BTC.D (Bitcoin Dominance)

BTC.D (Bitcoin Dominance)

BTC.D Cheat Sheet

Rising BTC.D (Bitcoin Gaining Dominance)

  • What It Means: Bitcoin outperforms altcoins (BTC price rising faster or altcoins losing value). Traders favor Bitcoin as a “safe haven.”
  • Market Implications: Altcoins likely underperform or drop in value. Risk-off sentiment in the market.
  • When to Watch: Bullish BTC runs. Crypto market uncertainty.

Falling BTC.D (Altcoins Gaining Dominance)

  • What It Means: Altcoins outperform Bitcoin (alt prices rising faster or BTC consolidating/losing value). Traders take on more risk in altcoins.
  • Market Implications: Possible start of an “Alt Season.” Altcoin pumps more likely.
  • When to Watch: BTC consolidates or stabilizes after a rally. Total crypto market cap rising alongside a declining BTC.D.

Key Levels on BTC.D

  • Support Levels: If BTC.D bounces off support, Bitcoin might regain strength, and altcoins may lose value.
  • Resistance Levels: If BTC.D gets rejected at resistance, altcoins may pump as dominance falls.

Quick Scenarios

BTC.D Trend BTC Price Altcoin Effect
Rising Pumping Altcoins lose value.
Rising Dumping Altcoins lose more than BTC.
Falling Pumping Altcoins rise slower.
Falling Ranging/Stabilizing Altcoins pump significantly.
Falling Dumping Altcoins fall less than BTC.

Tips

  • Combine BTC.D with other charts like TOTAL2 (altcoin market cap).
  • Time the market: Altcoin pumps often follow Bitcoin stabilization.
  • Watch for BTC.D divergences: BTC.D rising while altcoins rise may indicate short-term altcoin pump potential.
© 2024 BTC.D Cheat Sheet

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