most of you only focus on price movement while ignoring some other important factors, like Bitcoin's dominance and your altcoin bag depends on how much Bitcoin is dominating crypto space.
here in above chart you see Bitcoin dominance has already broken the downtrend channel on 21st Oct, even before Xi Jinping's statement and looks like its all set to get back in action.
however its a really good news for Bitcoin but seriously bad news for altcoins as most of people holding their alt bags in hope of a new altseason, if Bitcoin keeps continue to dominate than they'll surely disappoint
my custom indicator has clearly given green signal for Bitcoin dominance. moved from orange zone to pink one's giving strength for the next rally
so for now looks like king is waking up once again to show whose the boss better you set your stop losses, and play safe...
thanks for reading, this is Husain Zabir signing out...