BTC.D Correlation to BTC Tops - Theory
Dec 17, 2017: BTC.D hits yellow 71.5% line, then starts to fall, with BTC topping when BTC.D is around 59%-60%
Jan 7, 2018: TOTAL2 tops at blue line, when BTC.D hits 38.7-41.7%. Just before this, it goes down to 36.3%, then bounces to 43.6% before going to 38.7%. After TOTAL2 tops, BTC.D goes even lower to 35.2% presumably bc money rotates to smaller caps. TOTAL2 shows the total market capitalization of the top-125 cryptocurrencies, excluding BTC.
June 26, 2019: Mid-Cycle local BTC top while BTC.D is at 63-65%.
March 12, 2020: Mid-Cycle local BTC bottom while BTC.D is at 65-66%.
Feb, Mar, April 2021: BTC.D breaks above yellow 71.5% line, topping at 73.66%, then starts to fall, with BTC making tops when BTC.D is around 62%, again at 62%, with higher top at 55%
May 14, 2021: TOTAL2 tops at blue line, when BTC.D hits 40.4%. Unlike 2018, BTC.D does not initially go lower and then bounce before the TOTAL2 top. TOTAL2 shows the total market capitalization of the top-125 cryptocurrencies, excluding BTC.
Jan 7, 2018: TOTAL2 tops at blue line, when BTC.D hits 38.7-41.7%. Just before this, it goes down to 36.3%, then bounces to 43.6% before going to 38.7%. After TOTAL2 tops, BTC.D goes even lower to 35.2% presumably bc money rotates to smaller caps. TOTAL2 shows the total market capitalization of the top-125 cryptocurrencies, excluding BTC.
June 26, 2019: Mid-Cycle local BTC top while BTC.D is at 63-65%.
March 12, 2020: Mid-Cycle local BTC bottom while BTC.D is at 65-66%.
Feb, Mar, April 2021: BTC.D breaks above yellow 71.5% line, topping at 73.66%, then starts to fall, with BTC making tops when BTC.D is around 62%, again at 62%, with higher top at 55%
May 14, 2021: TOTAL2 tops at blue line, when BTC.D hits 40.4%. Unlike 2018, BTC.D does not initially go lower and then bounce before the TOTAL2 top. TOTAL2 shows the total market capitalization of the top-125 cryptocurrencies, excluding BTC.