Bitcoin dominance is one of the important factor which affect the alt coin movements. historically whenever there is a increase in Bitcoin dominance we see blood bath of alts and vice versa. BTC dominance basically tells us how much percentage of CryptoCurrency market-cap is owned by bitcoin alone.
In the above market cap we can see bit coin dominance is about to hit the next support which is very crucial to determine the next altcoin bull runs. From last two months we have seen bitcoin breaking its ATH again and again but major altcoins did not break its ATH, if the 2017 history repeats then we should be seeing the new ATH on altcoins. To new ATH on altcoins its very important that bitcoin dominance breaks its next support and moves lower.
Since bitcoin already increased by 10x since march people looking to invest in altcoins which are much cheaper than bitcoin and has much possibility of giving higher returns. Based on this i'm expecting to BTC dominance to break its next support and move around 50% which will trigger very good Altcoin bull run and major altcoins will hit new ATH
let's wait and see how it goes. If it breaks next support then i'm going to invest in major altcoins.
i will keep updating this post based on how it moves.
Nice chart and good explanation about market moments logic from BTC to alts. 👍. Kindly share T/A about alpha also.. Very active moments at last 2 week.
Nice chart, do you think Xrp will launch or is this dead
GreenCryptoTrades
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@TommyAuh, People will eventually forget about SEC lawsuit on XRP, once other alts start moving we can expect XRP to move. I would buy XRP now, i would just hold whatever the XRP i have now and sell it when it reaches good amount of profit.
TommyAuh
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@GreenCryptoTrades, cheers man hope so watching alts explode while deep red with Xrp. Thanks for your chart and reply