⚡ Link to my Bitcoin Dominance Flow Chart: [ Ссылка ]
Bitcoin Dominance (BTC.D) Bitcoin dominance is the percentage that measures Bitcoin’s share of the WHOLE cryptocurrency market capitalization measured in percentages. It is not a perfect metric to use, but it helps to analyze the macro-market since many people like to refer to it as a whole - so it becomes a self-fulfilling prophecy, and a self-fulfilling prophecy is what usually happens if everyone starts to use it. We can observe the total capital (money) flowing between alts and BTC with the flow chart that I explain within the video, and you can make some conclusions about the market’s current state on the altcoin market.
The chart that I present is showing that in most cases you’ll want to be in Bitcoin when Bitcoin Dominance is in an uptrend, and then be in alts when the Bitcoin Dominance is in a downtrend. We are witnessing that right now. When BTC and BTC .D rises, we psychologically assume that we want to be in Bitcoin , which then leads to a decrease in the alt coin market. For those who are interested in more risk management strategies, please look at the links below!
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Financial Disclaimer:
The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice. I am not a financial advisor, and you should consult with a qualified professional before making any investment decisions.
Any investment carries risks, and past performance is not indicative of future results. The opinions expressed in this video are solely my own and do not necessarily reflect the views of any companies or organizations mentioned.
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