Bitcoin Dominance is the key chart and it can be as tricky as it gets...
We see MAJOR Resistance right now at 45% and this is the second time it is put to the test.
If it breaks higher then BAD news for Altcoins (not necessarily for Bitcoin).
If again it gets rejected and eases lower towards 42% or lower then Great news for Altcoins.
On the chart you can see how we had a Bull Run in 2021 (orange level) when tis level dropped from 70% to 40%
So, if you want a 'Bull Run' and a major recovery on our ALTs then this is the chart you want to see lower.
I am also in this category but Bitcoin is my main asset, my preferred trade and Alts are secondary. That is just my opinion.
One Love,
the FXPROFESSOR
We see MAJOR Resistance right now at 45% and this is the second time it is put to the test.
If it breaks higher then BAD news for Altcoins (not necessarily for Bitcoin).
If again it gets rejected and eases lower towards 42% or lower then Great news for Altcoins.
On the chart you can see how we had a Bull Run in 2021 (orange level) when tis level dropped from 70% to 40%
So, if you want a 'Bull Run' and a major recovery on our ALTs then this is the chart you want to see lower.
I am also in this category but Bitcoin is my main asset, my preferred trade and Alts are secondary. That is just my opinion.
One Love,
the FXPROFESSOR
📣 Telegram: t.me/fxprofessor88
🌍 fxprofessor.com
📊 Trade responsibly or don't trade at all. Develop skills and experiences, work, save, invest and THEN trade if you dare at all!
I am happy to be part of the Trade Nation's Influencer 🌟🤝📈
🌍 fxprofessor.com
📊 Trade responsibly or don't trade at all. Develop skills and experiences, work, save, invest and THEN trade if you dare at all!
I am happy to be part of the Trade Nation's Influencer 🌟🤝📈
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.
📣 Telegram: t.me/fxprofessor88
🌍 fxprofessor.com
📊 Trade responsibly or don't trade at all. Develop skills and experiences, work, save, invest and THEN trade if you dare at all!
I am happy to be part of the Trade Nation's Influencer 🌟🤝📈
🌍 fxprofessor.com
📊 Trade responsibly or don't trade at all. Develop skills and experiences, work, save, invest and THEN trade if you dare at all!
I am happy to be part of the Trade Nation's Influencer 🌟🤝📈
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.