BITCOIN DOMINANCE BOUNCING! ALTS/BTC IS IN DANGER!
Hello everyone, Welcome to this quick dominance update. If you are reading my post for the first time then do follow me for more quality content.
Now let's get to the chart first. Bitcoin dominance falling for the past few weeks and after that fall it held the support at a 40% level which is very strong support. Now bitcoin dominance bouncing from the 40% level and breaks the 42% level resistance.
Last time also in the month of June bitcoin dominance dumped all the way to 40% and takes a bounce from there and reach 70% level. Now dominance starts pumping and breaks the 42% level and I expect it can pump more which is very bad for Alts/BTC pairs. The next two resistances for bitcoin dominance are at 45% and 50% levels. After reaching the 50% level we can expect a dump and one more alt season but I'm not sure about this yet. Though I updated you from time to time.
If you are holding Alts/BTC pair then I recommend you to put a tight stop loss.
Do you also think dominance bounce from here? or can we see one more alt season in Q4?
If you like this idea then hit the like button and share your views in the comment section.
This is not financial advice. DYOR before investing.
Thank you!
Now let's get to the chart first. Bitcoin dominance falling for the past few weeks and after that fall it held the support at a 40% level which is very strong support. Now bitcoin dominance bouncing from the 40% level and breaks the 42% level resistance.
Last time also in the month of June bitcoin dominance dumped all the way to 40% and takes a bounce from there and reach 70% level. Now dominance starts pumping and breaks the 42% level and I expect it can pump more which is very bad for Alts/BTC pairs. The next two resistances for bitcoin dominance are at 45% and 50% levels. After reaching the 50% level we can expect a dump and one more alt season but I'm not sure about this yet. Though I updated you from time to time.
If you are holding Alts/BTC pair then I recommend you to put a tight stop loss.
Do you also think dominance bounce from here? or can we see one more alt season in Q4?
If you like this idea then hit the like button and share your views in the comment section.
This is not financial advice. DYOR before investing.
Thank you!
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