#Bitcoin Dominance Chart Update:-
BTC Dominance currently trading at 44.33%
And this area is Perfect Retest Area.
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 43.50% then Not good For Altcoins.
But One more thing I am tracking at this Time.
If Dominance will increase then Bitcoin Price move Down Side.
Mean Currently Dominance = Inverse Proportional to Bitcoin Price.
Red Area = Blood Bath in Altcoins.
Below Red Zone= Good For Altcoins.
Resistance:- 48%/56%/62%
Support:- 43.50%
Keep watch before open any tradez
BTC Dominance currently trading at 44.33%
And this area is Perfect Retest Area.
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 43.50% then Not good For Altcoins.
But One more thing I am tracking at this Time.
If Dominance will increase then Bitcoin Price move Down Side.
Mean Currently Dominance = Inverse Proportional to Bitcoin Price.
Red Area = Blood Bath in Altcoins.
Below Red Zone= Good For Altcoins.
Resistance:- 48%/56%/62%
Support:- 43.50%
Keep watch before open any tradez
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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.