FatCat is here, today I’m gonna talk a bit about the BTC.D (BTC dominance), alts and how it’s all connected. Let’s start as you logically can understand that if BTC goes up then whole markets goes up is true, but why is it working like that? So here’s a Chart called BTC.D that shows dominance of Bitcoin on the market and if it goes up and BTC goes up, the other market will also go 📈, but what if BTC.D goes down? Then the price of BTC can go whatever it would and not affect to the other market. Quick example first picture is XTZ, second one is BTC.D and the last one is BTC (all 4H charts)
So the 2 candles went up with $BTC while BTC.D grew up, and then BTC.D went a bit down and BTC went down, but $XTZ went a bit up, and the last candles shows that BTC.D has a green candle , but $BTC goes down, and XTZ also goes down
It was a quick example, thank you if you read the whole post, hope we our trades will be success
P.S. I’m not making a million and zillion lines and using a lot of indicators/scripts/strategies for screenshots, that you can see clearly the chart 🙌🏻🐱
And it’s all is just my view☝🏻
