Yuriy_Bishko

BTC Dominance - what to do with altcoins 😱

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Bitcoin is going down. At the same time, bitcoin dominance is going upwards. This is bad for altcoins. It is very likely that BTC will continue to decline and could collect stop losses below the local low of $42,850. At the same time, altcoins will fall several times harder.
Before that, bitcoin domination has broken and tested the trend line as support. BTC.D has now broken the important level of 41. The dominance could go further in the marked scenario.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade

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