I don't claim that i'm a good trader, But i can definitely say that i got some experience.
One of the few things i learnt about the market is to always check Bitcoin dominance index and USDT dominance index and total market cap index, they give a clear image of how the market is performing, where the money is allocated.
During the past two days,
BTC.Dominance has risen by almost 2%
USDT.Dominance have dropped by almost 3.3%
While the total Crypto market cap Gained 3.2%
it all translates that there had been money poured into BTC either by direct purchases (USDT$BTC) or by converting some alt coins into BTC.
Usually when that happens, it means there is an upward movement going to happen, this helps you take a decision to stay in the market or to exit.
$NEAR
#N4G #TOTALMARKETCAP #MarketAnalysis #BTC
One of the few things i learnt about the market is to always check Bitcoin dominance index and USDT dominance index and total market cap index, they give a clear image of how the market is performing, where the money is allocated.
During the past two days,
BTC.Dominance has risen by almost 2%
USDT.Dominance have dropped by almost 3.3%
While the total Crypto market cap Gained 3.2%
it all translates that there had been money poured into BTC either by direct purchases (USDT$BTC) or by converting some alt coins into BTC.
Usually when that happens, it means there is an upward movement going to happen, this helps you take a decision to stay in the market or to exit.
$NEAR
#N4G #TOTALMARKETCAP #MarketAnalysis #BTC
