LIVEWealthstreet
--
Bullish
"WHY ARE ALTCOINS NOT PUMPING?"
"BITCOIN IS AT $72,000"
The answer is simple:
Bitcoin Dominance.
Right now, Bitcoin Dominance is around 60%.
This means 60% of the entire money invested in all of Crypto is in Bitcoin.
The #Altseason you are waiting for will occur when Bitcoin Dominance loses the current uptrend and starts going down significantly.
You can expect this to happen after $BTC breaks new ATH's and begins to go sideways for a while.
Then, all of the liquidity will flow to Altcoins.
5-10x returns in a matter of weeks (more for elite Altcoins).
It's what happened in the past few cycles.
And it's exactly what will happen again.
When will the Bitcoin Dominance reverse?
Well, based on historical support levels - around 60-65% can be expected for a peak in dominance.
So, we are very close, or pretty much there already (0-5% to go).
And based on past cycles - around 40-45% can be expected for the end of the cycle target of Bitcoin Dominance.
That's when you should have taken all profits and fully exited the market by.
Pain and accumulation is almost over.
All eyes are on Bitcoin Dominance for #Altseason to commence 👁️#CryptoPreUSElection #AltcoinInvesting
"BITCOIN IS AT $72,000"
The answer is simple:
Bitcoin Dominance.
Right now, Bitcoin Dominance is around 60%.
This means 60% of the entire money invested in all of Crypto is in Bitcoin.
The #Altseason you are waiting for will occur when Bitcoin Dominance loses the current uptrend and starts going down significantly.
You can expect this to happen after $BTC breaks new ATH's and begins to go sideways for a while.
Then, all of the liquidity will flow to Altcoins.
5-10x returns in a matter of weeks (more for elite Altcoins).
It's what happened in the past few cycles.
And it's exactly what will happen again.
When will the Bitcoin Dominance reverse?
Well, based on historical support levels - around 60-65% can be expected for a peak in dominance.
So, we are very close, or pretty much there already (0-5% to go).
And based on past cycles - around 40-45% can be expected for the end of the cycle target of Bitcoin Dominance.
That's when you should have taken all profits and fully exited the market by.
Pain and accumulation is almost over.
All eyes are on Bitcoin Dominance for #Altseason to commence 👁️#CryptoPreUSElection #AltcoinInvesting
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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