DOMINANCE OF BITCOIN 🤯
📉 Bitcoin Dominance Update 📈
🔸Well Bitcoin Dominance did how I anticipated and Altcoins are having some best times of their lives. Everyone is fomoing thinking they'll multiply their portfolio overnight. Well guess what, here lies the Btc Dominance's Area of Interest.
🔸I can see many influencers calling it the ultimate Alt season & calling for dominance to doom towards 40 directly. Such Analysts are either to stupid to see the bigger picture or really fool their userbase. Don't get trapped by such shams
🔸 Coming to any analysis, I Can see 2 scenarios:-
🟩 Either btc.d go from current levels (55) to 58 zone for bearish retest, then went to 54-53 levels and we have more firecrackers in Altcoins before it starts climbing up (Green Scenario)
Or
🟥 Dominance makes the local bottom here between 54-55. We may have a week or more of Altcoins fireworks before the reality check to noob over-leverage overtraders (Red Scenario)
🔸 Either way, I am expecting Bitcoin to take control again later December & Dominance to have that final leg up above 62, soak all the blood from alts and pump alone with some Trendy alts only.
🔸 IMO, corrections will happen with in 2 weeks and a flash crash is likely to happen inducing a massive liquidation crash across Altcoins.
You can use those as an opportunity to get into the markets only if you have some liquidity to buy dips. Treat them as blessing
🔸Personally, I've booked 60% Profits on my Altcoins and the rest are my Hodl bags. I'll buy the dip and inform you guys. Won't short Altcoins here as they might have a few last days of exit pumps & don't want to end up being on the wrong side but I'm ready to miss these final few gains to preserve my capital
This is my honest advice. The final choice will be yours though.
Love
~@Akuma Crypto
#BNBHitsATH #Share1BNBDaily #ThanksgivingBTCMoves #XRPTrends #BTC100Ksoon $BTC
