ScottMelker

Bitcoin Dominance Goes Cliff Diving

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
After 11 straight days of pain for altcoins, Bitcoin Dominance is falling off of a cliff.

When Bitcoin Dominance is up, it means that volume is flowing from alts and into Bitcoin. We have the opposite situation now. This is largely because of ETH, the second largest asset by marketcap.

And usually volume starts to eventually flow from ETH down the chain... alt season.

scott.melker@texaswestcapital.com
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