Comparison of trends. BTC domination - halving + LTC - halving.
From the left side
Bitcoin dominance chart by market capitalization. Halving will approximately occur on May 18-20. Perhaps an upward wedge will form before halving. Then a strong drop in the dominance of bitcoin and pumping altcoins. I showed the zone for a more likely reversal on the chart, although the entire zone for observation is an uptrend line. I think that most likely the peak of domination will be 1-1.5 months before the halving.
You also need to understand that the situation may change bistro if domination breaks the uptrend line (red line) and consolidates below it. This will mean the beginning of a downtrend and the beginning of a full-fledged pump of the viola season in which most already do not believe, and this is a good sign.
Domination has long been near the uptrend line and the farther in time, the situation is heating up. Sooner or later, a breakthrough will occur, I think everyone is looking forward to it.
The right side of the graph.
The upward trend of the coin before the litecoin halving (LTC) and then the downward trend of the coin after the halving. Which continues now. The price fell 5 times and this is not the limit! Note that the price peak happened 47 days before the important event - LTC halving. It is highly likely that this will happen with bitcoin. Money just before the halving will flow into cheap altcoins.
I think that this comparison of trends makes it clear that a drop in bitcoin dominance is inevitable, and the higher the ratio to other altos rises now, the steeper the drop in domination will be. Think about the decline in the dominance of bitcoin by a large percentage. And how will it be possible to raise the price of altcoins that have lost 80-95% in value.
It is very pleasing that most people do not believe in the revival of the alts from the afterlife. Faith is completely killed.
I think that the majority of believers when they received from their hold zeroing their deposit by 80-95% already completely lost faith in what they believed.
Perhaps just before the market reversal, the last lowering of the price of altcoins will take place. So that people get rid of altcoins and say: "I’m selling my promising hold - altcoin at any price, just to get rid of it and forget everything like a bad dream." When this happens, the altcoins pump season will begin.
Bitcoin dominance chart by market capitalization. Halving will approximately occur on May 18-20. Perhaps an upward wedge will form before halving. Then a strong drop in the dominance of bitcoin and pumping altcoins. I showed the zone for a more likely reversal on the chart, although the entire zone for observation is an uptrend line. I think that most likely the peak of domination will be 1-1.5 months before the halving.
You also need to understand that the situation may change bistro if domination breaks the uptrend line (red line) and consolidates below it. This will mean the beginning of a downtrend and the beginning of a full-fledged pump of the viola season in which most already do not believe, and this is a good sign.
Domination has long been near the uptrend line and the farther in time, the situation is heating up. Sooner or later, a breakthrough will occur, I think everyone is looking forward to it.
The right side of the graph.
The upward trend of the coin before the litecoin halving (LTC) and then the downward trend of the coin after the halving. Which continues now. The price fell 5 times and this is not the limit! Note that the price peak happened 47 days before the important event - LTC halving. It is highly likely that this will happen with bitcoin. Money just before the halving will flow into cheap altcoins.
I think that this comparison of trends makes it clear that a drop in bitcoin dominance is inevitable, and the higher the ratio to other altos rises now, the steeper the drop in domination will be. Think about the decline in the dominance of bitcoin by a large percentage. And how will it be possible to raise the price of altcoins that have lost 80-95% in value.
It is very pleasing that most people do not believe in the revival of the alts from the afterlife. Faith is completely killed.
I think that the majority of believers when they received from their hold zeroing their deposit by 80-95% already completely lost faith in what they believed.
Perhaps just before the market reversal, the last lowering of the price of altcoins will take place. So that people get rid of altcoins and say: "I’m selling my promising hold - altcoin at any price, just to get rid of it and forget everything like a bad dream." When this happens, the altcoins pump season will begin.
Comment:
Bitcoin dominance Formation of an ascending wedge before halving
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Everything is going according to plan.
An important zone of support for the dominance of the BTS has broken through. Altcoins begin to pump up. So far, only with a small capitalization.
Now there are 2 important levels of support shown in the idea, everything is decided from them
An important zone of support for the dominance of the BTS has broken through. Altcoins begin to pump up. So far, only with a small capitalization.
Now there are 2 important levels of support shown in the idea, everything is decided from them
Comment:
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