Hey guys. Sometimes short, simple ideas can be very helpful as well. Sometimes they're just things to keep in mind in order to stay prepared for any situation that may arise in the markets!
This is one of those ideas. We have the BTC DOMINANCE chart on top and the ETH DOMINANCE chart on the bottom.
Personally, I think the BTC.D is a little bit LOW compared to where I think it should be. This simply means that I BELIEVE BTC deserves a little more market dominance. It doesn't necessarily mean that ETH will fall. BTC can regain dominance by pumping a lot harder than ETH/ALTS over a given time frame. It can (and usually does) gain dominance when the whole market drops because alts often drop a lot more than BTC in these situations.
Not long ago when BTC started pumping from 40K area to 55K, Alts were just bleeding for weeks and the alt market remained mostly RED. This is because many Investors were moving their money into BTC and that is NORMAL during situations like this and has happened in previous bull markets as well. BTC has always been considered a safer investment and has been around longer and that is why it is less volatile!
With BTC chart looking very BULLISH and can potentially blast off this coming week, WE SHOULD PREPARE for the possibility of a similar scenario. I'm not making any claims here, this is all about preparation!
What will you do If BTC blasts and ALTS stay red? Would you re-arrange/rotate your portfolio? Would you be able to identify it soon enough to profit from it?
This is something a little bit different than what I usually publish which is mostly T.A. I'm interested to here your thoughts on the situation and how you like this .
All comments and feedback are always appreciated and welcome.
If you guys like this please LIKE and SHARE . If you're not Following me, FOLLOW
This is one of those ideas. We have the BTC DOMINANCE chart on top and the ETH DOMINANCE chart on the bottom.
Personally, I think the BTC.D is a little bit LOW compared to where I think it should be. This simply means that I BELIEVE BTC deserves a little more market dominance. It doesn't necessarily mean that ETH will fall. BTC can regain dominance by pumping a lot harder than ETH/ALTS over a given time frame. It can (and usually does) gain dominance when the whole market drops because alts often drop a lot more than BTC in these situations.
Not long ago when BTC started pumping from 40K area to 55K, Alts were just bleeding for weeks and the alt market remained mostly RED. This is because many Investors were moving their money into BTC and that is NORMAL during situations like this and has happened in previous bull markets as well. BTC has always been considered a safer investment and has been around longer and that is why it is less volatile!
With BTC chart looking very BULLISH and can potentially blast off this coming week, WE SHOULD PREPARE for the possibility of a similar scenario. I'm not making any claims here, this is all about preparation!
What will you do If BTC blasts and ALTS stay red? Would you re-arrange/rotate your portfolio? Would you be able to identify it soon enough to profit from it?
This is something a little bit different than what I usually publish which is mostly T.A. I'm interested to here your thoughts on the situation and how you like this .
All comments and feedback are always appreciated and welcome.
If you guys like this please LIKE and SHARE . If you're not Following me, FOLLOW