Crypto Bull Market Cycle, Bitcoin Dominance & Altcoins:
Maximize your profits in this bull market with this simplified guide by frmnCapital
Bitcoin Dominance (BTC.D) is Key:
Strong Uptrend:
Bitcoin dominance is currently rising, with clear higher highs and higher lows (good sign for Bitcoin!).
"Hold BTC, Add Alts on Dips"haven Phase:
Now's the time to hold onto Bitcoin while strategically buying altcoins during price dips. Bitcoin tends to hold value better during corrections, making it a safe haven.
Shifting Structure: The Altseason Signal
Dominance Watch:
Keep an eye on BTC.D. Once it reaches the 65-70% zone, it's time to consider selling some Bitcoin and buying altcoins. This could signal the beginning of altseason, where altcoins tend to outperform Bitcoin.
Profit Taking:
When dominance falls below 40%, it might be wise to sell your altcoins and convert them back to cash (USD) to secure profits.
This is a simplified cycle, and the crypto market is complex.
Always do your own research before making any investment decisions.
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