#Bitcoin Dominance Update:-
$BTC dominance currently trading at 46%
Which is Above resistance level.
Mean to say that this area is not good for Altcoins.
This Red Zone area is Dangerous for Altcoins.
Mean This Breakout is in High time frame so Next Resistance is 50%
We can see more 20-30% altcoins drop from Current price if Dominance continues Rise.
When Relief from Blood bath..?
When Dominance hit 50% then we can see some Altcoins sessions.
Above 44.80% bearish for altcoins.
Trade with proper stop loss.
I am Bearish Side above 45% Dominance level.
Support:- 44.60%
Resistance:- 50%
$BTC dominance currently trading at 46%
Which is Above resistance level.
Mean to say that this area is not good for Altcoins.
This Red Zone area is Dangerous for Altcoins.
Mean This Breakout is in High time frame so Next Resistance is 50%
We can see more 20-30% altcoins drop from Current price if Dominance continues Rise.
When Relief from Blood bath..?
When Dominance hit 50% then we can see some Altcoins sessions.
Above 44.80% bearish for altcoins.
Trade with proper stop loss.
I am Bearish Side above 45% Dominance level.
Support:- 44.60%
Resistance:- 50%
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