Bullish Bitcoin Dominance
Type of Trade: Cyclical
How to interpret this data?
For longs: Altcoins (i.e., ethereum , litecoin, bitcoin cash , etc.) likely to underperform Bitcoin . Altcoin traders are likely to convert holdings to Bitcoin .
For shorts: Altcoins shorts likely to outperform Bitcoin shorts.
On the intuitive level, I see a war taking place in crypto, and the thing with war is that the unexpected becomes the norm since that’s what military strategy is all about.