How to use BTC Dominance (BTC.D)
Hello Guys,
Hope you are doing well
💠 IMP. TO KNOW
💎 Bitcoin Dominance 💎
measured by:
M. cap of BTC / M. cap of all crypto currency
(M. cap: Market capitalization: total value of a certain asset in circulation)
Conditions:
❇️ When the price and dominance of BTC are rising, it could signal a potential bitcoin bull market.
❇️ When the price of BTC is rising but BTC dominance is falling, it could signal a potential Altcoin bull market.
❇️ When the price of BTC is falling but BTC dominance is rising, it could signal a potential Altcoin bear market.
❇️ When the price and dominance of BTC are falling, it could signal a potential bear trend for the entire crypto market.
If you use BTCD well, then you will be able to know the trend
Always remember
"Trend is your Friend"
STAY TUNED, and good luck
Hope you are doing well
💠 IMP. TO KNOW
💎 Bitcoin Dominance 💎
measured by:
M. cap of BTC / M. cap of all crypto currency
(M. cap: Market capitalization: total value of a certain asset in circulation)
Conditions:
❇️ When the price and dominance of BTC are rising, it could signal a potential bitcoin bull market.
❇️ When the price of BTC is rising but BTC dominance is falling, it could signal a potential Altcoin bull market.
❇️ When the price of BTC is falling but BTC dominance is rising, it could signal a potential Altcoin bear market.
❇️ When the price and dominance of BTC are falling, it could signal a potential bear trend for the entire crypto market.
If you use BTCD well, then you will be able to know the trend
Always remember
"Trend is your Friend"
STAY TUNED, and good luck
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