These are the top 4 charts in a bull market:
$BTC / USD ، $BTC.D، $TOTAL2، $ETH / BTC
I will explain to you how to use it 👇✔️
First BTC/USD
The bull market always starts with the king: Bitcoin.
When Bitcoin breaks a top or key levels, it sets the tone for the entire market sentiment.
Your task is to know when the $BTC chart becomes active and is preparing for a major breakout to a new all-time high (ATH).
This usually happens when altcoins remain stagnant while liquidity is concentrated in $BTC.
My best strategy in these conditions is to trade breakouts by buying at high levels and selling at higher levels.
2. $BTC.D
When the value of $BTC rises, you can use the $BTC.D chart to determine whether capital stays with $BTC or moves to altcoins.
When Bitcoin breaks a top or key levels, it sets the tone for the entire market sentiment.
If dominance increases: Continue with $BTC, the uptrend is not over yet.
If dominance is decreasing: capital is flowing into altcoins, look for buying opportunities there.
For example:
Bitcoin dominance has been steadily rising and hitting new highs on a weekly basis.
During that time, altcoins were experiencing losses, so it was better to stay in long Bitcoin positions.
But now, the dominance has started to gradually correct downwards, which could be a good thing for altcoins.
$BTC / USD ، $BTC.D، $TOTAL2، $ETH / BTC
3. $TOTAL2
When $BTC dominance declines, it indicates that capital is now flowing into altcoins.
Total2 chart shows the total market cap of all altcoins.
Here's how to use it:
$TOTAL2 chart breakout signals altcoin recovery.
At this point, looking for long trades on the strongest altcoins will be worthwhile.
I will be looking for long trades on strong coins like $SOL and will share my trading plans on my Telegram channel (link in bio).
$ETH/BTC (Most hated chart in this bull market)
This chart shows the performance of $ETH compared to Bitcoin, which is an additional indicator of the strength of altcoins.
These are the top 4 charts in a bull market:
The bull market always starts with the king: Bitcoin.
Here's how to use it to identify long positions on altcoins:
$ETH/BTC up = Altcoins will outperform $BTC, so allocate funds here. Long trades will be most profitable in this case.
$ETH/BTC down = Bitcoin regains control. Look for long trades on $BTC or wait for market conditions to clear.
These four charts form the basis for all macro analysis related to $BTC and the market in general.
Study past cycles to improve your understanding of how they behave relative to market prices.
This is your best option to navigate the market sectors that are experiencing the most money flow.