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Bitcoin Dominance & Crypto Total Market Cap ExplainedOn this chart we are looking at TOTAL2 & BTC.D. BTC.D ( Bitcoin Dominance) is the % of the total Crypto market BTC Controls, when the Bitcoin Dominance rises it can be a sign of Bitcoin taking up the market share of the whole crypto markets - and as this happens we usually see alt-coins (crossed with BTC not USDT) have sell offs. TOTAL2 (Cryptocurrency Market Cap) tells us the total market share of the Crypto Markets excluding Bitcoin. When this rises it is a sign of large amounts of money entering the Alt-coin markets. By using these two tools we can find areas in the market alt-coins are more likely to rise & drop, allowing us to make "safer" & higher probability trades on alt-coins- and helping us understand when Bitcoin is coming to crucial areas and could make major moves. When BTC Dominance rises, that means money is flooding out of alt-coins and into Bitcoin , usually in highly volatile times. When BTC Dominance consolidates it is a possible sign that money is moving is flowing between the alt-coin and Bitcoin markets and this is the best time for you to be trading alt-coins as-well as after the BTC.D has a major sell off. Looking at the chart on the 1st of November 2017 we see the start of of a bearish 1 month close on the BTC.D and a bullish monthly break out on the TOTAL2 chart. At this point we seen many alt-coins continue to grow massively in value against BTC starting one of the most parabolic bull markets we have ever seen. It is important to note that as of today the BTC.D is now pushing through that level once again - while the TOTAL 2 is just above this same level. On the Bitcoin Dominance a close under 64% and a sell off may be a sign that we are entering a similar market to 2017 - while a breakout above 68.24 may be a sign that the alt-coins paired with Bitcoins may put in new lows, if the TOTAL2 were also to lose the support at 110. Now is the time to start planning & paying attention, with many alt-coins crossed with Bitcoin seeing red for quite some time now, a sell off on the Bitcoin Dominance and a relief run rally for alt-coins would make sense. For comparison i have attached a chart of XRP & ADA two popular altcoins, so you can see at the same time (November 1st 2017) many altcoins started massive bull trends at the point of the BTC.D Sell off. If you found this idea informative, or have any questions dont forget to like & comment thank you traders!!
CRYPTOCAP:BTC.D
by Worth_The_Ri5k
15