Bitcoins dominance can be used to help understand the market cycles and the mechanisms of money flow that happens within a cycle
Last bear market Bitcoin made a reclamation move of 77% on Bitcoin dominance. This bear market the clear target is a 20% reclamation move of dominance.
What does this mean? The ascendency of Bitcoin dominance is the indicator of a bear market for alt coins. As VC interests continuously dump for profit from vesting schedules into a market lacking retail interest the alts will get cannibilised by sell pressure as Bitcoin reclaims it's value from the market.
The move has already started and I am a firm believer tha alt coins "in general" are going to get decimated over the coming year. However there will always be stand out performers etc
Last bear market Bitcoin made a reclamation move of 77% on Bitcoin dominance. This bear market the clear target is a 20% reclamation move of dominance.
What does this mean? The ascendency of Bitcoin dominance is the indicator of a bear market for alt coins. As VC interests continuously dump for profit from vesting schedules into a market lacking retail interest the alts will get cannibilised by sell pressure as Bitcoin reclaims it's value from the market.
The move has already started and I am a firm believer tha alt coins "in general" are going to get decimated over the coming year. However there will always be stand out performers etc
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.