Altcoins Session is Over or One more Last Altsession is ready..? Long

Market Cap BTC Dominance, %CRYPTOCAP

Description

⋅ Sep 15, 2021 5:09 AM

#BTC Dominance Chart Update:-

Altcoins Sessions over or Not…?

Currently Dominance is trading at 41.45% Level.

What Chart say..?

As per chart if Dominance Break upward 42% level then Altcoins will be bearish in BTC Pairs.

But If Not break 42% level and Trading below 42% then This will cery good for Altcoins sessions.

40% Is strong support for Dominance chart.
If break down 40% level then we cam see next and Last support will be 35%

And This will be end of Altcoin sessions.
So be careful about this Scenarios.

Support:- 40% / 35%
Resistance:- 42% / 45% /50%

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Comments

vifore

⋅ Sep 15, 2021 9:25 AM

I think btc dominance gradually becomes an obsolete indicator since people tend to invest on coins that has real utilities. In the next few months, btc dominance may drop to anywhere from 20-30%

Parker270983

⋅ Sep 20, 2021 4:03 PM

@vifore, i think as well !

Mihai_Iacob

⋅ Nov 1, 2021 11:09 AM

good work!

ProjectSyndicate

⋅ Sep 15, 2021 11:02 AM

Thanks for sharing your analysis and charts