/ethereum *ETH/BTC - TOTAL2 - Bitcoin Dominances
I prepared a table based on the last 2 cycles.
At the end of the 2017 cycle, ETH/BTC falls 85% before TOTAL2 rises 400%. The last level of Bitcoin dominance at that time was 71%. Afterwards, ETH/BTC reacts at 0.023; in 37 days, ETH/BTC rises by 330% on average, BTC dominance falls to 35%.
In the 2021 cycle, the ETH/BTC pair falls 43% before TOTAL2 rallies 600%. It then reacts upwards from 0.023 and falls another 36% from 0.046 in the first week of February. It reacts again at 0.023. This time, the reaction buy reduces Bitcoin dominance from 61% to 44% in 42 days. The market peaks with the news of the Chinese miner ban, dominance continues to fall to 35%.
Why did I detail all this? Because sometimes you need to see how fast things can happen. In other words, if the movement starts, the market can show very high gains in a very short time. The only problem is predicting when it will start, which unfortunately no one knows for sure. 0 reply
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