Is Bitcoin Dominance gearing up for a move ? And What about ALTS
Many are asking "When will #Bitcoin push again"
And while it is impossible to say , we can get pointers from charts and the BTC.Dominance Chart here gives us an idea that BTC.D will meet Support next week, around Last week April / 1st week of May
Its a good idea to understand that just because BTC.D Rises, BTC does not always follow but the combination of the two, what ever they do, Gives us a very Good idea of where ALTS will go.
Assuming BTC.D will rise next week
BTC.D increases - BTC increases - ALTS Drop
BTC.D increases - BTC Decreases - ALTS Drop rapidly
BTC.D increases - BTC Stable - ALTS Stable
On the whole, when BTC.D rises, it is not good for ALTs.
Makes sense if you realise when BTC.D rises it is because money flow is into BITCOIN.
BUT - >
BTC.D Decreases - BTC Increases - ALTS increase Rapidly.
BTC.D Decreases - BTC Decreases - ALTS Decreases / stable
BTC.D Decreases - BTC Stable - ALTS increase.
So, ALL to watch for over the next week or so.
And while it is impossible to say , we can get pointers from charts and the BTC.Dominance Chart here gives us an idea that BTC.D will meet Support next week, around Last week April / 1st week of May
Its a good idea to understand that just because BTC.D Rises, BTC does not always follow but the combination of the two, what ever they do, Gives us a very Good idea of where ALTS will go.
Assuming BTC.D will rise next week
BTC.D increases - BTC increases - ALTS Drop
BTC.D increases - BTC Decreases - ALTS Drop rapidly
BTC.D increases - BTC Stable - ALTS Stable
On the whole, when BTC.D rises, it is not good for ALTs.
Makes sense if you realise when BTC.D rises it is because money flow is into BITCOIN.
BUT - >
BTC.D Decreases - BTC Increases - ALTS increase Rapidly.
BTC.D Decreases - BTC Decreases - ALTS Decreases / stable
BTC.D Decreases - BTC Stable - ALTS increase.
So, ALL to watch for over the next week or so.
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