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tomid_trade
Nov 19, 2019 3:25 PM

New altcoin rally or increasing BTC dominance? 

Market Cap BTC Dominance, %CRYPTOCAP

Description

Investing in crypto currency divides the community in 2 parties.
Either, you are focusing on Bitcoin and have a few other coins for the portfolio or you depend to party of Bitcoin doupter, who thinks, BTC is too old.
What we could see is, that BTC steps the ladder towards its old dominance.
After a period of 6 months, BTC could improve its dominance.
In fact, if we have a look on the relationship to Etherium, Ether couldn't keep up with BTC and lost its share, at the moment.
It will be exciting to see, how the market will develop heading to the upcoming event, the BTC halving.
Will there be a new momentum for the Altcoins with the upcoming media attention?
Or can convert BTC this for an old dominance?

Let me know your thoughts and leave a comment below.
Comments
nagihatoum
its a bear flag/ rising wedge, very likely will drop come december
Zenter
If There is any market cycle, Alts need to move up soon. It is time for alts now, just need a sign from one coin and ETH will be not the one to move first. It could be NEO, XVG, DOGE...
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