A quick look on BTC's dominance
Hello my friends
It's been about three weeks since Bitcoin dominance declined, and as you can see in the chart above; After reacting to the Fibonacci level of 63.8, during 3 bearish candlesticks, the Fibonacci broke fibo of 50% and approached the Fibonacci level of 38.2.
Given the recent growth of bitcoin with a decrease in dominance, expect a further decline, of course, I think bitcoin has at least another upward wave and then see it fall
In other words, it can be concluded that with the decrease of dominance, the season of altcoins has arrived and bitcoin fluctuates in this range for a limited time and in the same time we can see the growth of altcoins.
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👉this Analysis is my personal opinion and you are responsible for your own trades or investment.
❤️with Best Regards and successful trades.
It's been about three weeks since Bitcoin dominance declined, and as you can see in the chart above; After reacting to the Fibonacci level of 63.8, during 3 bearish candlesticks, the Fibonacci broke fibo of 50% and approached the Fibonacci level of 38.2.
Given the recent growth of bitcoin with a decrease in dominance, expect a further decline, of course, I think bitcoin has at least another upward wave and then see it fall
In other words, it can be concluded that with the decrease of dominance, the season of altcoins has arrived and bitcoin fluctuates in this range for a limited time and in the same time we can see the growth of altcoins.
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👉this Analysis is my personal opinion and you are responsible for your own trades or investment.
❤️with Best Regards and successful trades.
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