Bitcoin Dominance - dictating alt bear market
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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.