Long

Updated

Dominance & Altcoins

- This graph is purely based on fibonacci law.
- 61.8% is the core of the system ( check rectangles in graph to get it )
- Most of long term traders not even look at the price.
- they just wait the good time to buy using Fibo.

- in 2016 BTC was almost 100%. Altcoins were inexistant. (less than 2% of the market with ETH)
- in 2021 BTC Dominance pushed to 75% (altseason followed the push)
- in 2024 we could see BTC dominance knocks 60% ish ( Altseason will follow )

- BTC is maturing.
- Cryptos are growing.
- Don't look too much at your altcoin wallets.

- Most of the time the story repeats itself.

- Respect the cycle, be patient and eat noodles!

Happy Tr4Ding !

Note

- i made this Dominance graph in October 2022.
- Read it and understand it.

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👀

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Something important to add about this charts :

- don't follow or believe in my fractals, they are just here to "Show the way" and try to indicate some potential movements.

- it's really hard to define "Timing" and "Push" with Cryptos.

- All movements can be fast and unpredictable in those markets.

- All movements can go higher or lower and sooner or later.

- Don't forget that Trading is just trying to predict the future with all informations we got in the past.

Happy Tr4Ding !

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Trade active

Still on road.

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57% Reached. Don't check your Altcoins prices, check BTC.D better.

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Hodl :P

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👀

Trade active

58% Dom

Trade active

my fractals are just correct because of luck. keep this in mind.

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new chart here :

Trade active

59.50% BTC.D

Trade active

60% reached.

Note

- if BTC push more in Dominance, the next critical target should be around 66% (78.6 FIbo).

- Charge your altcoins bags..

thecryer

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thecryer