BTC Dominance as proxy for altcoin sentiment - XRP USD ExampleOne of the most useful relationships I've found is between altcoins like BITFINEX:XRPUSD and Bitcoin Dominance CRYPTOCAP:BTC.D
This is just a comparison of XRP/USD vs. BTC Dominance, but you can see this inverse correlation play out across the vast majority of heavily traded altcoins.
And if you set your alts vs. btc instead of alts vs. USD, the correlation shows up even clearer.
This can turn the question from 'When will Ripple go up?" or "When will X altcoin go up?" to "When will BTC Dominance break down?"
BTC dominance as an excellenet proxy for altcoin sentiment.
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