Welcome to this quick update guys. Bitcoin Dominance is falling. I want you to understand how markets will work now. BTC PUMPS- Alts dump BTC Goes sideways: Alts will recover very fast It will be right time to BUY the alts.
Current situation: Alts dumped a bit. So you can consider adding some altcoins here, I am looking at adding #COTI. With IOS Android App and Dapps Cotipay Debit Card. It is likely to go 2x to 3x from here BY THE END OF THIS QUARTER. With the massive rally it had recently this correction was due. I will post the chart after this update with clear entry and Targets,
Coming back to the chart, According to the fractals last time The index fell below the 50D MA Level we have seen a measured move of around -10%. Expecting the same this time. Dominance is likely to fall to 61.5 level and eventually 57.xx level. This will make a huge room for Altcoins to grow. Some of the altcoins you see now would be 5x at that time.
Hope my contents are helping you to learn. Do hit the like button and share your views in the comment section. Follow me for the latest updates and the best educational contents and early altcoin setups.
STAY SAFE
#PEACE
Trade active
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#Bitcoin Dominance: It's happening now! The retest is over and got rejected right away from tat 62ish level. What's next? 58!! Hitting this zone could take BTC to 11k and below at the same time Alts will keep bouncing and rallying!
Stay tuned for more upcoming Altcoin and BTC updates.
your charts are always really clean and you provide really good explanation. Especially with about how the market works you help a lot of people to understand the situation. This makes me feel much more confident in trading alts because before I felt that I never knew what was going to happen. Thank you so much for this!!
Still I have a general question: Do you have opinion on what affects the BTC dominance? Is it decreasing in times when there are a lot of big fundamentals for alts and is it then increasing again in times where the announcements about alts are at lower levels? Or what causes the dominance to change?
Cryptorphic
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@inspire02, The transfer of money from BTC to Altcoins and vice versa according to the Hype/fundamentals. Every project wants to come up with news and announcements during the end of any quarter. This creates a Hype around the crypto space and people tend to get positioned maximum into the alts following the Big traders and Top Technical Analysts.
That's how it works.
Thank you for your support,
inspire02
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@Cryptorphic, okay then my feeling about the fundamentals affecting it was right. Thanks a lot - you confirm all the rough feelings I've had in the past. Thank you for teaching - I really appreciate your work! :)
@inspire02, Prime example here of how @Cryptorphic has affected the community! I wish he would get more attention he's really a great TA and I can't get enough of his charts I have copies and follow every day! This individual puts in the hours I'll tell you that much! Thank you @Cryptorphic you're the f*cking man!
Cryptorphic
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@SmoreRus, Thanks a lot my friend. You're right about the Time I invest in my work. :) Keep supporting
UnknownUnicorn4156149
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Thank You! Waiting for COTI entry and Targets...
Cryptorphic
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@berosh, It has started it's rally
davidaguero
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This is amazing..everything on point
Really good work 🔥🔥🔥
Still I have a general question: Do you have opinion on what affects the BTC dominance? Is it decreasing in times when there are a lot of big fundamentals for alts and is it then increasing again in times where the announcements about alts are at lower levels? Or what causes the dominance to change?