Market Cap BTC Dominance, %Updated Bitcoin Dominance and Total Crypto Market Cap
#BTC #BTC.D #crypto
BTC.D and Total crypto market cap increase in synchrony = Bull cycle
BTC.D decreases while Total crypto market cap increases = Alt season of Bull cycle
BTC.D increases while Total crypto market cap decreases = End of bull cycle, sell off for fiat, start of bear cycle.
BTC.D and Total crypto market cap increase in synchrony = Bull cycle
BTC.D decreases while Total crypto market cap increases = Alt season of Bull cycle
BTC.D increases while Total crypto market cap decreases = End of bull cycle, sell off for fiat, start of bear cycle.
Note
Total Crypto market cap increasing this week while BTC.D falling.This implies people are holding onto and buying more Alt coins.
This is a signal to institutional investors that there remains greed in this market among retail investors.
As a result, we will continue to see BTC oscillate in price in this zone of fear b/w $30-45K, until more and more retail investors sell off their alts fearing that it is the end. The institutions are buying up what the retail traders are selling.
At that time, once enough retail traders are fearful of the end and have sold their Alts, the BTC.D will increase. The institutions will have finished their accumulation and we may then have a quick movement upward to to BTC ATH’s.
TLDR: Sell into strength when you must, buy into weakness when you can. Otherwise, HODL on.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.