Hi,
The blue chart is the 4-hour bitcoin dominance from January 16.
All small fish see highs as selling opportunities. -Purge of impatient little fish- 39K is a level we get rid of them. Now the price will search the bottoms to find its new buyer. Afterwards, I think that the quickly lost levels will be regained. Smart money will create FOMO if it plans one last hit here. If people fleeing inflation data want to protect their money, they should be given a more cautious emerging market. So what does the market maker want? Although it is impossible to know, they are whispering to us about the bitcoin dominance.
If we see bitcoin price rising while bitcoin dominance is falling, that would be an excellent signal for altcoins.
It is not investment advice, take it easy.
The blue chart is the 4-hour bitcoin dominance from January 16.
All small fish see highs as selling opportunities. -Purge of impatient little fish- 39K is a level we get rid of them. Now the price will search the bottoms to find its new buyer. Afterwards, I think that the quickly lost levels will be regained. Smart money will create FOMO if it plans one last hit here. If people fleeing inflation data want to protect their money, they should be given a more cautious emerging market. So what does the market maker want? Although it is impossible to know, they are whispering to us about the bitcoin dominance.
If we see bitcoin price rising while bitcoin dominance is falling, that would be an excellent signal for altcoins.
It is not investment advice, take it easy.
