Bitcoin Dominance Chart Update:-
BTC Dominance currently trading at 43.80%
And this area is Perfect Retest Area as I already mentioned in Previous Post also.
So Now I am expecting Upward move toward 50% Dominance Level.
So If Bounce and Go toward 50% then Altcoins will be bearish and One More Bloodbath can expect.
So If Dominance Above 43% then Not good For Altcoins.
Below 43% We can expect Altcoins sessions but Not Not good so Stay away from Altcoins.
But One more thing I am tracking at this Time.
If Dominance will increase then Bitcoin Price move Up Side.
Mean Currently Bitcoin Dominance = Proportional to Bitcoin Price.
Red Area = Blood Bath in Altcoins.
Below Red Zone= Good For Altcoins.
Resistance:- 48%/56%/62%
Support:- 43%
Keep watch before open any trades.
BTC Dominance currently trading at 43.80%
And this area is Perfect Retest Area as I already mentioned in Previous Post also.
So Now I am expecting Upward move toward 50% Dominance Level.
So If Bounce and Go toward 50% then Altcoins will be bearish and One More Bloodbath can expect.
So If Dominance Above 43% then Not good For Altcoins.
Below 43% We can expect Altcoins sessions but Not Not good so Stay away from Altcoins.
But One more thing I am tracking at this Time.
If Dominance will increase then Bitcoin Price move Up Side.
Mean Currently Bitcoin Dominance = Proportional to Bitcoin Price.
Red Area = Blood Bath in Altcoins.
Below Red Zone= Good For Altcoins.
Resistance:- 48%/56%/62%
Support:- 43%
Keep watch before open any trades.
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Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Related publications
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.