Bitcoin D.Btc dominance forming a hidden bearish divergence as you can see in the charts. If the divergence works then we will observe the rise in altcoins .
.
.KEEP EYE ON BTCD.
.
.
DYOR!!!
Btcdominance
BTC Dominance, what could be next?Touched that 48% level that was predicted, in order to retest previous resistance.
Personally hoping for a double top and BTC D consolidating between 54 48 levels until bullrun arrives. But I also see 54% and even 57% as a possible final level (black swan).
Alt bags are ready for bullrun. Could definitely wait more for lower levels but many alts are at an insane discount already, its too risky not to be buying.
Meaning of rising gap in Market Cap chart: new capital inflowHello?
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(USDT chart)
I believe that the meaning of the gap that occurs in the Market Cap chart indicates whether funds are flowing into or out of the coin market.
Accordingly, I don't think the size of the candle or any other movements are very important.
I think the size of the candle indicates how many transactions are taking place.
Therefore, if the size of the candle begins to decrease and a gap begins to form, I think there is a higher possibility of creating a big wave in the coin market in the future due to the inflow or outflow of funds into the coin market.
As the size of the candle suddenly decreased, the gap began to rise.
If these movements continue to occur, the coin market is expected to eventually show an upward trend.
-------------------------------------------
(USDC chart)
I don't think changes in the USDC chart will have a direct impact on the coin market because there aren't many trading pairs that can be traded directly with USDC, i.e. the USDC market.
However, I think it depends on whether the investment products released in the stock market as coins will show similar movements to the stock market or whether they will show independent movements.
Therefore, it is likely that it will follow the stock market trend to some extent since it has currently gapped higher.
Currently, the only investment products released on the watch market are the BTC ETF and the ETH ETF in some countries, but since BTC is the leader in the coin market, it is expected to have some influence on BTC movements.
It is expected that the more coins are released as investment products in the stock market, the more likely they are to be associated with stock market movements.
-------------------------------------------------- ---
(BTC.D chart)
(USDT.D chart)
It is recommended to view the BTC dominance chart and USDT dominance chart together.
The reason is that
1. BTC dominance lets you know whether funds are concentrated towards BTC or altcoins.
2. This is because the overall trend of the coin market can be seen through the movement of USDT dominance.
Therefore, in order for the coin market to become a bull market, both BTC.D and USDT.D must maintain a downward trend.
If this is not the case and everyone maintains an upward trend, there is a high possibility that the coin market will show a downward trend.
Although you cannot know which specific coin (token) to invest in, you can tell by looking at the movement of BTC dominance or USDT dominance whether you should invest intensively in BTC or ETH, or altcoins.
Currently, BTC.D and USDT.D are showing an upward trend at the same time.
In this case, it is recommended not to trade as the coin market is likely to decline, but it is a time to intensively purchase BTC or ETH in the mid to long term.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
Bitcoin Dominance targetsCRYPTOCAP:BTC.D
Possible Targets and explanation idea
➡️Marked 2 main targets for Bitcoin Dominance
➡️Based on Take Profit indicator on weekly we can see test of "Take profit" line
➡️Marked green box zone where you can step by step sell and fix profit in altcoins
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
---
• Look at my ideas about interesting altcoins in the related section down below ↓
• For more ideas please hit "Like" and "Follow"!
🔥 Next Altseason Located: Watch The Bitcoin Dominance!Over the last months I've been fairly bullish on the Bitcoin Dominance (BTC.D). In other words, I think that BTC will outperform the average altcoin in the time to come. My most recent BTC.D analysis below.
In my eyes, the Bitcoin Dominance will continue to rise until it has reached the top purple line of resistance. Realistically, it can take another 6-8 months before we get there, right on time with the Bitcoin Halving.
Bitcoin is going to be, on average, the better investment over the next months. Only after we've reached the top resistance I'll be looking for long-term alt outperformance.
For the next bull-run / altseason, I'm looking at the bottom support to mark the end of the altseason.
Do you think that BTC will outperform alts in the coming months? Share your thoughts!🙏
Bitcoin Dominance crash is imminent!Overbought means a step down is very likely.
Hopefully with altcoin increase , alternative is total market crash!
Bitcoin Dominance AnalysisBitcoin dominance serves as a crucial indicator, offering insights into the broader altcoin market. Today, we observe a clear breakout from a cup and handle pattern, indicating a potential shift in market dynamics.
Key Resistance Levels Ahead: [/b
Resistance 1: 50.70%
Resistance 2: 50.91%
I anticipate pullbacks and increased activity in the altcoin market as a result. Keep an eye on potential opportunities! 🪙 🔍
USDT : Still time to realize profitsHello?
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-------------------------------------
(USDT chart)
(USDC chart)
As long as USDT funds are maintained, the coin market is expected to maintain an upward trend.
