Bitcoin Dominance is Getting Ready to Pump! - Alert for Altcoins

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Bitcoin Dominance has not been going down until March 2023. It seem stable at 47%. It is drawing pump pattern until this time.. Here you can see daily chart of Bitcoin Dominance and there is downtrend line on RSI Indicator.

While RSI Indicator is going down, Dominance seems stable. It means, It is correction of Dominance before pump. Fisher Indicator is also ready for pump..

Ekran Resmi 2023-05-16 21.47.24.png

I am sure that we will see the pump of Dominance and It will break up 50%.. It is bad news for altcoins.

Here you can see weekly chart of Bitcoin. Bitcoin price may down down for a few weeks. Indicators are on the top and reversed. So, we may see dramatically dumps for altcoins..

Ekran Resmi 2023-05-16 21.48.21.png

I will not buy altcoins until September.. I am waiting for the bottom.

We will see..

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Thanks for the overview! It will be hard for altcoins to hold their ground when Bitcoin dominance increases.

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