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shimmeringpath
Apr 21, 2021 5:50 PM

Dominating The Market Btc.d #Bitcoin $BTC #Bitd 

Market Cap BTC Dominance, %CRYPTOCAP

Description

Here we see our Bitcoin Dominance chart which today dipped into 51 area ! This is major ! Our expected Altseason won't happen with a high Bitcoin Dominance chart so it's great to see this dipping even lower right now! You can see we are under the daily Ichimoku cloud . We are under both the 50 MA and the 200 MA . And we have hit a TD Sequential 9 in red on this daily chart as well as the 3 day chart . This chart is just red ! And whilst the Dominance of Bitcoin in the market goes down - the rise of Altcoins in the market should continue up , even giving us a bit of Altseason! So this is very Bullish for our Alts . Last Bullrun of late 2017 saw Bitcoin Dominance actually fall to 36 area at end of December 2017/early January 2018 !! That's quite a bit lower even than we are now though there's no guarantee how low it goes . No one can say yet but so far it seems like our altrun will be looking good all year .
Comments
gc-charts
QQ as a noob, I've got 70% of my portfolio in BTC which is at 0.2 in the green at this point in time btc is at $54,836. Would you recommend that I trade at least some of that (I'm thinking 50%) into major alts for at least the next few months?
This seems to be a better strategy to generate some profits rather than just holding btc.
shimmeringpath
@gc-charts, seems like a good idea - I'm sitting mostly in alts
gc-charts
@shimmeringpath, thanks, appreciate the reply. I'm going to make some changes :)
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