Looks likes ETH is breaking out of BTC pair - page 5.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: djselery on October 09, 2019, 10:31:59 AM

There are some signs that the altcoins market is going to recover again during the few coming weeks and months.

People have been pointing at signs of altcoin recovery this whole year and none of them have done much other than go down. BNB has been somewhat of an exception, but it has been beaten down too lately.

It makes much more sense to let the market bottom out before being bullish.... when Bitcoin takes another dump we're back to square one. Great time for satoshi stackers, not so much for get rich quick noobs. Accept that.

djselery

legendary

Activity: 1386

Merit: 1001

There are some signs that the altcoins market is going to recover again during the few coming weeks and months. Bitcoin's dominance is actually falling, and ETH price is also slowly rising, so we expect that the prices of most promising altcoins are going to increase highly soon. And of course, Ethereum is the best and most popular altcoin right now.

TriplexXx

member

Activity: 176

Merit: 10

Don't worry the bitcoin market dominance is already falling. bitcoin market dominance reaches up to 70% of the cryptocurrency market few weeks ago but now that huge market dominance is starting to fall (66% now) and that shows a good sign that the altcoins season is coming sooner than expected.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: asyakashi on October 09, 2019, 08:28:03 AM

Many predict that the altcoin season has begun and market dominance over altcoin is starting to increase.
this will have a big effect on altcoin, Ethereum still has a chance to continue going up in line with this positive trend.
stay careful with rising bitcoin prices.

Dominance is still way above the 60% margin. So be able to say that altcoin is really making a recovery, dominance should be cut like in the 40%-45% in my opinion. But then again, someone will argue that we really don't see the real picture if you are going to gauge bitcoin's dominance so it's a moot argument.

So I don't think that ETH though is breaking out of BTC pair. After all all coins still rely on BTC so it's hard to say that some coin are having its own course and totally dependent of BTC, just saying.

hamdi

hero member

Activity: 826

Merit: 500

its about time that ETH overtakes bitcoin. its just much more useful. all the DEFI contracts and custom tokens... bitcoin is a rigid dinosaur but brings nothing new to the table.

asyakashi

sr. member

Activity: 1918

Merit: 256

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Many predict that the altcoin season has begun and market dominance over altcoin is starting to increase.
this will have a big effect on altcoin, Ethereum still has a chance to continue going up in line with this positive trend.
stay careful with rising bitcoin prices.

Chaintrader_1

newbie

Activity: 25

Merit: 3

Hi guys,

It looks like ETH/BTC is breaking out of a H&S formation.
Here my analysis : https://youtu.be/sAupjJ3uZlY

What do you guys think ?

Topic: Looks likes ETH is breaking out of BTC pair - page 5. (Read 733 times)