BTC TO 6000$+ or Major crash ? ALT-COIN ready to Blast
Hi guys, Hope All are you well. I am sorry for being late. These days I was hunting Market. Ok< Lets talk about main topic.
If your search BTC.D on Tradingview , You will get a chart of btc dominance calculated by tradingview. I will attach a PICTURE too here
So, As you can see here we reached Btc-dominance of 58.18, for me I think market will reject the level and we will reach Dominance support at 55.86. If this happen we will see huge growth in ALT_COIN ( Approx 1.5X--2X ) In this mean time Our market-cap should increase. If dominance are decreasing and market cap not increasing we will see approx 700$--1000$ drop in BTC. But if dominance deceasing and market-cap increasing we will see healthy growth both in btc and altcoin.
Now what will happen if Market cap does not increase and dominance still continue increase ? The next resistance for 61.51 if we reach there you will see btc stable near 6000$ but altcoin will crash heavily( Approx -40% ). Why ALTCOIN crash when BTC dominance increase ? Because the rest amount in ALTCOIN get out from ALTCOIN and come to BTC. Hope you undersstand.
Stay tune....I see you tomorrow
If your search BTC.D on Tradingview , You will get a chart of btc dominance calculated by tradingview. I will attach a PICTURE too here
So, As you can see here we reached Btc-dominance of 58.18, for me I think market will reject the level and we will reach Dominance support at 55.86. If this happen we will see huge growth in ALT_COIN ( Approx 1.5X--2X ) In this mean time Our market-cap should increase. If dominance are decreasing and market cap not increasing we will see approx 700$--1000$ drop in BTC. But if dominance deceasing and market-cap increasing we will see healthy growth both in btc and altcoin.
Now what will happen if Market cap does not increase and dominance still continue increase ? The next resistance for 61.51 if we reach there you will see btc stable near 6000$ but altcoin will crash heavily( Approx -40% ). Why ALTCOIN crash when BTC dominance increase ? Because the rest amount in ALTCOIN get out from ALTCOIN and come to BTC. Hope you undersstand.
Stay tune....I see you tomorrow
