BTC Dominance and Altcoins situation May 23, 2021
What you read below is what I expect:
BTC.D will resist when it get to 50 then like what happened before in 2018, It falls to 40 again
USDT dominance is near to its All time high resistance which is 4.90 level, It's a good news
Alt coins dominance is near to its support which is 12.18 level, it is good news too
If all of this happen then altcoin will grow for like 1-2 month. Last time this situation happened in April 2018, ETH rose more than %100
I wish I could show you guys what I can see on BTC.D, OTHERS.D, Total Market Cap, ETHUSDT and BTCUSDT Charts together.
BTC.D will resist when it get to 50 then like what happened before in 2018, It falls to 40 again
USDT dominance is near to its All time high resistance which is 4.90 level, It's a good news
Alt coins dominance is near to its support which is 12.18 level, it is good news too
If all of this happen then altcoin will grow for like 1-2 month. Last time this situation happened in April 2018, ETH rose more than %100
I wish I could show you guys what I can see on BTC.D, OTHERS.D, Total Market Cap, ETHUSDT and BTCUSDT Charts together.
