Bitcoin dominance continues to decline

Hi friends. How are you. I hope you've been doing some fun things lately. Also, your financial affairs in crypto trading and daily life are going well. My recent crypto trading has been going very well. As I make profit, I buy steem and turn it into steempower. I think long term and I have full confidence that I will make a profit in the long run. Let's see what is going to happen.

There is disappointment among people as the price of Bitcoin has dropped. They are actually right about this. Spot etf was approved and the price dropped. However, shouldn't it be the other way around? That's how financial markets are. Doing the opposite of what you think can often earn you more. Or you need to do the exact opposite of what everyone thinks. You have to sell when everyone else is buying, and buy when everyone else is selling. Do this and wait in the long run and you will see that you will have more profitable trades.

As you can see in the chart, there is a decrease in bicoin dominance. Let's take a closer look at the dates, talks started in November that ETF approval could come before the New Year. Afterwards, the price of bitcoin started to increase. Domination reached up to 55%. After ETF approval, bitcoin fell and fell more than other cryptocurrencies. As such, his dominance decreased.

What happens when Bitcoin dominance falls? It shows that the money has moved to alt coins. Altcoins rise. Of course, in the meantime, bitcoin must be in a horizontal trend. Otherwise, the desired increase will not be sufficient. We mostly see altcoin rallies when bitcoin dominance approaches 40%. There is still a long way to reach this rate. So first the price of bitcoin must increase massively. After this increase, dominance should increase. It should reach 65%. Afterwards, dominance should decrease. Money should flow into altcoins.

The steps we need to follow are simple. It is possible to make good profits by following this. This bull period may be the last bull period. We need to take this into consideration as we take our steps. Because people come here because there are great profits.