Published: 2024-06-08
Status:
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
ETH/BTC valuation will remain bearish for a little longer.
"I still do maintain a a bearish bias on it for a little bit longer not that much longer but a little bit longer"
Pending
ETH/BTC valuation will return to its range lows within the next 3 to 6 weeks (from June 2024).
"eth Bitcoin I still content what if it's just doing what 2019 did and if it is that just means it's going to be back by back to the range lows within the next you know 3 to 6 weeks or so"
Pending
The US Dollar Index (DXY) will experience upward pressure and go higher as other economies are weaker and will pivot (cut rates) sooner than the US.
"I think it's going to be upward upward pressure on dxy to go higher because other other economies are weaker than the United States therefore they have to Pivot sooner"
Pending
Bitcoin will hit a new all-time high before most altcoins do, if altcoins ever reach new highs.
"Bitcoin is going to get a g to hit a new all-time high before most of these altcoins do if they ever do"
Pending
If Bitcoin (USD) fails to break out and instead forms a lower high, a comparison to 2019 market dynamics (bearish for alts) becomes very relevant.
"if it [Bitcoin USD] can't break out and it just up putting in a lower high like 2019 then then that comparison becomes really useful"
Pending
Bitcoin could potentially go back up to its prior all-time high (around 69k-71k).
"that could still be a valid comparison if Bitcoin is able to go back up to the prior high"
Pending
If Bitcoin retests its prior high, this move is likely to occur from mid-June to mid-July 2024.
"when it did that it didn't really make that move until about mid June right and now we're it's only June 8th this this weekly candle back up here was mid June and then it hung around those highs until mid July"
Pending
If Bitcoin dominance reaches 60% while Bitcoin's USD price remains above its bull market support band, it could signal Bitcoin's USD price falling below that support band.
"if Bitcoin dominance goes to 60% and Bitcoin USD is still above the bullmark SP band that could be the signal that it might go below it"
Pending
Altcoin-Bitcoin pairs may break down in June, similar to 2019.
"I just wonder if it's going to play out in a similar fashion I really do"
Pending
Altcoin-Bitcoin pairs are unlikely to bottom at their current level (around 0.4) and will likely go down further.
"I just don't think they're going to bottom here because the historical record suggests that you know they tend to go down and if you look at other ways of measuring this you'll actually see that it might appear like all Bitcoin pairs have actually made no progress in a year"
Pending
Bitcoin dominance will reclaim market share for the next three years (until 2027), after which (in the post-having year of 2028), altcoin-Bitcoin pairs will durably outperform, causing Bitcoin dominance to drop.
"the way this historically works is that there's only one year where all Bitcoin pairs durably outperform and that's the post having year... you spend the next three years dreaming of alt season while Bitcoin just reclaims market share... and in the post having year Bitcoin dominance drops again"
Pending
Blue Chip dominance (Bitcoin + Ethereum dominance) will achieve a weekly close above 73%.
"Blue Chip dominance Bitcoin plus eth dominance to get a weekly close above 73% we're almost there"
Pending
Bitcoin dominance plus USDT dominance is likely to break out and continue to go up, despite recent delays.
"Bitcoin dominance plus usdt dominance that it is is likely going to be breaking out and you can see that last cycle it had a high and it swept a high came back down and then went up same thing's happening right High sweep the high come back down then go up I thought we were already going up but then we had the whole spot ETF stuff for e that's coping I get it but it still doesn't mean it's not going to just go right back up so what if it got delayed by a month or two monetary policy hasn't changed it can still go up"
Pending
Bitcoin dominance (excluding stablecoins) is projected to reach 64% by July 2024, which translates to 60% Bitcoin dominance (including stablecoins).
"Bitcoin dominance excluding stable coins till looks on track to still looks on track to me and you know I mean I don't know when it's going to if it I mean I don't it doesn't have to but assuming it goes back up to the top of this trend line here if it were to do it in July it would put it at 64% this is excluding Stables right the 6% you add 6% to bitcoin dominance including Stables that gets you to 60%"
Pending
Altcoin-Bitcoin pairs are expected to break down and quickly reach their range lows within a couple of months, possibly during summer 2024.
"all Bitcoin pairs could break down and if and when they do it doesn't take long to find the range lows couple of months right so let's see if it happens last cycle it happened in June when people were checked out for the summer maybe it'll happen this summer too maybe it happens in June I'm not married to that idea it could be July could be even later"
Pending
Bitcoin dominance will finally top out after altcoin-Bitcoin pairs bleed rapidly to their range lows, but it still has further to increase before that happens.
"if they bleed remember it it can take place really quickly to the range lows and then that I think is where Bitcoin dominance will finally top out but I don't think we are there yet I think we have a little bit further to go"
Pending
The Federal Reserve is likely to pivot (cut interest rates) soon, and the author will adjust his bearish Bitcoin dominance views a couple of months after the Fed's pivot.
"normally [Bitcoin dominance rally] doesn't end until the FED pivots the FED hasn't pivoted yet they're probably going to Pivot soon and once they pivot I will pivot on my Bitcoin dominance views plus or minus a couple of months"
Pending
Alt season is not expected until the post-halving year (next expected in 2028).
"alt season but that doesn't normally come until the post tapping year"
Pending
If Bitcoin or Bitcoin dominance falls below and holds below the 20-week SMA/EMA, it will likely be negative for altcoin USD valuations.
"if you see Bitcoin go below the 20we SMA or if you see Bitcoin dominance go below the 20we Ese and hold it that's probably not a good thing for your altcoin on its USD pair"
Pending