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FieryTrading
Apr 13, 2024 9:05 AM

🔥 Bitcoin Dominance Break Out! Watch Your Alts 🚨 Long

Market Cap BTC Dominance, %CRYPTOCAP

Description

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As of this week, the Bitcoin Dominance (BTC.D) has broken out of a 6-month consolidation period. This means that money is flowing out of altcoins into Bitcoin again.

It's difficult to predict how high BTC.D will go, but I think we can make a an educated guess by looking at the diagonal purple resistance.

Historically, bull-markets (especially for alts) started at the red arrows. Remains to be seen if it will happen again.

For now, alts are likely going to lose value against Bitcoin, especially during dumps like yesterday. Start looking to buy alts again after BTC.D hits the top resistance.
Comments
ParabolicP
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Btcd wants 58% and possibly beyond. By bye alts
zzwen
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@ParabolicP 58 to 60 then after two months going down
Ruchisen92
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@zzwen after two months? what do you mean by that?
zzwen
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@Ruchisen92 btc will flow to altcoins and if btc dominance will doing down down below 50
Jonesr555
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@ParabolicP, Nope...

Alts haven't even recovered... BTCD preparing to dump.

Stay tuned
ParabolicP
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@Jonesr555, probably not. Fear has set in already
ParabolicP
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@Jonesr555, how about now?
Ruchisen92
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how to check for this?
Ruchisen92
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@Ruchisen92 top resistance
FieryTrading
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@Ruchisen92, I don't understand the question
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