What to do? When to buy? When to sell? I get questions like this in my personal messages every day!
Let's figure out what to do. The bitcoin dominance chart clearly shows that the price has broken away from the significant 40 mark. After that, it has been moving in an uptrend for a month, which is not good for altcoins. The price has now entered a zone where the fate of all altcoins will be decided. Bitcoin dominance - 2 scenarios: a)If bitcoin dominance breaks the upper resistance level, then all altcoins will start to decline further and the best solution is to sell. b) If bitcoin dominance breaks the lower support level, it will be a good buying opportunity and the altcoins will rise well.
Write in the comments all your questions and instruments analysis of which you want to see.
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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
How did you determine that in case of a breakdown the target is 43%? According to the wave theory 5, the wave will be below 3, which means that domination will go below 40% of the month of May. 35-30% real target.
bowtrix
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@harchenko93, he doesn't know about the waves... but you are right.