Published: 2024-02-09
Status:
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
USDT dominance is predicted to reach approximately 4-4.3%.
"if I get the price label about 4% right if it takes longer it could be 4.3% we're currently at 5.5"
Pending
Bitcoin dominance is expected to increase by absorbing liquidity from the altcoin market.
"I expect Bitcoin dominance to go up I expect Bitcoin to absorb that liquidity from the rest of the market"
Pending
Bitcoin's current rally is predicted to cool off once Bitcoin dominance reaches approximately 56%.
"Bitcoin did not cool off until the Bitcoin dominance retraced to the 0.5 retracement from the breakdown point this cycle that would correspond to approximately 56%"
Pending
If USDT dominance is rejected by its 20-week SMA, it is predicted to eventually drop to and tag a historical trend line around 4-4.3% (from its then-current 5.5%). This event has historically marked crypto market or local tops.
"if it gets rejected here off its 20we SMA... then what you would look for is potentially for it to to tag this trend line eventually... about 4% right if it takes longer it could be 4.3% we're currently at 5.5"
Pending
The ETH/BTC pair is likely to experience a breakdown.
"I still think there's some things that Bitcoin needs to get done like breaking eth Bitcoin down I think that is likely going to happen as well"
Pending
The total crypto market cap is predicted to increase by another 20% to reach the midpoint of a historical trend line.
"that would put you a little bit higher right I mean not not even just a little bit I mean that that's actually another that'd be another another 20% move"
Pending
If Bitcoin does not retest its bull market support band (20-week EMA/SMA) by March 2024, the probability of it failing to hold that support upon a later retest (e.g., in May 2024 or later) will significantly increase.
"if we don't test if we don't test the bull market support fan within the next month or so then I I think the likelihood just starts to go up that we won't hold it whenever that test eventually happens if it if it happens in February or March perhaps there's a chance that we hold it if it doesn't happen until May or something then the odds go up that we don't"
Pending
The altcoin market cap (excluding USDT) relative to Bitcoin is expected to drop to 40% from its then-current 43-44%.
"altcoins total 3 minus usdt Bitcoin look for that 4 40% right now it's at 44% it's almost at 43% okay look for that"
Pending
Bitcoin's uptrend and volatility are predicted to remain intact until Bitcoin dominance reaches approximately 56%, at which point the market could enter a cool-off phase.
"I think that that cool off phase could occur after all Bitcoin pairs have finally broken down remember last cycle Bitcoin did not cool off until the Bitcoin dominance retraced to the 0.5 retracement from the breakdown point this cycle that would correspond to approximately 56%... Bitcoin the uptrend was intact until the 0.5 retracement which was around 56% dominance for this cycle... this cycle would correspond to 56% dominance"
Pending
The ETH/BTC ratio is predicted to break down, implying Ethereum will likely underperform Bitcoin.
"I still think there's some things that Bitcoin needs to get done like breaking eth Bitcoin down I think that is likely going to happen as well"
Pending
If all other altcoin-Bitcoin pairs break down, the ETH/BTC ratio is predicted to break down a few weeks later.
"if all Bitcoin pairs break down then you know perhaps a few weeks later we would see eth Bitcoin break down"
Pending
If Bitcoin holds its 0.5 Fibonacci retracement level, it has a good chance of rallying to the 0.618 Fibonacci retracement level.
"if we can hold here at the 0 five then eventually we there's a good chance we're just going to go right back up to the 618"
Pending
If the Bitcoin halving narrative drives a significant price rally leading up to the halving (April 2024), it will be harder for Bitcoin to hold its 20-week EMA/SMA as support when it eventually retests it.
"if the having narrative takes over and and we see a Bitcoin move into the having then by the time you actually test the 20we ese it could be it could be a lot harder to hold it as support"
Pending
A retest of Bitcoin's 20-week EMA/SMA is predicted to potentially occur in May 2024, similar to the 2019 cycle timing (31 weeks), after the halving event.
"if it took as long as 2019 did then 31 weeks would put you out in May and and I I've I've suggested may as a as sort of an an area of Interest a few times because it's after the having"
Pending
If Bitcoin does not retest its bull market support band (20-week EMA/SMA) by March 2024, the probability of it failing to hold that support during a later test (e.g., in May 2024 or later) increases. Holding is more likely if the retest happens in February or March 2024.
"if we don't test the bull market support fan within the next month or so then I I think the likelihood just starts to go up that we won't hold it whenever that test eventually happens if it happens in February or March perhaps there's a chance that we hold it if it doesn't happen until May or something then the odds go up that we don't"
Pending
If Bitcoin dominance approaches 60%, it could be a good time for the altcoin market to regain some of that market share.
"assuming we do get close to 60% dominance by the time they're convinced it could be very well time for the altcoin market to take back some of that market share"
Pending
The market cap of altcoins (excluding Bitcoin and stablecoins, referred to as 'Total 3 minus USDT Bitcoin') is predicted to drop to 40% from its then-current 43-44%.
"for altcoins total 3 minus usdt Bitcoin look for that 4 40% right now it's at 44% it's almost at 43%"
Pending