CoreCrypto1

BITCOIN DOMINANCE PUMPING! BE CAREFUL WITH YOUR ALTS/BTC PAIR!

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this important update on Bitcoin dominance. As you know when bitcoin dominance bouncing Alts dump hard especially in BTC pair.

In my previous update of bitcoin dominance, I clearly mention that dominance is going to bounce from 42 levels so book profit in your Alts. Hope you listened and took the necessary steps. So what now? Is this a good time to enter in Alts again?

Let's get to the chart first. Currently, Bitcoin dominance hovering at above 44 levels and there is some resistance at this level. If we break this resistance then the next resistance is at around 48 levels. It is highly likely that we see a rejection from that level. If we break the 48 level resistance then things get very ugly for altcoins but IMO we may see a rejection from the 48 levels.

Right now I recommend do not take entries in Alts. Wait for the right moment and keep a close eye on resistance levels. If there is any change in the plan then I'll update you.

The last time Bitcoin dominance bounced from the 40 levels. It's very strong support. If we somehow manage to break the 40 levels then we see the greatest Altseason of history.

What do you think about that?
Do you also think that we may see the biggest Altseason?

If you like this idea then do support it with your likes and follow.
Also, share your views in the comment section.

This isn't financial advice. DYOR before investing.

Thank you!