Get rich easy with NanoHolder!!! Capsule 10
💵🔥 What's the purpose of USDT DOMINANCE? 🇨🇴📊
1. What is the DOMINANCE of $USDT?
Simple: It's the % of all the cash in the crypto market that is parked in USDT, or in "digital dollars".
If USDT dominance rises, it means people are selling their cryptos and shifting to dollars to avoid losses. They are scared, and it's a prime buying opportunity 😬
2. How does it relate to Bitcoin Dominance?
They are like the yin and yang of the market, my king 👇
- USDT rises + BTC falls = Total panic. Everyone sells BTC and altcoins to shelter in dollars. Time to have your finger on the trigger to buy cheap.
- USDT falls + BTC rises = Fear is gone. People pull their USDT from under the mattress and pour it into Bitcoin and altcoins. Time to look for longs 🚀
- Both drop = ALTSEASON, DAD! Cash flows out of USDT and BTC to go straight into smaller coins looking for that x50.
3. What's it for? What does it solve? 🌚🌝
It answers the million-dollar question: "Is the crowd scared or hungry?"
Just by looking at USDT dominance, you can tell if cash is waiting on the sidelines or if it's jumping into the ring. It's the market's fear thermometer.
How do I profit?
If you see USDT dominance sky-high and it starts to fall, that's a sign to hop on the bus. That's when the best entries are made.
And to trade like the pros, I go with Binance 👇
They have the USDT.D and BTC.D charts right there on the platform. No need to leave, no hassle. Plus, the fees are super low and the liquidity is insane so you can get in and out without getting hit with the spread.
Who else uses USDT dominance to trade? Are you tracking it this week? Share your insights, we all help each other out here 👀👇
#Binance #BinanceLatam #BinanceSquareBTC @Binance BiBi @Binance LATAM Official @Binance Square Official @Nano Holder $BTC $ETH Heads up, this is not investment advice.