Today Linh writes about BTC.DOM
This is the experience Linh learned from a boy named Phu. Linh feels that she typed orders very accurately, specifically for BTC.
Based on her experience, Linh wrote for everyone to refer to!
BTC Dominance (or BTC.D, BTC Dom) is the ratio of Bitcoin's market capitalization to the total capitalization of the entire cryptocurrency market. This indicator allows you to determine whether Altcoins are in an uptrend or downtrend compared to Bitcoin:
🌟BTC Dom increased + BTC price increased
--> Money flows to BTC + Alt Coin stands still or Dump
--> so margin long BTC + watch to exit ALT and then buy back later.
🌟 BTC Dom up + BTC price falls
--> money flows to ALT
Alt Coin season --> Alt coin season is in the support zone
🌟 BTC Dom up + BTC price stands still
--> Money from ALT flows to Usdt --> should cut Alt to U + the possibility of it locking Alt to BTC and then dumping BTC.
🌟 BTC Dom down + BTC price up
--> Money poured heavily into ALT throughout the market. Up there --> Buy Alt aggressively with compound interest
🌟 BTC Dom down + BTC price drops
--> Money flowing out to USDT in this case is likely to happen after it pegs ALT to BTC
🌟 BTC Dom down + BTC price stands still
--> money flows to ALT
--> focus on hitting ALT
This article is based on personal experience and is for reference only. Every decision to enter an order needs to consider many aspects.
Wishing you win win!
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