BITCOIN vs ALTCOINS .. ??? When ALTCOINS ?

BITCOIN DOMINANCE CHART

1- Bitcoin dominance rate bottomed out in January 2018 at 35% dominance rate, and reversed for a new major Uptrend.

2- Since January 2018, BTC following uptrend Line on weekly Chart.

3- Bitcoin peaked at 72% dominance rate in October, 2019. Since then, it is consolidating and become range bound.

4- Bitcoin is ab't to break it's range sooner than later. Range lies in between 63% to 70 %.

5- Altcoin movement is uncertain until BTC dominance breaks on either way.


Recommendation

Traders and Investors should have atleast 50% bitcoins in their portfolio at this moment. If the dominance falls below 63% level, traders & Investors may convert 80% of bitcoins in Altcoins.

(Not a Financial Advice, Disclaimer on Company's official website shall apply)




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Just to let you know: I'm CEO and Chief Technical Analyst at ST Commodity Trading & Advisory Services Ltd. I am Certified Commodity Broker & Professional Trader. I've been working professionally as a Technical analyst in Forex, Commodity Markets for the last 10 years, and in Cryptocurrency Market for the last almost 3 years.





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COMMENT

24

preview not available Victoria Haruna
15 Jun

The bitcoin would be my pick anyday. ITs no longer news that the success of most of the altcoins lies solely on the Btc

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