A Step-by-Step Guide! As you all know, my goal is to provide useful insights so you can grow your knowledge and money in this crypto world with me. Today, we’re tackling a question I’ve been asked a lot: “When will this dip finally be over?”
Every post I write is packed with knowledge and insights from my 3+ years of experience in crypto trading. I’ve spent years in the market understanding how BTC Dominance and altcoin market cap trends affect each other, and today, I’ll break it all down for you step by step.
If you learn something new or find value in this post, do me a small favor—like, repost, or drop a comment! Your support keeps me going, helping me share these tips. 🙌
Why Are Altcoins Dumping?
To understand why altcoins are in a dip, let’s first look at BTC Dominance means how much of the crypto market is taken up by Bitcoin compared to altcoins.
When BTC Dominance rises, it means money is flowing out of altcoins and into Bitcoin. Think of the crypto market as a pie: the bigger Bitcoin’s slice, the smaller the slices for altcoins.
Why does this happen?
Market Confidence in Bitcoin: Bitcoin is seen as safer during uncertain times.
Liquidity Shifts: Traders move their funds to Bitcoin when they expect its price to grow.
Altcoin Fear: When altcoins start losing value, panic selling accelerates the drop.
BTC Dominance and Altcoins The Connection
BTC Dominance and altcoins are like a seesaw when BTC Dominance rises, altcoins lose ground. But when BTC Dominance hits a resistance level and reverses, it creates a chance for altcoins to recover.
Right now, BTC.D is approaching a key resistance zone at 57.9%-58%, which could signal a reversal.
When these two levels align BTC.D at resistance and support that’s when altcoins might stop bleeding.
When Will Altcoins Stop Bleeding?
To predict an altcoin recovery, keep an eye on these two factors:
BTC.D Resistance: Watch for BTC.D hitting 57.9%-58% and getting rejected. This will indicate money flowing back into altcoins.
When these signals align, it’s time to consider re-entering the market.
My Advice for This Market
Here’s what I suggest based on years of experience:
Patience is Key: Dips and recoveries are normal in crypto cycles. Don’t let emotions take over.
Watch Key Levels: BTC.D resistance and support are your best indicators for altcoin movements.
Prepare for Opportunities: When these levels align, focus on strong altcoins with solid fundamentals.
A Tip for Beginner Traders
Keep learning!.
What is Next?
Right now, it seems like there’s still some more blood left in the market. But as BTC.D nears resistance and approaches support, opportunities are brewing.
If this post helped you understand the market better, let me know by liking, commenting, or sharing! Your engagement keeps me motivated to share more insights like these"
