Bitcoin Dominance Analysis Update (12H)
This analysis is an update of the analysis you see in the "Related publications" section
The price reached the green zone and is now pumping. We anticipate the start of a drop and an alt-season from the upper red zone.
Note that, in terms of price, we consider this area to be the peak of Bitcoin dominance. However, in terms of timing and the number of times this level is tested, there is no certainty. This means that when Bitcoin dominance reaches the upper red level, you can enter altcoins. However, altcoin fluctuations might increase, and it could take some time, as the market maker might cause some turbulence before the main move.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
The price reached the green zone and is now pumping. We anticipate the start of a drop and an alt-season from the upper red zone.
Note that, in terms of price, we consider this area to be the peak of Bitcoin dominance. However, in terms of timing and the number of times this level is tested, there is no certainty. This means that when Bitcoin dominance reaches the upper red level, you can enter altcoins. However, altcoin fluctuations might increase, and it could take some time, as the market maker might cause some turbulence before the main move.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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