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

14

Ovie Stephen
15 Jun

Wow...good information...you did really well to compile this

0 REPLY

3

Aliza Gulalai
15 Jun

Good information and very good chart you make

0 REPLY

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