DU09

BTC Dominance - Alt season to end? 😓

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
BTC Dominance has dropped 30% since December 2020... and all that money went into alts... look at XRP, DOGE, even Vertcoin lately... lol.

Question now is... is the music and party in alts going to stop or will it continue. Looks like a decisive moment if you ask me.

Should BTC bounce here and push higher, party is over and money is going to flow back into the King. If, however, we continue to fall, I can see alts continuing to PUMP. Look at Doge doing a casual 200x this year... LOL.

Anyway, the indicators on BTC Dominance would suggest we should have a stop in this drop, at least for a time. Therefore, I'd be looking to secure some profits from alts, just in case...

In any event, long term the whole market remains bullish in my eyes, but I feel, BTC will pump or if we crash, BTC will crash less than most alts, hence Dominance will flow back into BTC.

Time will tell. Hope you guys made good profits on this drop in BTC Dominance.

We will revisit this chart later. Check my BTC and ETH ideas too linked below.

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