always a trader must check the bitcoins Dominance and if its ok can make a deal on AltCoins
this indicator Monitor the BTC.D and check the trend with ATR and give you results
please just check it in 1D timeframe
when the color was white you can easily trade and if the color was red you should be aware the risk and rest or maybe close the deals
BINANCE:EOSUSDT...
Season tracker identifies the momentum with tracking dominance and market capitalization data of Bitcoin , Altcoin and USDT .
With this indicator you can able to get know about Bitcoin, Altcoin and USDT dominance and market capitalization easily.
Backgrond Color Definations:
If the background color of indicator is ORANGE means that Bitcoin ...
This is a simple study of Bitcoin Dominance vs Altcoin Performance.
The general idea, is that as Bitcoin Dominance falls, Altcoins rise, and vice versa.
So, I decided to plot a MACD indicator of CRYPTOCAP:BTC.D to judge macro turning points in the cryptocurrency markets.
Trend Analysis based on bitcoin dominance.
When CRYPTOCAP:BTC.D goes up, the ALTs would bleed.
But when bitcoin dominance starts to fall, it would be a good opportunity to buy ALTs.
This indicator is built on that assumption.
When the indicator turns green, buy.
When its color stays teal, hodl.
When it turns red, sell.
