Here is my crazy idea about 'relationship ' between BTC and BTC dominance
Short explanation of what those circles and lines means:
*GREEN COLOR: shows trend where BTC price is going up(green circles) and also BTC dominance is raising(green line),followed by bigger pump(blue circle)
*RED COLOR: shows trend where BTC price is dropping(red circles), but BTC dominance is raising(red lines), followed by bigger dump(orange circle)
Just to mention, if price of bitcoin is pumping and alts are pumping against btc, that mean there is big money flow into whole crypto, means market is very strong....
Short explanation of what those circles and lines means:
*GREEN COLOR: shows trend where BTC price is going up(green circles) and also BTC dominance is raising(green line),followed by bigger pump(blue circle)
*RED COLOR: shows trend where BTC price is dropping(red circles), but BTC dominance is raising(red lines), followed by bigger dump(orange circle)
Just to mention, if price of bitcoin is pumping and alts are pumping against btc, that mean there is big money flow into whole crypto, means market is very strong....
Yorum:
nice short opportunity