The decline of USDC is expected to make the coin market an independent market.
Accordingly, it is likely to show a different trend from the stock market.
(BTC.D chart)
(USDT.D chart)
If BTC dominance and USDT dominance decline simultaneously, the coin market is expected to create a bull market.
However, USDT dominance must fall below at least 7.14.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
Bitcoin Price and DominanceHello traders.
Sharing a Bitcoin analysis along with its dominance in the right panel.
🗓 Today (on 04/18) the price retraced to the exponential average of 21, in the 61.8% Fibonacci retracement.
💹 Continuing this bullish move, the next target by the Fibonacci projection would be at $ 31,387.00
Should there be a further correction, a possible entry point would be below the last low at $ up to $ 28,917.00, only after a confirmation of a bear trap.
🔎 Looking at the Bitcoin dominance chart on the right, we can see that the index is in an important region, testing the 200-period exponential moving average.
That said, we can outline the following scenarios:
🚀 🔴 If the crypto market continues to rise, but BTC dominance drops and does not break through this resistance, it means that Bitcoin will be performing worse against altcoins;
🚀 🔵 If the crypto market continues to rise, and BTC dominance rises, breaking this average, it means that Bitcoin price will perform better than altcoins;
🐻 🔵 If the crypto market undergoes a correction, and BTC dominance rises, it means that altcoins will be falling more than Bitcoin;
🐻 🔴 If the crypto market undergoes a correction, and the dominance of BTC falls, it means that Bitcoin will be falling more than altcoins.
I hope this helps.
USDT: Market capitalization without significant changeHello?
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(USDT chart)
I've seen an article saying that the market capitalization of stable coins has decreased significantly.
In fact, when looking at the USDT chart, which currently accounts for most of the funds in the coin market, it is in a very small state.
I think it was reported because the liquidity of the coin market has decreased so much that there are no other issues to worry about.
(1D chart)
USDT has shown significant volatility three times to form a high point.
The location corresponds to the section 82.098B-82.416B.
Therefore, if USDT is maintained above this range even if it falls to its maximum, I think the long-term trend of the coin market will not change.
-----------------------------------------------
(USDC chart)
It cannot be said that the decline of USDC had a significant impact on the coin market.
However, it can be seen that the decline of USDC played a role in lowering the correlation between investment products derived from the coin market, that is, the stock market.
Therefore, the further USDC falls, the more the coin market is expected to escape the influence of the stock market.
It is not easy to say definitively whether this trend is good or bad.
However, if we continue to move away from the stock market, regulations and pressure on the coin market will likely increase, so I think it is important to keep a reasonable line.
USDC's market capitalization also remains high.
However, I believe that the USDC market is not active and therefore has little influence on the coin market.
If the USDC market begins to expand beyond US exchanges to the rest of the world, then I believe that fluctuations in USDC will begin to have an impact on the coin market just like USDT.
In this sense, I think this is why the coin market is more likely to show independent movements different from the stock market even if the DXY continues to rise and the investment market enters a recession.
--------------------------------------------------
(BTC.D chart)
BTC dominance is expected to eventually rise and rise above 61.
The reason is that in order for BTC to show a full-fledged upward trend, BTC dominance must rise.
We've been talking about this for a long time, so I'll skip it.
-------------------------------------------------- ------
(USDT.D chart)
The SPX500USD chart shows the opposite movement to what was explained.
Therefore, if USDT dominance is maintained by rising above 8.16, there is a high possibility of renewing the new high (ATH).
The rise in USDT dominance needs to be closely observed because it is highly likely that the coin market will decline overall.
In order for this upward trend to turn into a downward trend, it must meet the HA-Low indicator and show a decline.
Until then, even if it declines, it is expected to just move sideways.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
Big-picture trading strategy revisitedhello?
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(BTCUSDT chart)
If it does not fall below the downtrend line, it is likely to rise.
An increase in trading volume is needed to break above the current price position, that is, near the M-Signal indicators on the 1W chart and 1M chart, but there is a possibility that it is holding it back from rising.
The reason may be to achieve a large increase at once.
The point that must be penetrated at once is above the 30495.92 section and above the point where the trend line of the 1W chart intersects.
Only then can you have the opportunity to break upward through the section your finger points to.
Any rise outside the current box is likely to lead to BTC's dominance.
Therefore, those who mainly trade altcoins need to be careful.
This is because once BTC's dominance begins, most altcoins are likely to gradually move sideways or show a downward trend.
The reason for this is that funds will be concentrated towards BTC for next year's BTC Halving.
This phenomenon is expected to gradually unravel once BTC dominance rises above 61.
Therefore, it is expected that that will be the time to purchase altcoins in earnest for the BTC halving.
