BTC.D, dominance is going down! Is ALTSEASON coming soon?
Updated
Bitcoin dominance (BTC.D) is falling, which means that altcoins are starting to pump!Do you want to know why this happens?
The global situation shows that we should expect an Altseason. The price (%) broke the long-term channel, which has been building for more than 2 months. Such global patterns also lead to global movements on the chart in the short term.
Also, the price tested channel as a resistance, which is a bearish signal and a trigger for Altcoin growth.
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
The global situation shows that we should expect an Altseason. The price (%) broke the long-term channel, which has been building for more than 2 months. Such global patterns also lead to global movements on the chart in the short term.
Also, the price tested channel as a resistance, which is a bearish signal and a trigger for Altcoin growth.
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Note
Note
In one month, Bitcoin rose by 16% to $48,000. We see that 3/4 of altcoins have grown more than Bitcoin:
1. Cardano (ADA) +35%
2. Dogecoin (DOGE) +50%
3. Near Protocol (NEAR) +82%
4. Only BNB have grown as well as BTC +16%!
That's why it's important to pay attention to Bitcoin's dominance ( BTC .D). It can be an additional indicator to open a trade!
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