CryptoPatel

Bitcoin Dominance ( Altcoins More Dump Soon So Be Ready )

Long
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Bitcoin Dominance Chart Update:-

BTC Dominance currently trading at 43.80%
And this area is Perfect Retest Area as I already mentioned in Previous Post also.

So Now I am expecting Upward move toward 50% Dominance Level.

So If Bounce and Go toward 50% then Altcoins will be bearish and One More Bloodbath can expect.

So If Dominance Above 43% then Not good For Altcoins.
Below 43% We can expect Altcoins sessions but Not Not good so Stay away from Altcoins.

But One more thing I am tracking at this Time.
If Dominance will increase then Bitcoin Price move Up Side.

Mean Currently Bitcoin Dominance = Proportional to Bitcoin Price.

Red Area = Blood Bath in Altcoins.

Below Red Zone= Good For Altcoins.

Resistance:- 48%/56%/62%
Support:- 43%


Keep watch before open any trades.

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