Many guys ask what to do with altcoins, when is the best time to buy them? In this idea, I will show you the best place to buy altcoins!
Bitcoin dominance is a very important indicator that can tell us when is the best time to buy or sell altcoins. Right now on the chart, you can see that bitcoin dominance is in a trading range between the 50 and 40 levels. The dominance is now rapidly moving upwards, which is not good for altcoin growth, so all altcoins are now either falling or in consolidation.
There is a marked resistance area at the top of the chart, which could stop bitcoin dominance and would be a good opportunity to buy altcoins. But another scenario should be noted, if bitcoin dominance continues to squeeze near this area, it would signal a breakout and a continuation of the altcoin decline.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.