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24.10.21 Whale Indicator - Start of altcoin?
Market Cap BTC Dominance, %
24.10.21 Whale Indicator - Start of altcoin?
By Whale_signal
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Oct 21, 2024
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Bitcoin Dominance (D.BTC) - 4H
Bitcoin Dominance (D.BTC) recently closed below the orange whale indicator on a four-hour and daily basis
We have to wait and see the current flow, but if a few more candles come out, I think we can see a clearer direction
If Bitcoin Dominance continues to show a downward trend, we can expect more active movement in the altcoin market than in Bitcoin
Continuous monitoring will be needed for more detailed analysis, but strategic preparations for altcoins will likely be needed
However, if Bitcoin Dominance rises above the orange whale indicator again, the current downside view could be nullified
In this case, it is necessary to recheck the new direction after checking additional candles
Now is the time to closely monitor the short-term flow and modify the strategy according to the indicators
BTCUSDT
Chart Patterns
Technical Indicators
Trend Analysis
Whale_signal
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