Bitcoin Is Pulling Back While Altcoins Are Gaining Strength. Rally Coming?

in #leofinance3 years ago

We have seen it in the past, when money coming in to Bitcoin, Bitcoin dominance increases, but then it spreads out into altcoins and Bitcoin either stalls or pull back. That is likely what is going on right now. This is a comparison between Bitcoin, Others (Outside Top 10) and Theta (hourly candles)

BTC-dominance.png

Comment: As you can see, everything is up except Bitcoin which is down during the last 5 hours. Is this a trend change? Too early to tell, but if it is, we could expect a massive rally in the alts.

Happy investing/trading!

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I would love to see another alt season

Posted Using LeoFinance Beta

yeah, it is about time

We can't tell for sure what's about to happen next but i think alts are in for a moon ride, especially Hive

Posted Using LeoFinance Beta

yeah, we got a nice move today for Hive, up 16% at most.