Bitcoin dominance (decreasing = Altcoin season)
We are currently in an uptrend for Bitcoin, targeting approximately 250k.
For altcoins to grow in dominance, Bitcoin's dominance needs to decrease.
The price of altcoins is mostly related to Bitcoin. When Bitcoin decreases, altcoins tend to follow. However, when Bitcoin consolidates or slightly increases, altcoins often experience massive upward movements.
The best-case scenario for altcoin dominance would be a golden Fibonacci level around 45%, or alternatively, a bounce at the Gann Fan 0.5 level.
For altcoins to grow in dominance, Bitcoin's dominance needs to decrease.
The price of altcoins is mostly related to Bitcoin. When Bitcoin decreases, altcoins tend to follow. However, when Bitcoin consolidates or slightly increases, altcoins often experience massive upward movements.
The best-case scenario for altcoin dominance would be a golden Fibonacci level around 45%, or alternatively, a bounce at the Gann Fan 0.5 level.
Nota
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Nota
We are still in the step up and waiting for the market to show it's hands
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.