📈All altcoins follow ETH. What traders need to know about it
📊Now the BTC dominance is growing and close to 50%. Dominance is the % of BTC value in the entire crypto capitalization. If the 💹BTC Cap is 500B and entire 💹Crypto Cap is 
1T that`s means that BTC Dominance is 50% ((500B/1T) *100%). In the crypto market case it shows how strong Bitcoin is now and during the market crashes it`s stornger than never before. It means the alts will fall more and more because money from them flows into BTC.
🔶Check the idea why the dominance will always be in downtrend.
✅Look at ETH If you want to know in what direction altcoins will move. Remember this rule if you want to buy alts!
📊After the beginning of the bull market all the altcoins including ETH are not grow as much as Bitcoin do.
Why does this pattern occur? Actually, lot`s of alts is growing just because of hype around crypto market or updates of some altcoins events (developments, partnership, new CEO, listing at th biggest exchanges, etc.). Lot`s of newbees just buy XRP which growth less than BTC that 30 times bigger. It`s not right when there are lot`s of opportunities around you.
📈Do you need to buy(invest) the altcoins during such dumps? Actually, the best way is to buy BTC and latter when the greed return to the market sell it and buy some altcoins for part of deposit.
This tips are for experienced traders who can use risk and money management and not for guys who don`t know how to trade. Firstly, beginners need to understand what is the crypto market, it`s patterns and develop their strategy. All this staff you can find at the links below.
🏁Do you want to know where the beginning of the next altseason? If this idea get 30 comments i`ll make the next idea about the altseason and 3 tips how to buy alts in time!
💻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.
1T that`s means that BTC Dominance is 50% ((500B/1T) *100%). In the crypto market case it shows how strong Bitcoin is now and during the market crashes it`s stornger than never before. It means the alts will fall more and more because money from them flows into BTC.🔶Check the idea why the dominance will always be in downtrend.
✅Look at ETH If you want to know in what direction altcoins will move. Remember this rule if you want to buy alts!
📊After the beginning of the bull market all the altcoins including ETH are not grow as much as Bitcoin do.
Why does this pattern occur? Actually, lot`s of alts is growing just because of hype around crypto market or updates of some altcoins events (developments, partnership, new CEO, listing at th biggest exchanges, etc.). Lot`s of newbees just buy XRP which growth less than BTC that 30 times bigger. It`s not right when there are lot`s of opportunities around you.
📈Do you need to buy(invest) the altcoins during such dumps? Actually, the best way is to buy BTC and latter when the greed return to the market sell it and buy some altcoins for part of deposit.
This tips are for experienced traders who can use risk and money management and not for guys who don`t know how to trade. Firstly, beginners need to understand what is the crypto market, it`s patterns and develop their strategy. All this staff you can find at the links below.
🏁Do you want to know where the beginning of the next altseason? If this idea get 30 comments i`ll make the next idea about the altseason and 3 tips how to buy alts in time!
💻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.
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