Published: 2024-05-07
Status:
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The ETH/BTC ratio bottom to be between 0.003 and 0.004 by summer 2024.
"I still think the bottom is somewhere between .003 to .004 that is my base case and I think it's going to happen sometime this summer."
Pending
The ETH/BTC ratio bottom to occur within 1 to 3 months from the video's publication date (May 7, 2024).
"I do think we're likely only you know potentially one month away to three months away from the bottom on E Bitcoin."
Pending
If the Ethereum spot ETF is rejected, the ETH/BTC ratio will capitulate to 0.003-0.004, but this bottom will be driven by a pivot to looser monetary policy from the Federal Reserve, not the ETF rejection itself.
"if the ETF is rejected and eth Bitcoin capitulates then a lot of people are just going to say they're going to put on their Maxi hat their Bitcoin Maxi hat and say all right you know forget eth it's just going to go down on its Bitcoin pair forever but what if they're wrong right what if the reason it has been bleeding has nothing to do with its deflationary mechanism what if it has nothing to do with proof of stake what if it has nothing to do with the potential spot ETF rejection what if it only has to do with monetary policy and Inc you know slightly increased regulatory pressures but what if it's just based on monetary policy and then you get this example down here where eth Bitcoin bottomed when the Fed started to expand their balance sheet how poetic would it be e Bitcoin capitulates after e spot ETF is rejected and then people are like all right fine we believe you but they represent the last capitulation right and so once they finally believe it then bottoms I'm guessing around .3 to .4 and the reason for it to bottom would have nothing to do with this PF which I think is what the headlines would read it would just have to do with maybe maybe the FED is about to go back to looser monetary policy which they've already started to talk about"
Pending
Even if the Ethereum spot ETF is approved, the ETH/BTC ratio could still go down because the market is primarily driven by tight monetary policy, not the ETF approval.
"I could even Envision a scenario where the spot ETF is approved and it still goes down you know I mean wouldn't that be crazy if it were approved everyone then freaks out Yolo's in and then it still goes down because the Market's not based on the spot ETF it's based on the fact that monetary policy is still tight"
Pending
Bitcoin dominance (excluding stablecoins) will likely top sometime in summer 2024, coinciding with reduced market interest.
"Bitcoin dominance might top sometime this summer which is coinciding with when people don't care as much about the markets"
Pending
Bitcoin dominance (excluding stablecoins) will likely top in summer 2024, possibly reaching 64% (excluding stables) or 60% (including stables) as ETH/BTC breaks down to 0.003-0.004.
"Bitcoin dominance excluding Stables is likely going to top right and that's probably when it's going to top because that's normally when Bitcoin dominance finds a a top is sometime in the summer"
Pending
The ETH/BTC ratio will capitulate, spend time at the low while the 20-month Simple Moving Average (SMA) descends, then rally to test and break above the 20-month SMA, potentially in late 2024 or 2025.
"my guess is that you know you have sort of this capitulation down we spend some time down here as the 20mon comes down to it and then you start to go back up to it kind of like this and then you you you break above it kind of like that is what I would generally expect for the eth Bitcoin pair"
Pending
The ETH/BTC ratio will continue to bleed (decline) into June and possibly July 2024.
"my base case is that it it it bleeds into June and and maybe July"
Pending
The Federal Reserve will slow quantitative tightening from $60 billion/month to $25 billion/month starting in June 2024, which will be seen as slightly looser monetary policy.
"they've said that they're going to slow quantitative tightening down from like 60 billion or something a month to 25 billion that's something and there's also some other things that are going on that that might actually um you know sort of be seen as as stimulating uh to you know to the economy as well in the next few months"
Pending
The unemployment rate will hit 4% or over 4.2% in May 2024, causing the Fed to implement looser monetary policy, which will lead to the ETH/BTC bottom.
"if it were to jump 310 from April this April to May i' put it at 4.2% right you can see how it could all correspond perfectly right ETF rejected e Bitcoin capitulates but right then unemployment rate hits 4% or over 4% and then the FED goes to looser monetary policy and then e Bitcoin bottoms"
Pending