Altcoin Dominance excluding stables at the critical point
Hey all,
Altcoin Dominance excluding the stable coins is about to break the descending channel as same as 2020. However, 4 years ago in a very similar point the channel could not be broken and the all crypto market went down like 20-50% from their tops and then Bitcoin has started real bull run. During this real BTC bull run, many altcoins lost their values against BTC around 50-75%. After the BTC bull run, altcoins made 5-10x as average.
So, I'm holding 50% BTC and 50% alts. If a similar thing happen like in 2020, I will be happy to hold enough BTC and then convert them into altcoins at some point. So, I'll leverage BTC gains with altcoin gains as well. If not it means that descending channel to be broken and altcoins will do a really crazy rally and I'll be happy to hold 50% altcoins.
These are all my opinions and not financial advise.
Please do your own analysis.
Cheers!
Altcoin Dominance excluding the stable coins is about to break the descending channel as same as 2020. However, 4 years ago in a very similar point the channel could not be broken and the all crypto market went down like 20-50% from their tops and then Bitcoin has started real bull run. During this real BTC bull run, many altcoins lost their values against BTC around 50-75%. After the BTC bull run, altcoins made 5-10x as average.
So, I'm holding 50% BTC and 50% alts. If a similar thing happen like in 2020, I will be happy to hold enough BTC and then convert them into altcoins at some point. So, I'll leverage BTC gains with altcoin gains as well. If not it means that descending channel to be broken and altcoins will do a really crazy rally and I'll be happy to hold 50% altcoins.
These are all my opinions and not financial advise.
Please do your own analysis.
Cheers!