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What is Bitcoin Dominance? How to use Bitcoin Dominance in Crypto Trading?
So yo have decided to make a future as a successful Trader. Let me share with you some secrets about bitcoin Dominance and its effect on whole cryptocurrency market. Let's Dive in

What is Bitcoin Dominance?
First we need to understand what is bitcoin dominance. Btc dominance is a ratio between market capitalization of btc to the total market cap of the entire crypto market and it is calculated by dividing bitcoin,s market capitalization by total market cap of all cryptocurrencies and multiplying by 100.

Bitcoin Dominance= (Bitcoin Market Cap/Total Crypto Market Cap) x 100

Bitcoin Dominance VS Altcoins
We can use Bitcoin dominance as a Trading indicator. Simply bitcoin dominance is a relative strength of bitcoin compared to other altcoins. Higher btc dominance means, traders are having more interest in bitcoin rather than other cryptocurrencies. Usually in General when btc dominance rise then altcoins market can crash. On the other hand if btc dominance decreases that's indicate Altcoins are gaining more market share.

How to use bitcoin dominance in Trading
Bitcoin dominance is often used as trading strategy. This helps the traders in many ways

Portfolio Diversification
Traders can easily diversify their crypto portfolio by observing the btc dominance.

Entry and exit from traders
Bitcoin dominance indicate us when to take entry or exit from bitcoin and altcoins. Let me make it simple, Use this formula,

Bitcoin Dominance High+bitcoin in uptrend = Sell Altcoins
Bitcoin Dominance High + bitcoin in downtrend = Buy Altcoins
BTC dominance Low + Bitcoin in Uptrend = Sell Altcoins
BTC dominance Low + Bitcoin in Downtrend = Buy altcoins

Market Sentiments Analysis
Above formula is clearly help us to understand the crypto market sentiments. We can easily monitor wether money is flowing into altcoins or bitcoin.

Want to learn more deeply about Bitcoin Dominance then read this Binance Article
@Binance
Earning $20 daily on Binance is achievable with the right strategy and dedication. To get started: First, familiarize yourself with the fundamentals of trading, such as understanding market charts and effective risk management. Next, discover a trading approach that suits your personality—whether it's day trading, swing trading, or another style. Begin with a modest investment, gradually increasing your capital as you build experience and confidence. Focus your efforts on high-liquidity assets like Bitcoin and Ethereum, where opportunities are plentiful. Utilize analytical tools like RSI and Bollinger Bands to identify market patterns and trends. It's essential to set attainable goals, aiming for consistent daily gains in the range of 3-5%. Stay disciplined by adhering to your strategy and managing risks diligently. Continuous learning and keeping up with market news are crucial for long-term success. Rather than chasing quick profits, prioritize steady and sustainable growth, which will lead to achieving your financial goals over time. #EarnFreeCrypto2024 #StrategicEarning #CryptoMarketMoves #Write2Earn! #BullBanter
Earning $20 daily on Binance is achievable with the right strategy and dedication. To get started:

First, familiarize yourself with the fundamentals of trading, such as understanding market charts and effective risk management. Next, discover a trading approach that suits your personality—whether it's day trading, swing trading, or another style. Begin with a modest investment, gradually increasing your capital as you build experience and confidence.

Focus your efforts on high-liquidity assets like Bitcoin and Ethereum, where opportunities are plentiful. Utilize analytical tools like RSI and Bollinger Bands to identify market patterns and trends. It's essential to set attainable goals, aiming for consistent daily gains in the range of 3-5%. Stay disciplined by adhering to your strategy and managing risks diligently.

Continuous learning and keeping up with market news are crucial for long-term success. Rather than chasing quick profits, prioritize steady and sustainable growth, which will lead to achieving your financial goals over time.

#EarnFreeCrypto2024 #StrategicEarning #CryptoMarketMoves #Write2Earn! #BullBanter
Trading psychologist" I believe you meant "trading psychologist". A trading psychologist is a professional who applies psychological principles to help traders and investors make better decisions and manage their emotions and behaviors in the markets. They aim to improve trading performance by addressing mental biases, emotional regulation, and decision-making strategies. #MicroStrategy #CryptoTradingGuide #TechnicalAnalysis_Tickeron #StrategicEarning #bullush
Trading psychologist"
I believe you meant "trading psychologist". A trading psychologist is a professional who applies psychological principles to help traders and investors make better decisions and manage their emotions and behaviors in the markets. They aim to improve trading performance by addressing mental biases, emotional regulation, and decision-making strategies.
#MicroStrategy #CryptoTradingGuide #TechnicalAnalysis_Tickeron #StrategicEarning
#bullush
🚀 Exciting Trade Update! 🚀 A few days back, I shared that I had purchased $AVAX at an average price of $22.5, planning to buy more if it dipped. However, the opportunity to buy more didn't present itself, and yesterday, I sold all my $AVAX at $26.5, booking an impressive 17% profit within just 2 days! This success is all thanks to discipline and sticking to my strategy. 📈đŸ’Ș #Crypto #Trading #StrategicEarning #Binance
🚀 Exciting Trade Update! 🚀

A few days back, I shared that I had purchased $AVAX at an average price of $22.5, planning to buy more if it dipped. However, the opportunity to buy more didn't present itself, and yesterday, I sold all my $AVAX at $26.5, booking an impressive 17% profit within just 2 days!

This success is all thanks to discipline and sticking to my strategy. 📈đŸ’Ș

#Crypto #Trading #StrategicEarning #Binance
🚹Big loss alert 🚹 Some of soo called expert traders who don't know about the risk Management and don't know how to use SP/TP so they loss their all funds with small mistake 🙂 and my friend believe me u know that this money is enough for changing a middle class person life 💔🙂. So trade safely guys don't invest your hole capital work safely 😊 best of luck my friends see you soon with next post bby đŸ€— #SafeInvestingWithBinance #Safe_TradingStrategies #StrategicEarning #motivational there are some of my fav coins $BOME {spot}(BOMEUSDT) $BTC {spot}(BTCUSDT)
🚹Big loss alert 🚹

Some of soo called expert traders who don't know about the risk Management and don't know how to use SP/TP so they loss their all funds with small mistake 🙂
and my friend believe me u know that this money is enough for changing a middle class person life 💔🙂.
So trade safely guys don't invest your hole capital work safely 😊 best of luck my friends see you soon with next post bby đŸ€—
#SafeInvestingWithBinance
#Safe_TradingStrategies
#StrategicEarning
#motivational
there are some of my fav coins
$BOME
$BTC
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🎉🚀💰 Exciting news for all you crypto enthusiasts out there! 🎉🚀💰

We've just released an insightful article titled 🔝 'Top 6 Strategies To Earn Free Crypto In 2024' 💾📈 that you won't want to miss!

This guide lays out 6ïžâƒŁ powerful strategies to earn free cryptocurrency in 2024! Whether you're a crypto veteran or just getting started, this article has something for you. Dive in to understand and leverage these fantastic earning opportunities! đŸŒŸđŸ’«

Check it out right here 👉Read Article 👈 and join us on our journey to free crypto earnings!

Remember, the future of finance is here, and it's time we adapted and thrived in the crypto era! So, what are you waiting for? Start earning free crypto today! 💎🚀🎯

#Crypto2024 #FreeCrypto #StrategicEarning #Cryptocurrency
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