Market Cap BTC Dominance, %Education
BITCOIN DOMINANCE EXPLAINED
To be successful in crypto you need to know how the market works and why it’s behaving like it is.
Bitcoin is the first ever cryptocurrency and will be the biggest a long time. This means that what bitcoin does will have a large impact on the market. But there are also times where every coin does it’s own thing.
Here is where Btc.d comes in.
Simply put, when bitcoin dominance is high, it means that almost every move is similar in the whole market. While when it’s low, we don’t need to worry too much about what bitcoin is doing if we see a good trade in some other coin.
We can take advantage of this!
Btc.d is surprisingly accurate with technical analysis. In the chart you can see two boxes where I would either buy bitcoin or altcoins.
You still have to find good setups and everything, but it gives a good indication of it’s either altcoins or bitcoins time to shine!
Good luck traders! Leave a like if you found this helpful <3
Bitcoin is the first ever cryptocurrency and will be the biggest a long time. This means that what bitcoin does will have a large impact on the market. But there are also times where every coin does it’s own thing.
Here is where Btc.d comes in.
Simply put, when bitcoin dominance is high, it means that almost every move is similar in the whole market. While when it’s low, we don’t need to worry too much about what bitcoin is doing if we see a good trade in some other coin.
We can take advantage of this!
Btc.d is surprisingly accurate with technical analysis. In the chart you can see two boxes where I would either buy bitcoin or altcoins.
You still have to find good setups and everything, but it gives a good indication of it’s either altcoins or bitcoins time to shine!
Good luck traders! Leave a like if you found this helpful <3
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