هيمنة
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What is Bitcoin dominance and its impact on altcoins and how to make profits by studying it?
Let's talk first about what is Bitcoin dominance?
Bitcoin dominance?
It is a term used by investors and speculators in the cryptocurrency world alike to measure the ratio of Bitcoin’s market cap to the total market cap of all cryptocurrencies. It is considered an important tool in market analysis.
How is Bitcoin dominance calculated?
Bitcoin dominance?
It is a term used by investors and speculators in the cryptocurrency world alike to measure the ratio of Bitcoin’s market cap to the total market cap of all cryptocurrencies. It is considered an important tool in market analysis.
How is Bitcoin dominance calculated?
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Update #هيمنة USDT
The price of USDT.D has dropped from an ascending wedge pattern, which is typically a bearish reversal structure.
This indicates that capital may be shifting away from stablecoins like USDT and back into higher-risk assets like altcoins.
This collapse was confirmed by a strong red candle closing below the support trend line.
Historically, a decline in USDT.D indicates increasing market confidence and the potential for inflows into altcoins, igniting the momentum of altcoin season.
This could trigger a short to medium-term bullish trend in the altcoin market, especially if the collapse continues and trading volume rises on the downside.
Watch for continued downward pressure on USDT.D below the 5.30% level. If this level is lost and continues, altcoins may see strong rallies.
However, any sudden pullback or return to the wedge pattern could negate the bullish outlook for altcoins, so expectations should be managed accordingly.
The price of USDT.D has dropped from an ascending wedge pattern, which is typically a bearish reversal structure.
This indicates that capital may be shifting away from stablecoins like USDT and back into higher-risk assets like altcoins.
This collapse was confirmed by a strong red candle closing below the support trend line.
Historically, a decline in USDT.D indicates increasing market confidence and the potential for inflows into altcoins, igniting the momentum of altcoin season.
This could trigger a short to medium-term bullish trend in the altcoin market, especially if the collapse continues and trading volume rises on the downside.
Watch for continued downward pressure on USDT.D below the 5.30% level. If this level is lost and continues, altcoins may see strong rallies.
However, any sudden pullback or return to the wedge pattern could negate the bullish outlook for altcoins, so expectations should be managed accordingly.
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