If you are not a Bitcoin maximalist hold Altcoins in your wallet, the chances are that this is the most important chart to keep an eye on for you. Bitcoin dominance is on the edge of breaking a downtrend that started in September 2019.
Chart of the Week If you are not a Bitcoin maximalist or you hold Altcoins in your wallet, chances are that this is the most important chart to keep an eye on for you. Bitcoin dominance is on the edge of breaking a downtrend that started in September 2019. Many consider technical analysis a useless tool, but it may turn out to be the best way to understand market conditions if used in the right context. Why is this trendline meaningful? Altcoins started to outperform Bitcoin when the possibilities of hitting a new all-time high decreased significantly after Bitcoin broke below $9,900. Investors and traders started reallocating funds into Altcoins as a way to generate better returns. That leads us to present days. It was weeks ago when we called the reversal of Bitcoin's dominance as the single most bullish sign of an incoming Bitcoin breakout on the upside. And now that BTC is above $16,000 there are no more resistances should the price push higher. We could see a 25% price jump in a matter of days, if not hours. What would this mean for Altcoins? They could only hail to the king. In practical terms, ETH lost around 20% in BTC terms since the trend of the Bitcoin dominance reversed. Other Altcoins lost much more. How much are you willing to underperform Bitcoin with your wallet? This is a consideration everyone should make sooner or later when Bitcoin clears the current resistance. Risk management and portfolio allocation are essential these days more than ever! | | |
Top Updates A Week In Crypto | | |
Crowdfunding
Coinrule At The 170% Mark
Coinrule's Crowdfunding campaign continues to go from success to success. It's still open for a few more days, even though we are about to cross the 170% mark. Join Now! Capital is at risk. | | |
| Buying the dips is a simple yet effective automated trading system that can deliver remarkable returns, especially with uptrend conditions. Not all price dips are good buy-opportunities, though. This trading strategy is based on a multi time frame buy-the-dip approach to optimize each trade. Read more here. 
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Need help to get started with Automated Trading? Discuss your Strategies with our Head of Trading Ruben Cisternino in Coinrule's Telegram Community! | | |
| Need more help? Respond to this email or chat to us directly inside the Coinrule Webapp. | | The World of Trading is Changing!
The Coinrule Team | | |
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