Real crypto currency Gurler knows that when BTC.D relaxation gains stabilizing, the bull of Altcoin has begun. In the last 24 hours, we have seen rise in some large subcoins due to the news flow. For example XRP Coin He took back $ 3.3 because the case was over. ETH has exceeded $ 4,000 with the last 5 billion dollars of purchasing. Well Bitcoin $116,835.04 Has the expected news came for market domination?
Bitcoin market domination
The first big signal today ETHBTC The parity came with the beginning of the closing above 0.034 level, and the price of ETH began to target the threshold of $ 4,100. While only a few dollars are left, there are about 3 hours of daily closing. So Eth may have started that day, which has been expected for a thousand days.
Swissblock also drew attention to the appearance of BTC.D in today’s assessment and wrote;
“Bitcoin Dominance at a turning point. BTC.D tests the long -term rise channel (yellow lines) with decreasing volume and weakened momentum. Breaking the support (Red Flat) will take place for the first time for more than 2 years and will accelerate a complete subcoin bull. ”
This is exactly what we expect, let the acceleration in the BTC.D decline trend and the capital return to the subcoins while the Bitcoin dominance in the market weakens.
Altcoin bull
When the BTC starts to offer larger earnings opportunities, people begin to invest in subcoins. While the BTC remains largely constant, the capital increases as the capital enters the subcoins and the BTC.D declines. Since the liquidity in subcoins is much more shallow, a small input has a great consequences. This enables us to see abnormal rise in liquidity. altcoin forms the bull.
Moreover, an analyst named sykodelic_ pseudonym is current Eth He says the graphic appearance cannot be better. So we can have the most perfect conditions for the rise.
“Ethereum
$3,916.76 The graph could not rise more. This graph can rise much more before overheating. I don’t care if we’re going to have a short -term drop before a real break towards ATH. Direction up. “
Your crypto coins The total market value is moving towards 4 trillion dollars. The daily volume increased by 17 percent at $ 180 billion. According to BTCD CMC data, it decreases below 60 %and the fear index is at 59. Trump’s latest statements are not of the kind that would increase tension with Russia and were not feared for Friday. So there is a relatively available environment for the weekend rise.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
