Today we would like to discuss such an important index as btc dominance. It gives information about what will grow faster in the near future - bitcoin itself or other alrcoins. This index is an indicator of the start of the altcoin season.
So what do we have?
Analyzing BTC dominance is nothing better (in our opinion) than the Elliot Wave Theory. The impulse wave began more than a year ago, and most likely has not yet ended. Considering the markup on the graph, wave 5 still is not over. Consequently, the dominance of Bitcoin will still grow. The only question remains is whether domination will continue to grow directly from current levels, or it will begin to grow after a slight correction.
Want to see more detailed analytics from us? Then support this idea with a like and subscription, and we will release an update for you! :)
So what do we have?
Analyzing BTC dominance is nothing better (in our opinion) than the Elliot Wave Theory. The impulse wave began more than a year ago, and most likely has not yet ended. Considering the markup on the graph, wave 5 still is not over. Consequently, the dominance of Bitcoin will still grow. The only question remains is whether domination will continue to grow directly from current levels, or it will begin to grow after a slight correction.
Want to see more detailed analytics from us? Then support this idea with a like and subscription, and we will release an update for you! :)