This looks likely which would cause a big sell off in Alt coins & also a decent sell off in BTC. I would long 68% dominance via ZRX or XRP or ETH just off the top of my head for a quick scalp as this could be part of a larger correction underway.
If BTC pumps to $9900 we could see an alt coin sell off, which would justify 68% BTC.d figure, however I believe the strongest crypto assets right now vs BTC include XMR, DASH and ADA ... ETH likely to pump at some point but I'm not touching XRP. Thank you for sharing your analysis! 🙏🏼☯️🦄
averkie_skila
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@IamPhoenix33 I recall that BTC growth happens with fall of dominance.
IamPhoenix33
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@averkieskila, Yes, I believe that major Bitcoin growth would lead to falling dominance as the undervalued mid- to high-cap coins grow more rapidly than BTC. However, for that to happen I feel like we need to purge some of the useless HIT¢oins first. 💚
averkie_skila
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@IamPhoenix33, EMA looks down. I think down for now.
IamPhoenix33
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@averkieskila, I agree that the probabilities are on your side for the short term. I'm looking forward to seeing most of the cryptomarketcap top 10 replaced, hopefully within the next few months. 😈
averkie_skila
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@IamPhoenix33, I don't really have any complaints about ETH for example, I can see why it's there. But why fucking Bitcoin Forks are chewing up capitalization, I don't understand. That's who should kill for sure!
IamPhoenix33
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@averkieskila, Agreed! I also think it's strange that XRP & LTC are so highly valued. 🍄