WHY ALT-COINS ARE DUMPING!!?
hello to everybody and welcome back for another analysis.
today is kinda different and we are gonna talk about BTC dominance and the impact it can have on the alternate coins and it's very important.
the reason that the alt-coin market has been all red is actually because of the BTC dominance that is going towards the 60% market cap, and on the other side the BTC price itself is dropping significantly and this alone can cause a huge dump in alt-coin markets.
so be very careful these days for any long entry and manage your risks.
for all holders that want to buy any alt-coins, I suggest that they wait for the dominance to drop and maybe they can consider buying.
Remember, this is not financial advice; it is just my personal opinion that I wanted to share with you all.
THX for reading and have a great day.
today is kinda different and we are gonna talk about BTC dominance and the impact it can have on the alternate coins and it's very important.
the reason that the alt-coin market has been all red is actually because of the BTC dominance that is going towards the 60% market cap, and on the other side the BTC price itself is dropping significantly and this alone can cause a huge dump in alt-coin markets.
so be very careful these days for any long entry and manage your risks.
for all holders that want to buy any alt-coins, I suggest that they wait for the dominance to drop and maybe they can consider buying.
Remember, this is not financial advice; it is just my personal opinion that I wanted to share with you all.
THX for reading and have a great day.
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.
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.