📈BTC.D: money flows into BITCOIN!
Hi friends! 📈The Bitcoin dominance is growing as we see on the chart. It always happening when BTC falls by 40-60% from it`s ATH. But why does it happen? Let's get to the bottom of this!
Actually, Dominance shows us where the traders keep their money. If Bitcoin dominance fall that means money flows into ALTs. If Bitcoin dominance grow money from altcoins flow into Bitcoin.
💹🚩But why it happen when Bitcoin fall? It depends on psychology of the BTC and ALTs hodlers and traders. Altcoin traders and holders are mostly retail. What is their main characteristic? The lack of a trading plan, which when Bitcoin is fall by 60% and Altcoins down by 90% forces them to sell all their crypto. Meanwhile, Bitcoin's holders are large funds, global companies, and countries. At times like this, they have an opportunity to buy (liquidity) of $1-2 billion and they are happy to do so. Number of BTC buyers and ALTs sellers are growing. So the dominance is growing too.
🚩As expected, Domination has broken through the trend line and is on its way to the main target - 50%.
✅Stay tuned for updates so you don't miss the moment when altcoins start to rise.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Actually, Dominance shows us where the traders keep their money. If Bitcoin dominance fall that means money flows into ALTs. If Bitcoin dominance grow money from altcoins flow into Bitcoin.
💹🚩But why it happen when Bitcoin fall? It depends on psychology of the BTC and ALTs hodlers and traders. Altcoin traders and holders are mostly retail. What is their main characteristic? The lack of a trading plan, which when Bitcoin is fall by 60% and Altcoins down by 90% forces them to sell all their crypto. Meanwhile, Bitcoin's holders are large funds, global companies, and countries. At times like this, they have an opportunity to buy (liquidity) of $1-2 billion and they are happy to do so. Number of BTC buyers and ALTs sellers are growing. So the dominance is growing too.
🚩As expected, Domination has broken through the trend line and is on its way to the main target - 50%.
✅Stay tuned for updates so you don't miss the moment when altcoins start to rise.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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