This is a simple metric I use to indicate current Netflow of Crypto Market Dominance to relation to Bitcoins Price.
Bitcoin Price compares to Bitcoin Dominance (Market Cap %) Alts Dominance USDT Dominance Total Crypto Market Cap Dominance
Tips:
Check for correlation between shared Money Flow across markets
> Bitcoin Dominance = BTC growth (Going into BTC market) < Bitcoin Dominance = BTC sell off (Going into another markets) > USDT = Risk off (Potential going into FIAT) < USDT = Risk On (Potential going into other markets) > ALTS Dominance = ALTs growth (Going into ALTs) < ALTS Dominance = ALTs sell off (Going into other markets) > Total Crypto Cap = Overall Crypto growth < Total Crypto Cap = Overall Crypto sell off
Check for divergence across the markets,
• For example Bitcoin Price going UP but Dominance is going down... = Downtrend