TahaZargar

BTC DOMINANCE is bouncing, Bad news for Altcoins!

Long
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
Hi there,

Bitcoin Dominance is bouncing and this is not good for Altcoins at all.

BTC.D was moving in a downtrend channel for about 50 days and I expect to see a breakout of that.

What will happen?

In the best case when BTC .D is going up if Bitcoin goes up too, Altcoins will fall with a low slope.

In the worst case when BTC .D is going up if Bitcoin goes down, Altcoins will fall rapidly.

So In my idea this is a bad time to be with Altcoins, Also Altcoins growth a lot in the past 50 days and these prices are not proper to buy for next leg up.

Be carful with your trading and investing.
Your Likes and comments are the best Thank you.