While BTC has been the dominant crypto-currency in both capitalization and percentage growth, we expect this to change in the short term, or the so-called "alt season" appears to be in its very early stages. Bitcoin's dominance registered a temporary high near 73 and we are now likely headed back towards the prior fourth-wave low of 52 (chart 1). Meanwhile, alt's dominance likely completed a downside correction near 5 and it is now headed to new highs in wave ((5)) - a terminal move. During this wave, we expect many of the altcoins to outperform bitcoin. If prices are rising, alts should rise faster than bitcoin and vice versa.
Tip: The coins with the largest cap usually have the highest liquidity, which is key if you want to trade the market. What good it is if you have a winner but cannot liquidate your position. Coins with a market cap below 100 million USD are not advised.
Disclaimer: This is not trading advice! I am merely expressing my opinion, utilizing the Wave Principle as my main tool. You should always do your own research before risking your hard-earned money. The opinion expressed in this post is for educational purposes only!
Tip: The coins with the largest cap usually have the highest liquidity, which is key if you want to trade the market. What good it is if you have a winner but cannot liquidate your position. Coins with a market cap below 100 million USD are not advised.
Disclaimer: This is not trading advice! I am merely expressing my opinion, utilizing the Wave Principle as my main tool. You should always do your own research before risking your hard-earned money. The opinion expressed in this post is for educational purposes only!