Altseason is knocking on the door. Today I will try to explain how relationship between BTC.D (Bitcoin dominance) and price of Bitcoin effects overall Altcoin prices.
This chart explains this whole phenomenon in a very simple way.
for example if Bitcoin Dominance is Increasing and Bitcoin Price is also increasing then it means Altcoin prices are decreasing, but if BTC.D is Increasing and Bitcoin is decreasing then it means Altcoins are dumping .
So we can safely assume that when BTC.D is decreasing but Bitcoin is still increasing it means Altcoins are pumping really hard. When this happens that is called Altseason, after that if BTC.D decreases but Bitcoin is stable then it means that Altcoins are still increasing.
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