Hi Guys!
Do you know what falling dominance of BTC means?
Yes, you are right. The more bullish the market is the smaller dominance of BTC is.
It happens when the market is positive about the future and people invest in other projects than BTC.
It means they are not afraid anymore and put their money somewhere else than the safest crypto so far BTC.
As you can see on the chart we observed descending triangle on the BTC dominance.
This pattern is a clear trend reversal pattern.
We are on the verge about to cross down 53%.
We also showed you 3 possible scenarios of the future chart.
The sharper we fall the stronger growth on crypto will be.
Are you happy about such a scenario?
Let us know. Please comment down below.
Thank you for reading and your time.
MASSIVE Hugs!
Do you know what falling dominance of BTC means?
Yes, you are right. The more bullish the market is the smaller dominance of BTC is.
It happens when the market is positive about the future and people invest in other projects than BTC.
It means they are not afraid anymore and put their money somewhere else than the safest crypto so far BTC.
As you can see on the chart we observed descending triangle on the BTC dominance.
This pattern is a clear trend reversal pattern.
We are on the verge about to cross down 53%.
We also showed you 3 possible scenarios of the future chart.
The sharper we fall the stronger growth on crypto will be.
Are you happy about such a scenario?
Let us know. Please comment down below.
Thank you for reading and your time.
MASSIVE Hugs!
