Here's a look at 
OTHERS.D or Altcoin Dominance vs. itself, but without 
USDT.D and 
USDC.D
When removing the calculation of stablecoins dominance from the picture, the pattern looks less like a downtrend and more like a potential bottom that may soon reverse.
Most are not expecting this with the present rise of
BTC.D, but this could occur should a metric ton of cash move out of stables and into Bitcoin and Alts.
Just a thought, please let me know what you think or how you might see things differently, and thank you for taking a moment to read through my own!
Note - the picture may look even more accurate if there was a way to track BUSD Dominance in relation to OTHERS.D
Just another,
-dudebruh
OTHERS.D or Altcoin Dominance vs. itself, but without USDT.D and USDC.D When removing the calculation of stablecoins dominance from the picture, the pattern looks less like a downtrend and more like a potential bottom that may soon reverse.
Most are not expecting this with the present rise of
BTC.D, but this could occur should a metric ton of cash move out of stables and into Bitcoin and Alts.Just a thought, please let me know what you think or how you might see things differently, and thank you for taking a moment to read through my own!
Note - the picture may look even more accurate if there was a way to track BUSD Dominance in relation to OTHERS.D
Just another,
-dudebruh
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Related publications
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.