First of all, i do some of my analysis for near future to going one step ahead from market.
This is one of them.
According my analysis and my experience, BTC is real hero in the market.
The others are shaping according to BTC. We can see clearly on the chart. Let's start.
9 July 2016: We saw little drop on dominance after halving while BTC is correcting.
But we didn't see altparty because of BTC's mission is not done yet.
4 Jan 2017: BTC hit previous ATH (All Time High) after more than 3 years.
Dominance didn't change much. Because BTC is still volatile.
It means smart money loves volatile product to make more profit.
10 Mar 2017: We saw clear FIRST BIG corrective moves from BTC after made new ATH.
This sell-off means BTC will correct ALL uptrend so less volatile days are coming.
Then, time for altparty because BTC become more riskier than any asset on the market.
Dominance dropped significantly and BTC did still OK.
Important thing here;
BTC did still OK when it's in correction because NEW money come to BTC because it broke ATH and it's ALL OVER THE NEWS.
While smart money already bought cheap altcoins.
Conclusion;
I am not waiting for real "altparty" until BTC hit ATH. (I think it will hit ATH in 15 months)
It's not mean that i am not gonna buy cheap altcoins.
I am accumulating some of altcoins and will go all in when BTC hit ATH.
No financial advice here. This is brainstorming. Thats all. Thanks for reading. Follow, share and like for one step ahead from anybody ;)
You can look my BTC halving prediction and New ATH level prediction from related ideas.
This is one of them.
According my analysis and my experience, BTC is real hero in the market.
The others are shaping according to BTC. We can see clearly on the chart. Let's start.
9 July 2016: We saw little drop on dominance after halving while BTC is correcting.
But we didn't see altparty because of BTC's mission is not done yet.
4 Jan 2017: BTC hit previous ATH (All Time High) after more than 3 years.
Dominance didn't change much. Because BTC is still volatile.
It means smart money loves volatile product to make more profit.
10 Mar 2017: We saw clear FIRST BIG corrective moves from BTC after made new ATH.
This sell-off means BTC will correct ALL uptrend so less volatile days are coming.
Then, time for altparty because BTC become more riskier than any asset on the market.
Dominance dropped significantly and BTC did still OK.
Important thing here;
BTC did still OK when it's in correction because NEW money come to BTC because it broke ATH and it's ALL OVER THE NEWS.
While smart money already bought cheap altcoins.
Conclusion;
I am not waiting for real "altparty" until BTC hit ATH. (I think it will hit ATH in 15 months)
It's not mean that i am not gonna buy cheap altcoins.
I am accumulating some of altcoins and will go all in when BTC hit ATH.
No financial advice here. This is brainstorming. Thats all. Thanks for reading. Follow, share and like for one step ahead from anybody ;)
You can look my BTC halving prediction and New ATH level prediction from related ideas.
