Averonex
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As previously said that once btc breaks the resistance Altcoins will pump... Since on a daily candle Btc has maintained a stable position ... The probability of Altcoins dumping is low... Beware of shorts.
binance is delisting the coin and making a huge money out of it by shorting it.
most irritating and frustrating aspect . this mf isn't going down for months .
and hence BTC dominance has not much influence on Altcoins. Altcoins pumped but dominance remains ATH.
#BTCDOMINACE #btc
#BTCDOMINACE #btc
Lesson number 69- it's not always the BTC dominance that decides the Altcoin market. people believe that BTC dominance will soon dumb and they will see huge Altcoin movement because people will sell their btc and put it into Altcoins. if you look at today's BTc dominance chart, it has barely moved but still Altcoins pumped.
#btc
good news - Btc dominance is falling
bad news - btc is falling too....
conclusion - no Altcoins pumps
good news - Btc dominance is falling
bad news - btc is falling too....
conclusion - no Altcoins pumps
The scary thing about this is that, the Btc is still in its high zone but Altcoins are already making their all time low.
imagine what would happen if btc fell to 40k range ...
imagine what would happen if btc fell to 40k range ...
#btc
currently it broke its trendline after getting rejection from a major High. it retested the yellow resistance and bounced back from that position . in my opinion weekly it looks bullish. Monthly it looks bearish. It will continue to go till it's lowest resistance (marked in the chart).... it is the best buying place.
what's most surprising is the fall of Altcoins. The only reason is that the investors doesn't believe in those projects for a long time. That's why they took the profit and exits the market .
currently it broke its trendline after getting rejection from a major High. it retested the yellow resistance and bounced back from that position . in my opinion weekly it looks bullish. Monthly it looks bearish. It will continue to go till it's lowest resistance (marked in the chart).... it is the best buying place.
what's most surprising is the fall of Altcoins. The only reason is that the investors doesn't believe in those projects for a long time. That's why they took the profit and exits the market .
#Btc bounced back from 60k.... Still hasn't broken it's resistance. Btc dominance has started falling after creating an ATH. If dominance keeps falling which I expect it too, then we can see huge pumps in Altcoins . For that to happen BTC needs to remain above resistance .
keep an eye on new coins Like saga, wup, wif, tnsr, tao, ena. Don't use leverage trading for now.
keep an eye on new coins Like saga, wup, wif, tnsr, tao, ena. Don't use leverage trading for now.
people crying over the fact that btc dumped . in my opinion it's just taking correct and doing sideways movement . it has dropped 5-8% few weeks earlier too. what makes it so fascinating is that, Altcoins bled hard. we can see 20-40% dump in the Altcoins which hasn't happened for many months. Btc is still in range. I still believe that btc will be doing a sideways movement like in the graph. Btc dominance has risen a lot which is surprising to me and feels manipulated and reason for Altcoins dump.
apparantly this is the reason why altcoins dumped super hard . us is increasing the interest rates and it lead to btc dump. Although btc has still not broken through the trend line and the resistance . im still bullish on btc unless it breaks the trend line . it's really good time to buy the Altcoins in spot.
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