How to identify ALTCOIN SEASON via #BTC.D
So what is BTC.D? Is the ratio between BTC and the Market.
For example, total market capitalization is $1,000 billion. BTC's capitalization is $500 billion. So right now BTC.D is 500/1000=50%.
In general, every time the ALTcoin season comes, BTC.D always drops sharply.
I explain the terms in the table below as follows:
1. BTC.D increased:
- Bitcoin price increases: Money is flowing from Altcoins to Bitcoin
- BTC price drops: Bearish
- BTC goes sideways: Take profits to Fiat.
2. BTC.D decreased:
- BTC increases: money into BTC and Altcoin, there is Altcoin season.
- BTC decreased: Bearish.
- BTC sw: ALTCOIN SEASON REAL.
3. BTC.D sw
- BTC increases: Money goes into BTC
- BTC decreased: Bearish.
- BTC sw: Altcoin allowed to increase. Maybe mini ups. Or push the project at this time if enough is collected.
Update your knowledge continuously...
