Bitcoin Dominance Bias Update + Altcoins Rally - Bitcoin Dominance is currently trading at 57.58%
- Altcoins will only trigger a rally when we see BTC Dom triggering a sell-off and bearish trend
- Bitcoin Dom has shown a very minimal slowdown and retracement that's leading to altcoins jumping
- I will be more interested to see BTC Dom breaking down and changing its Market Structure and that's where you will see Altcoins jumping more harder.
- Wait for a structure shift beneath 54% and claim back to 55 and then again a drop that's where we will see huge expansionary moves in Alts
- Q4 has been very bullish in the past expecting the same this year as well.
Bitcoindominance
Bitcoin Dominance & Altcoins Crash/Pump Analysis Correlation- Bitcoin Dom has broken out of its long weekly consolidation supply
- Bitcoin Dominance is now making all the Altcoins bleed
- Bitcoin Dom signifies that the money is flowing more into Bitcoin and getting pulled out from other cryptos to Bitcoin
- The current situation only looks Bearish for Altcoins and Bullish for Bitcoin
- However to see an ultimate rally in Altcoins we will have to see a strong rejection in BTC DOm and USDT Dominance
- Prepare yourselves and your Fiat accordingly
Bitcoin Dominance Altcoins Update - Bitcoin Dominance is currently looking bullish on a daily timeframe
- Bitcoin Dominance bearish is a green signal for Altcoins holders
- Once you see Bitcoin Dominance getting rejected from the 56-57% level altcoins will recover the partial dump they all made recently
- Altcoins bags exposure will be right once you see dominance trading at supply
- Buying altcoins when Bitcoin dominance is trading at demand is always a bad choice
Bitcoin Dominance Analysis- Bitcoin Dominance is currently at a stage where it can either
1) Take a small pullback and let Altcoins breathe
2) Move up more from here and we might only see a reaction around 55
- Bitcoin Dominance is very underrated when it comes to following this as an Index
- I think this should be considered as a preliminary when it comes to Trading Cryptos
3) Do not take many confluences before Trading as well
Bitcoin Dominance Trade Setup- Bitcoin DOM is currently moving sideways but BTC DOM itself can help you easily predict where the money is going to flow next
- With the help of this correlation your bias becomes easier and you know where to focus instead of just technical analysis
- If BTC Dom starts moving up from here then you need to stay a little cautious about your Altcoins entries, I would suggest having patience and letting it soar until you see it getting rejected
- If BTC Dom starts to move down impulsively all you have to do is let your winners run and if you don't have any then focus on building partial SPOT Swings.
- Risk on the table shouldn't be breached or expanded if you can't handle it.
Social media outlets are good at portraying and making Trading look pleasing and flashy whereas the real meat is boring and time valued majorly