As you can see altcoins are affected by bitcoin's price.
And while bitcoin is being pulled down by an unknown force to slide it to the bottom, altcoins are also sliding together with bitcoin.
It seems more like these days, that bear force most especially for altcoins is really just out of this world. Sorry to digress a bit, but the last upward correction for bitcoin where we had some pretty good push towards $8300, actually made me feel the altcoins could use that as a chance, but they just kept dropping pretty fast. Honestly, some times, with the huge complexity of this market, it would take some pretty huge experience and carefulness to hit it right as you can never judge by the past moves at all.
Bitcoin though seems to be gaining some huge dominance which presently is over 50% and that shows some great level of support for bitcoin at this stage, but how far we are going to go down, is still left with time right now and I really pity how some alts are really going to end up if the market gets hugely beaten already than it is now.
Right, I've also seen that opposite movement that alts did when bitcoin stretched too $8,300.
BTC dominance has increased again by 0.4% today.
This only proves that bitcoin and the crypto market is very unpredictable. With any technical analysis we've got, it's showing some unexpected movement towards our expectations.
