做多

WHEN to BUY CRONOS - Using BTC.D 🔁

As seen from the CROUSDT chart, the Bitcoin Dominance Chart reveals many secrets when overlayed onto your altcoin chart.

They key reason for this being the constant rotation of money in and out of Bitcoin, and into and out of altcoins. If you're looking for a more detailed explanation on when to buy altcoins, check out yesterday's update here:

The Crypto Carousel: BTC, ALTS, and the Money Merry-Go-Round

From the chart we can clearly see that Cronos has bottomed out, but is struggling to regain bullish momentum. As we overlay the BTC.D chart (yellow) we can see there is a negative correlation between the two - When BTC.D drops, CRO increases. And when BTC.D increases, CRO drops. This will hold true not only for CRO, but for other smaller market cap altcoins as well.

This concludes that NOW is an excellent zone to buy Cronos, as the price is yet again in accumulation zone. An increase can be expected as soon as we see a dip in Bitcoin Dominance.

______________________