ALTCOIN TRADING CHEAT SHEET - BTC.DOM CORRELATION TO BTC PRICE

Zooming out on the weekly chart, with both BTC/USD and BTC Dominance side by side, you can see TWO obvious trends.

Jan 1, 2018 - Apr 1, 2019 : Inverse Correlation

BTC FALLS, Dom Rises = BTC dumps, Alts dump harder (short alts)
BTC RISES, Dom Falls = BTC pumps, Alts pump harder (long alts)

- Jan 1, 2018 - BTC falls. Dom rises
- April 2, 2018 - BTC rises, Dom falls
- May 7, 2018 - BTC falls, Dom rises

Apr 1, 2019 - now : Direct Correlation

BTC RISES, Dom Rises = BTC pumps harder than Alts (short alts)
BTC FALLS, Dom Falls = BTC dumps harder than Alts (long alts)

- Apr 1, 2019 - BTC rises, Dom rises
- Jun 10, 2019 - BTC rises, Dom rises
- Sept 9, 2019 - BTC falls, Dom falls
- Oct 28, 2019 - BTC falls, Dom falls

Currently,
When the BTC Dominance Falls, ALT/BTC pairings rise in value.

vice versa

When BTC Dominance rises, ALT/BTC pairings fall.

If BTC continues a downtrend. I believe we will see Alts continue an uptrend... as long as the current direct correlation trend between BTC/USD and BTC.Dom continues.

A lot to wrap your head around when trading Alts. But I believe zooming out on the weekly and comparing side by side will simplify things a bit.

This is not financial advice. These are just my own ideas. Do your own research. I am not responsible for your trades.

- Crypto Rolly

"The crypto watch that never stops"