(BTC_Dominance)

- It is used to identify potential trading opportunities.

For example, if dominance or holding is high for#BTCit may be a sign that the downtrend is about to continue.

- If the#BTCholding declines, it may be a good indicator for the rest of the currencies to rise.

🔷

🔷

What is the relationship between Altcoins, Dominance and Bitcoin? :-

🔴 Simply Dominance: It is the percentage of possession or dominance of#Bitcoin💸 in the digital currency market, and the lower the percentage, the greater the opportunity for other currencies to rise 🕯

⬅️ Here is how you can benefit from acquiring Bitcoin:-

🟢 Increased holding + increased Bitcoin price = decreased price of altcoins.

🟢 Increased holding + decrease in the price of Bitcoin = decrease in the price of altcoins.

🟢 Increased holding + stable Bitcoin price = stable altcoin price.

🟢 Decrease in holding + increase in the price of Bitcoin = increase in the price of altcoins.

🟢 Decrease in holding + Decrease in Bitcoin price = Stable price of altcoins.

🟢 Decrease in holding + stable Bitcoin price = increase in the price of alternative currencies.