DOMINANCIA
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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 🤣 no young man; In BTCDOM we go slowly like when you go out with your grandmother to do the shopping 🤣.
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..
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 🤣 no young man; In BTCDOM we go slowly like when you go out with your grandmother to do the shopping 🤣.
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..
I was going to play a game of WR, I usually play it to kill time, I highly recommend it. But before entering the game I noticed that there is a certain antagonistic correlation between $BTC and #BTCDOMUSDT ...
The BTCDOM is an index that shows the BTC market share with respect to Altcoins..
I find this curious🤔 and I find it even more curious that the BTCDOM has a double top pattern in 1D.
This asset does not move much, to be honest, being an index it does not have as much volatility as BTC...
I would not operate it long where it is at this moment, as far as I know the BTCDOM is in a non-operatable area.
Tell me what do you think? Would you open a short in BTCDOM where it is currently?
$BTC
The BTCDOM is an index that shows the BTC market share with respect to Altcoins..
I find this curious🤔 and I find it even more curious that the BTCDOM has a double top pattern in 1D.
This asset does not move much, to be honest, being an index it does not have as much volatility as BTC...
I would not operate it long where it is at this moment, as far as I know the BTCDOM is in a non-operatable area.
Tell me what do you think? Would you open a short in BTCDOM where it is currently?
$BTC
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Can someone explain to me how the
#dominancia currency works?! When it is favorable for contributions or withdrawals 📈📊📉💰💸🤔
#dominancia currency works?! When it is favorable for contributions or withdrawals 📈📊📉💰💸🤔
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$BTC TO OPTIMISTIC TO BUY AT LOWER PRICES! 😜💰
#BTC MADE A SIMPLE MOVEMENT IN THE AFTERNOON OF YESTERDAY, CAPTURING A LIQUIDITY PRESENT BELOW THE BOTTOM; HOWEVER, IT WAS NOT ABLE TO CLOSE BELOW THE LAST CANDLES.
WE MAY HAVE SOME RETEST AT CLOSER TOPS, AND POSSIBLY, BY THE END OF THE MONTH, WE MAY SEE IT TEST LOWER PRICES.
#DOMINANCIA HAS REMAINED BELOW THE EXISTING PCL, WHERE WE MAY HAVE SOME DROP. IF IT
FALLS, IT WILL CORRELATE WITH A POSSIBLE
UPWARD MOVEMENT IN THE MARKET.
WHILE IF IT RE-TESTS THE PCL ABOVE, THE MARKET WILL
MOVE DOWNWARD TO TEST THE EXISTING PCL AND LF LEVELS.
MARKET CAPITALIZATION IS LOW, WITH
LOW LIQUIDATIONS, AMONG SEVERAL OTHER DETAILS, ALL CORRELATING.
#RUMOAOS200k #RUMOAOS150k $BTC
#BTC MADE A SIMPLE MOVEMENT IN THE AFTERNOON OF YESTERDAY, CAPTURING A LIQUIDITY PRESENT BELOW THE BOTTOM; HOWEVER, IT WAS NOT ABLE TO CLOSE BELOW THE LAST CANDLES.
WE MAY HAVE SOME RETEST AT CLOSER TOPS, AND POSSIBLY, BY THE END OF THE MONTH, WE MAY SEE IT TEST LOWER PRICES.
#DOMINANCIA HAS REMAINED BELOW THE EXISTING PCL, WHERE WE MAY HAVE SOME DROP. IF IT
FALLS, IT WILL CORRELATE WITH A POSSIBLE
UPWARD MOVEMENT IN THE MARKET.
WHILE IF IT RE-TESTS THE PCL ABOVE, THE MARKET WILL
MOVE DOWNWARD TO TEST THE EXISTING PCL AND LF LEVELS.
MARKET CAPITALIZATION IS LOW, WITH
LOW LIQUIDATIONS, AMONG SEVERAL OTHER DETAILS, ALL CORRELATING.
#RUMOAOS200k #RUMOAOS150k $BTC
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