This is not a trade or a signal, but rather some sweet, sweet hindsight to give some perspective on where we are at. Bitcoin Dominance is obviously Bitcoin’s share of the entire market place. When it is rising, that means that you would generally rather be in Bitcoin than altcoins (select altcoins usually outperform regardless), and when it is dropping you want to be “beating” Bitcoin as a trader by being in altcoins.
Well, as you can see, it is been effectively “up only” since late 2022. Has it topped? I have no idea, but it is nice to see a tiny but of relief the past few weeks, even as Bitcoin has corrected.
This big blue arrow simply illustrates how difficult it is to “beat” Bitcoin.
Well, as you can see, it is been effectively “up only” since late 2022. Has it topped? I have no idea, but it is nice to see a tiny but of relief the past few weeks, even as Bitcoin has corrected.
This big blue arrow simply illustrates how difficult it is to “beat” Bitcoin.
scott.melker@texaswestcapital.com