Ratio bottom wont come 'til December
Posted Oct 19, 2021, 10:47 PM UTC
43
The first circle is in November, the second in January, the third in January, and the last in January. That's 4 out of the 7 (circled) data points (57%) not actually in December. There's also a peak in August 2014 that isn't circled, as well as one in September 2019.
Looks apophenic to me.
1
Year after year after year, BTC dominance tops out right around mid-late December (sometimes a significant local top matching September's).
Meaning that yes, the BTC/ETH {Alts} ratio will likely bleed until then. That is a long way off, but in the meantime, ETH/USD should continue to do fairly well and the higher BTC goes in USD, the stronger our whip should be once we turn.
ETH should fly going into mid- January if history repeats itself.... for the 9th time.
It’s gonna be a very good january