BITCOIN DOMINANCE UPDATE! WHEN ALT SEASON?
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Welcome to this BTC Dominance update. Bitcoin dominance is inversely proportional to altcoins means when BTC.D increases Alts starts dumping and when BTC.D dumping, Alts starts pumping. BTC.D affects especially BTC pair altcoins.
Now, let's get to the chart.
Here I show you a 3-day chart of bitcoin dominance. According to this chart, dominance is moving inside a parallel channel and currently breaks above the middle line of the channel(dashed line).
Also, it breaks above the 100ma. So from here, I'm expecting a bounce in dominance till the 46 levels. After reaching the 46 levels I'm expecting a rejection and that is the best time to enter into altcoins.
As of now, I'm waiting patiently to reach dominance at that level and when I see any rejection I'll update you all. Till then stay safe and stay tuned.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this BTC Dominance update. Bitcoin dominance is inversely proportional to altcoins means when BTC.D increases Alts starts dumping and when BTC.D dumping, Alts starts pumping. BTC.D affects especially BTC pair altcoins.
Now, let's get to the chart.
Here I show you a 3-day chart of bitcoin dominance. According to this chart, dominance is moving inside a parallel channel and currently breaks above the middle line of the channel(dashed line).
Also, it breaks above the 100ma. So from here, I'm expecting a bounce in dominance till the 46 levels. After reaching the 46 levels I'm expecting a rejection and that is the best time to enter into altcoins.
As of now, I'm waiting patiently to reach dominance at that level and when I see any rejection I'll update you all. Till then stay safe and stay tuned.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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