So far i managed successfully to increase my profits and my portfolio size from the previous posts i shared here.
Now for me i believe it will be my final move for this cycle. It's been a long 3 years of accumulating, rotating and swing trading to be as close as i can to hitting my targets.
So for those who don't know what is the relation between USDT.D, USD Index and NASDAQ with the crypto market i urge you to do some research and compare between the charts, especially between USDT.D and BTC.
The correlation between cryptocurrency market prices and factors like USDT dominance, the USD Index (DXY), and the NASDAQ can provide valuable insights for spot trading strategies. Here's a structured breakdown:
1. Key Correlations
USDT Dominance:
Negative Correlation with Crypto Prices: Rising USDT dominance often signals risk aversion (investors moving to stablecoins), suggesting potential crypto price declines. Falling dominance indicates capital flowing into risk assets like Bitcoin, signaling bullish sentiment.
Use Case: Monitor trends—rising dominance may warn of bearish conditions; falling dominance suggests accumulation opportunities.
USD Index (DXY):
Inverse Correlation with Crypto: A stronger DXY (rising USD) often pressures crypto prices as investors favor traditional safe havens. A weaker DXY may boost crypto demand, especially in non-USD markets.
NASDAQ:
Positive Correlation with Crypto: Both are risk-on assets. NASDAQ rallies often align with crypto gains, while sell-offs may trigger crypto declines.
Use Case: Use NASDAQ futures/pre-market moves as sentiment indicators. Divergences (e.g., crypto lagging a NASDAQ rally) may signal trading opportunities.
I can't speak on your behalf nor give you an advice, but what i can do is to tell you what i am doing right now. I'm not buying the dip at this moment and will wait until the USDT.D reach the targeted region as shown in the chart.
Wish you all the best and again, kindly do fact check what i have shared and make up your own minds when it comes to utilizing market conditions in your favors.
Now for me i believe it will be my final move for this cycle. It's been a long 3 years of accumulating, rotating and swing trading to be as close as i can to hitting my targets.
So for those who don't know what is the relation between USDT.D, USD Index and NASDAQ with the crypto market i urge you to do some research and compare between the charts, especially between USDT.D and BTC.
The correlation between cryptocurrency market prices and factors like USDT dominance, the USD Index (DXY), and the NASDAQ can provide valuable insights for spot trading strategies. Here's a structured breakdown:
1. Key Correlations
USDT Dominance:
Negative Correlation with Crypto Prices: Rising USDT dominance often signals risk aversion (investors moving to stablecoins), suggesting potential crypto price declines. Falling dominance indicates capital flowing into risk assets like Bitcoin, signaling bullish sentiment.
Use Case: Monitor trends—rising dominance may warn of bearish conditions; falling dominance suggests accumulation opportunities.
USD Index (DXY):
Inverse Correlation with Crypto: A stronger DXY (rising USD) often pressures crypto prices as investors favor traditional safe havens. A weaker DXY may boost crypto demand, especially in non-USD markets.
NASDAQ:
Positive Correlation with Crypto: Both are risk-on assets. NASDAQ rallies often align with crypto gains, while sell-offs may trigger crypto declines.
Use Case: Use NASDAQ futures/pre-market moves as sentiment indicators. Divergences (e.g., crypto lagging a NASDAQ rally) may signal trading opportunities.
I can't speak on your behalf nor give you an advice, but what i can do is to tell you what i am doing right now. I'm not buying the dip at this moment and will wait until the USDT.D reach the targeted region as shown in the chart.
Wish you all the best and again, kindly do fact check what i have shared and make up your own minds when it comes to utilizing market conditions in your favors.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.