Altcoins Session Ready for end and what is exit point form alts
Guys Altcoins Sessions end or not...?
I will update all information in this IDEA.
Now Dominance is trading at 46%
And this is below of so now altcoins is .
But I am waiting for 39% dominance level.
If this comes then I will exit from all Altcoins and Also Update you what will you do for Safe your fund.
If any reason I will not update then uou can exit from Altcoins around 40% dominance level.
I told you to buy bag from altcoins when Dominance was 71% so jow all altcoins 20x-50x from that level.
So prepare for Exit from Altcoins.
Resistance:- 50% / 52% / 57% / 60%
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again thank you.
Really I am very happy
really I am very appreciate
BTC domince decreased for two major reasons
1) Dogecoin 11.000% gain in 2021 so far
the possibilities to make profits with Altcoins will depends on two major factors:
1) Bullish sentiment in general
2) BTC trading sideways around ATH
Many Altcoins didn't reach past ATH yet and some of them, such as XLM are set to fly unless the general sentiment changes.
A part from that, CME group just launched Micro Bitcoin Futures and more news are coming, this means that Bitcoin is becoming more and more institutionalized with three main consequences:
1) Increment of institutional holders
2) Less volatility
3) Stock Market-like behaviour
Of course the above mentioned phenomena (Doge and ETH, and others you could mention) are exceptions.
But book profit time to time is good strategy as per my opinion.
Because Profit is greater than Loss.