Farrytailofcrypto

Dominance to hit 72% before alt season starts!!!

Short
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
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4
Hi

I assume btc .d to hit 72 percent before mega alt season starts!
This is inverted chart

Comments

I was thinking its already about to start. Many people think that the ath of btc in December 2017 was an ath for all cryptos at once but they didn't peak in unison. There. was a wave across the alts as each one peaked and dropped like a wave. Xrp's ath was a week after bitcoin's and at that point it had dumped almost 50%, etherium's ath was a week after xrp.
I'm a strong believer in the crypto cycle ath wave effect, money rarely leaves the markets but gets moved around instead.
As a result anyone that believes in the 4 year cycle of bitcoin and knows it will ultimately dump as part of that natural cycle should buy some alts too. Its a great hedge because the chances of you missing btc top as an exit are actually very very high.

Good work on the chart, have a wonderful Christmas
+2 Reply
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