ðĨðĒBTC.D: retail traders sell alts in a panic! Time to buy?
āļāļĩāđāļāļąāļāđāļāļ:
ðBitcoin's dominance has grown to 45%, while most altcoins have fallen by 75-90% from their ATH. One Lunað lost $18 billion in capitalization. Why do we need this dominance and how it helps to increase the win rate? I'll explain it in this idea.
ðžWhat is dominance? Bitcoin dominance is the ratio of the capitalization of the major cryptocurrency ( BTC ) to the total capitalization of cryptocurrencies. Simply put, % of Bitcoin's capitalization in the TOTAL capitalization of the crypto market (Bitcoin+Altcoins). Now it`s 45%.
ðđWhat does dominance help to identify? As we can see from the 8% dominance growth, altcoins are getting weaker. But why does this happen? It is because of the panic of retail traders. In search of a quick profit and investing all their depo in altcoins without any analysis, they have lost significant capital and are trying to sell them as fast as possible despite the 90% fall of alts.
â The key level of 50%, when the value of all altcoins=the value of all Bitcoins, will be the huge resistance to Dominance. Bitcoin can reach that level if it can drop to $23-25k and all retail investors finally panic sell off their alcoins, pushing the price down. That would be the best place to buy, but I'll tell you about that later.
ðLet me know if you want to know more about altseasons: why and when it`s happen? Altseason is the best opportunity to grow your deposit.
ðŧFriends, press the "like"ð 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.
ðžWhat is dominance? Bitcoin dominance is the ratio of the capitalization of the major cryptocurrency ( BTC ) to the total capitalization of cryptocurrencies. Simply put, % of Bitcoin's capitalization in the TOTAL capitalization of the crypto market (Bitcoin+Altcoins). Now it`s 45%.
ðđWhat does dominance help to identify? As we can see from the 8% dominance growth, altcoins are getting weaker. But why does this happen? It is because of the panic of retail traders. In search of a quick profit and investing all their depo in altcoins without any analysis, they have lost significant capital and are trying to sell them as fast as possible despite the 90% fall of alts.
â The key level of 50%, when the value of all altcoins=the value of all Bitcoins, will be the huge resistance to Dominance. Bitcoin can reach that level if it can drop to $23-25k and all retail investors finally panic sell off their alcoins, pushing the price down. That would be the best place to buy, but I'll tell you about that later.
ðLet me know if you want to know more about altseasons: why and when it`s happen? Altseason is the best opportunity to grow your deposit.
ðŧFriends, press the "like"ð 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.
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Get access to the private club with VIP signals
ð bit.ly/vip_bikotrading
ð·Telegram ð t.me/+ICrmLIneDmRiYjIy
ð·YouTube ð bit.ly/YouTube__Lessons
ð bit.ly/vip_bikotrading
ð·Telegram ð t.me/+ICrmLIneDmRiYjIy
ð·YouTube ð bit.ly/YouTube__Lessons
āļāļēāļĢāļāļģāđāļŠāļāļāļāļĩāđāđāļāļĩāđāļĒāļ§āļāđāļāļ
āļāļģāļāļģāļāļąāļāļŠāļīāļāļāļīāđāļāļ§āļēāļĄāļĢāļąāļāļāļīāļāļāļāļ
āļāđāļāļĄāļđāļĨāđāļĨāļ°āļāļāļāļ§āļēāļĄāđāļĄāđāđāļāđāļĄāļĩāļ§āļąāļāļāļļāļāļĢāļ°āļŠāļāļāđāđāļāļ·āđāļāļāđāļāđāļŦāđāđāļāļīāļāļāļīāļāļāļĢāļĢāļĄāļāļēāļāļāļēāļĢāđāļāļīāļ, āļāļēāļĢāļĨāļāļāļļāļ, āļāļēāļĢāļāļ·āđāļāļāļēāļĒ, āļāđāļāđāļŠāļāļāđāļāļ° āļŦāļĢāļ·āļāļāļģāđāļāļ°āļāļģāļāļĢāļ°āđāļ āļāļāļ·āđāļ āđ āļāļĩāđāđāļŦāđāļŦāļĢāļ·āļāļĢāļąāļāļĢāļāļāđāļāļĒ TradingView āļāđāļēāļāđāļāļīāđāļĄāđāļāļīāļĄāļāļĩāđ āļāđāļāļāļģāļŦāļāļāļāļēāļĢāđāļāđāļāļēāļ