A few days ago I published this curious thing, I saw how the price of
$BTC was falling but its
#dominancia was rising.
Let's remember that the dominance of BTC represents the acceptance, interest, ownership, or strength that it has over the other cryptos within binance. Well that's how I understand it.
At the time I commented that the
#BTCDOMUSDT where it was was a non-operatable area. This is an asset that doesn't move much, being an index the price variation is slow, so to speak. I like this asset because if I decide to open a trade I can do it for 10X calmly and leave it there and analyze the price action calmly... I mean, it's not like trading a
#memecoin on a 15-minute chart leveraged at 125x š¤£ no young man; In BTCDOM we go slowly like when you go out with your grandmother to do the shopping š¤£.
I consider BTCDOM to be an asset to be operated at least 10x with a margin that you consider... Of course, everything depends on your way of analyzing and understanding the market, as well as it also depends on your capital management.
I remind you that investments are not for gamblers.
In that publication I commented that BTCDOM had a double top pattern at
#1D , which is why I considered it to be a non-operatable area. But now things have changed a bit.
If you look at the image, you will see that BTCDOM had a small setback of -3.62% but as far as I expected. This asset continues to respect its upward trend, in addition to forming a consolidation within the 3060-2949... I consider this price action quite interesting for me... In addition, it seems that if the dominance of BTC increases, it is an indication that there is more interest in owning this currency compared to others.
Remember that this is my analysis, I follow this asset and I have my strategy, it is up to you to do your own analysis and have your own criteria on whether it seems right to enter or not..