$ETH is an Alt? Isn't it? And Eth is up exactly 3x since the date $BTC dominance peaked. And most of Eth ecosystem coins like $ETHFI , $ENA, $Aero are more than 3x up. So i see what you re saying about all coins going up miraculously, it is never gonna happen. But all i am saying is BTC Dominance chart is still very very relevant and so are Eth.Dominace and Other.D charts.
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--Bullish
CRYPTO MECHANIC
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People always used to tell me that altcoins will only go up if BTC dominance goes down, and that the alt season will come when BTC dominance drops.
Now, if you look at it, BTC dominance is down by 12.47% from its top, going from 66% to 57.8%.
Now, if you compare this to altcoins, tell me what they are doing. Most altcoins are still at the same levels where BTC dominance was at 66%, and even though BTC dominance has fallen, altcoins haven't moved up. That's why I always told people not to focus so much on dominance. What will you do if dominance goes down but your altcoin doesn't rise? People never believed me before, but now you can see it's exactly what I said: BTC dominance is down, but most altcoins are still struggling.
So, I say again, forget about the alt season. It's just something influencers talk about. There are so many coins out there, you never know which one will pump. So, I always advise people to forget about alt season and do your own research to find the coins that are actually moving, that have volume, and a clear trend.
I’d say most of people just hold dead coins hoping that dominance will drop and their altcoins will rise, but only a few actually benefit from this strategy.
So, I say it again forget alt season and just trade the coins that are going up, with volume and a clear trend.
Now, if you look at it, BTC dominance is down by 12.47% from its top, going from 66% to 57.8%.
Now, if you compare this to altcoins, tell me what they are doing. Most altcoins are still at the same levels where BTC dominance was at 66%, and even though BTC dominance has fallen, altcoins haven't moved up. That's why I always told people not to focus so much on dominance. What will you do if dominance goes down but your altcoin doesn't rise? People never believed me before, but now you can see it's exactly what I said: BTC dominance is down, but most altcoins are still struggling.
So, I say again, forget about the alt season. It's just something influencers talk about. There are so many coins out there, you never know which one will pump. So, I always advise people to forget about alt season and do your own research to find the coins that are actually moving, that have volume, and a clear trend.
I’d say most of people just hold dead coins hoping that dominance will drop and their altcoins will rise, but only a few actually benefit from this strategy.
So, I say it again forget alt season and just trade the coins that are going up, with volume and a clear trend.
