The last time the CBOE launched a Bitcoin financial tool, futures, we saw $20k. Recently rising Bitcoin dominance shows people betting on the latest CBOE tool, ETF, being approved.
Bitcoin dominance is heading towards fifty percent by marketcap. What does this mean for the price and how should traders and investors view it? Marketcap is by far not the best metric to read dominance, but that doesnt mean it cant add value to your trading.
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https://soundcloud.com/buy-or-sell-what-the-hell/does-bitcoin-dominance-matter-to-traders-35I believe that is unlikely, you can see that the market is constantly falling and there are no signs of recovery, and my technical analysis shows that the bitcoin price will still be possible. We continue to fall sharply from now until the end of 2018. That's why I believe you should not invest long-term in the market at this time.