Bitcoin Dominance and when to buy/sell Altcoins
ฝัง
- เผยแพร่เมื่อ 29 ก.ย. 2024
- Today's video is on Bitcoin Dominance and how it relates to altcoin price movements. You can use Bitcoin Dominance on any timeframe and compare it to any altcoin to make trading decisions. I have personally found this approach quite helpful in deciding when to hold altcoins and when to sell my altcoins.
To get Bitcoin Dominance on Tradingview, type in 'BTC.D'.
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Disclaimer: The content covered in this video is NOT investment advice and I am not a financial advisor. The material covered within these videos is for educational purposes only. Always do your own research and only invest based on your own findings and personal judgment. Happy Trading!
Crypto currency is the future, investing in it will be the wisest thing to do especially with the current dip
You’re right
That Is why I have to start forex trading two month ago now am making constant profit
Warren buffett ones said the first rule of becoming rich is to be fearful when others are greedy and be greedy when others are fearful, that is why I know the current dip is quite an opportunity and I've been taking advantage of it already
Crypto should be transparent and it isn’t as easy as we thought
How does this own crypto stuff work. Am interested and willing to invest in it. But I need guidance so I don’t lose out
So in the next bull market am I better off going in all btc and playing the btc dominance to take positions in alts or have a diverse portfolio in btc and alts from the start and just continue to take profits and reinvest?
Nice and informative video 👌👌🙌
how boutu usdt pair can I still use this as one of my confluences?
so at what procent of bitcoin dominance to quit the market ?
Good video, but with all of the potentiality of buying XYZ/BTC pair how about the fact even though XYZ rose in BTC value it may have not outpaced the amount of BTC you would gain selling back into BTC as you would have just exiting BTC and buying back in via a stablecoin pair at the bottom?
This is my own personal issue with trying to out perform BTC via a largecap coin that also has a USD pairing, the arbitrage systems will ensure this doesn't occur very often imo
great videos
awesome video...does anyone know of a free site to track this?
Tradingview
Can I use btc dominance to determine the movement ethusdt or usdt pairs?
Yes thats the point !
In simple language. BTC will go up then alt coins will go up. If BTC coin goes down alt coins will go down. As far as I understand this is what is mirroring is. If I am incorrect. Correct me please.
Because he is over explained and making it difficult in this video to understand.
if btc/usd goes down, everything goes down...if btc/usd stable and btc.d goes down...its alt season
One of the most useful videos, I think. Thank you, man! What is now more important for me is to be able to predict the direction of BTC.D
That’s the same intro song played at my cats funeral
perfect video i learned to pay attention to alt/btc great video keep it up...
Hi, good, informative video. One question: What would be the change in this if trading altcoin in USDT pair?
if you ask me, it is better to look at the usdt pair instead of btc pair. if btc.d rises, that can mean that the price of btc rises or people are selling altcoins. and if you are looking at the btcpairs when btc is rising, than is is obvious that that pair is falling.
Very interesting. Hallam in always sunny Barbados.
Great content Bennett 🔝🔝🔝
Why don't you like technical indicators anymore?
Great job as always. Is your upload schedule going to be the same once the school year begins?
Yes
Need more to be point.
dominance is not the cause, it is the effect!
exactly its the effect, altcoins pump for other reasons i.e new coin listing
hey, try doing the same but instead do it using SP500 and an altcoin/bitcoin.
I have a doubt...does only btc/alt pair is suitable for this analysis or can I try with usdt pairs?
USDT doesn't fluctuate like BTC pairs do. the dollar is a dollar give or take a few cents unlike BTC pairs which fluctuate in nearly a mirror image of each other. BTC pairs is a much better indicator of when to buy and sell alts by far.
Thanks for your brilliant work! 👍 I’m learning through your playlists.
Happy to help!
@@bitcointradingchallenge3861 which tool are you using?
Great video for beginners!
You can only long a btc/alt when btc is either stable ranging or dropping. When it was rising the alts dropped ever day, it was completely hopeless. Now that btc got the p*ss knocked out of it, alts are tradable again. Just make sure you hedge the btc with a usd margin short (not a stupid Bitmex btc margin pretend short) and you're good. Obviously if you don't hedge when btc is dropping then you would have a tough time profiting because your alts rose while your btc dropped, cancelling out. Trading btc/alts without a hedge is kind of pointless when you think about it, considering both are about equally volatile and you're holding both about equal amounts of time.
but why it btc dominance syncs so perfect with agains any coin? Every investor makes the trade just on the same time? Is kind of nonsense, or every trade is made by bots.....
SMA indicator exit scammed.
Holy god this is useful, thank you
If you are try to improve your overall Bitcoin Position
when Bitcoin dominance drops. Will buying more Bitcoin or buying EthBtc improve you sitoshi's the most?
thanks man
How profitable have you been with this method? I just came across the idea with the same conviction. What kind of results are you guys getting when back testing?
I seriously can't even pay attention to the video right now...
What is the best place to buy crypto? With credit card on changelly? Or I better to use binance? Can you help???
love your videos, keep it up
dude that intro is fire
We are keeping an eye.
there is a chance to see asaim coins from different company on one graph? for example bianance and coingate on btc in asaim graph?
Fantastic video, awesome explained. Thank you.
thanks buddy, such a nice way of expressing your ideas, so clear and sharp.
Which platform allow you to trade Bitcoin dominance?
😂
But how do i find the bitcoin dominance chart myself?
Trading view bit.d
Can use it for in and exit a trade?
I like it thanks
Amazing, thanks
is eth still considered an alt coin?
Yes Altcoins are all coins expect for Bitcoin
what is the name of the site ?
Tradingview
@@jaehee6157 thanks
@@ahmetgozukara8021 No problem
That was a great video, thank you.
How can i look dominance altcoin. where is dominance Altcoin?
Great Vid! I think the micro cap gem NOIA is a no brainer buy right now, Cisco partnership and great rewards for HODLing
Thank you. I learned something new thank you