$BTC $XRP #zerinho21_trader Let's talk about dominance $BTC ?
Do you know what it is and what it is for?
The dominance $btc is an indicator that measures the distribution of resources allocated in the Cryptoassets market, thus dominance is one of the main indicators of market behavior, it measures that for every U$1.00 that enters the crypto market, U$0.622 goes straight to $Btc, thus its rise or fall affects the market as a whole. Have you ever had that feeling when $Btc drops 1% and memes drop over 10%? So that's one of the reasons. Therefore, when this indicator decreases below 50%, we will start to have other protagonists like $Eth, $Sol, and the memes themselves. Of course, for better accuracy, other indicators are used in conjunction with this for better performance, such as RSI or IFR, which we will talk about another time!
If you liked it, leave your like to receive more content like this, here I won't just give you the fish, but I will teach you how to fish! #Zerinho21_trader
