Daimonik

Bitcoin Dominance Cycles

Long
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Cycles guys, Cycles cycles cycles...
CYCLE 1 = JAN 2018 to SET 2019 = 85 weeks
Following the cycle top of 2017 bitcoin dominance rouse as investor took profits in bitcoin, ALT COINS LOST VALUE AGAINST BITCOIN (+105%)

CYCLE 2 = SET 19 TO MAY 21
Bitcoin Dominance has lost -45% over 89 Week, ALTS COINS OUT PERFORMED BITCOIN

CYCLE 3 = JUNE 21 TO JAN 2022
This is a prediction that from this point on, Bitcoin will go all the way up to 70% to 80% of dominance as Alt coins bleed against bitcoin... why?
Reason 1 = Institutional investors are mostly looking from a store of value like Bitcoin.
Reason 2 = Nations and states will put Bitcoin on their balance sheet
Reason 3 = The markets are over exposed with uneducated, speculators and gamblers, These people will be shaken out.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.