thecryer

Light at end of Tunnel

Long
thecryer Updated   
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
- So after this new Chinese FUD about EVERGRAND, you should take your habits after countless "Chinese FUDS" :D

- This a Quick update without "Price Talk", but about the most important indicator in this BullRun, " The King Dominance ".

- So i explained a in an older analyze what happens when BTCDOM up and What happens when BTCDOM Down. so check it again here :

- So the Normal ways are :

- BTC up = Dominance Down
- BTC Down = Dominance Up
- BTC Push Hard = Dominance Up
- BTC Reach a Limit Price = Dominance Down ( Peoples convert BTC to Altcoins )

- i will post in comments my older analysis about BTCDOM.


So right now what happened with this Dip? Before this dip BTC dominance was around 42%, after this 10k+ Dip, BTC dominance is 41%.
What does it mean ?

- BTC Price went down and BTC dominance went down also.

- it could means that Altcoins bag holders didn't turn their bag to BTC.

- it could also leads in a few time to a big altcoins bullrun (Witch not happened yet) when TheKing will start to grow again.

- As Always be confident, HODL, rebuy Lower, eat noodles! This is not the end but the starts.

Happy Tr4Ding !
Comment:
Older Dominance Analyze :

Comment:
Last BTC price Analyze :

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.