If it touches the HA-High indicator of the 1M chart on the BTC chart and shows support, we expect that that will be the point where the coin market's full-fledged upward trend begins.
The next period of volatility for BTC will be around October 3rd.
Accordingly, there is a possibility that the day trading period may come to an end.
Therefore, we must prepare for the period of great volatility that will follow.
Periods of high volatility are likely to be the last decline before a full-fledged uptrend, that is, the section that forms a pullback.
However, this movement cannot necessarily be viewed as being expressed as a decline.
This is because it can show a big uptrend and then fall again, creating a pullback pattern.
Therefore, now is the time to focus on buying BTC or ETH.
I think that BTC 29K or lower is possible at this time.
If BTC rises above 29K, there is a high possibility that you will not buy BTC or ETH because you will think that it is more profitable to buy altcoins than to buy BTC or ETH.
For altcoins, the first purchase is completed when BTC is below 29K, and the second purchase is carried out when BTC is in the range of 32K-43K.
After that, full-scale purchases can be started after confirming support from the HA-High indicator of the 1M chart mentioned above.
This is the big picture, trading strategy in preparation for the BTC Halving next year.
Changing the big-picture trading strategy like this means that all trading strategies have been designed incorrectly, so an unprecedented situation will arise where all trading must be stopped.
Therefore, the big picture trading strategy should not be modified.
If you cannot create a big-picture trading strategy, you need to be careful because you cannot start trading from a long-term perspective, that is, farming.
Long-term trading, i.e. farming, is a mental battle.
That's why being able to stabilize one's psychological state is an important factor.
Therefore, if you cannot plan a big-picture trading strategy, you will not be able to trade from a long-term perspective because you will not be able to withstand changes in psychological state caused by price volatility.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- After falling to its lowest point since Monday late in yesterday’s session, bitcoin (BTC) was marginally higher today.
BTC/USD fell to a low of 26,389.30 on Thursday, and at the time of writing, has rebounded to 26,641.77.
still remains below yesterday’s peak of 26,786.10 and almost 1,000 away from a recent three-week high.
The decline comes as the 14-day relative strength index (RSI) fell to a one-week low in the last 24 hours, before finding a stable floor.
price strength is tracking at 50.77, which is marginally above the aforementioned support at 50.00.
Should bulls opt to reenter after recent days of consolidation, they will likely target the 56.00 level on the indicator.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
When the general trend is rising, the flow of funds...Hello?
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(USDT 1D chart)
The key is whether it can rise and maintain the gap above 83.475B.
I believe that a large candle size means that a significant amount of funds are moving or being used for trading.
Therefore, I think the size of these candles that have been showing recently should become smaller than before.
Until then, the period of profit realization is expected to continue.
The time of profit realization and the time of day trading coexist.
This is because the final stage of profit realization is day trading.
Therefore, the day trading period ends with significant volatility.
Large volatility can appear either upward or downward.
In whatever form it appears, it will be moved to the vicinity where large volatility begins to appear.
After that, it is expected that the mainstream upward trend we have been hoping for will begin.
---------------------------------------------
(USDC 1D chart)
Although we created HA-Low and HA-High indicators, it is surprising to see a different interpretation method than what we created.
The original purpose of creating it was to conduct transactions using Heikin Ashi.
If you check the formula, you will see that it is a very simple formula.
Therefore, if the price is located near the HA-Low indicator, it means that the current price is located in the low range.
Accordingly, if it falls below the HA-Low indicator, there is a high possibility of renewing the previous low point.
Conversely, if it rises above the HA-High indicator, there is a high possibility of renewing the previous high point.
Therefore, when the general upward trend begins, the HA-High indicator appears as a stepwise rise.
I learned that when this type of trend, that is, a stepwise rise or fall, meets other indicators, it enters a trend reversal phase.
Therefore, for USDC to turn into an upward trend, it must meet the HA-High indicator.
The current HA-High indicator is located around 43.294B, so you can see that it is quite far away.
-------------------------------------------------- -----
(BTC.D chart)
I believe that BTC dominance must rise to at least 61 for a major uptrend to begin.
Therefore, no matter what the coin market looks like, we expect BTC dominance to eventually rise above 61.
Accordingly, the coin market is expected to conclude the day trading period with a rapid rise in BTC dominance.
A rise in BTC dominance ultimately means that funds in the coin market are concentrated towards BTC.
Therefore, caution is required as altcoins are likely to see a large downtrend.
-------------------------------------------------- --------
(USDT.D chart)
I think USDT dominance reflects the current direction of the coin market well.
Therefore, if USDT dominance rises, the coin market as a whole is likely to decline.
Conversely, if USDT dominance falls, the coin market as a whole is likely to show an upward trend.
One thing to consider here is the role of BTC dominance.
No matter how much USDT dominance falls, if BTC dominance does not fall along with it, only BTC will show great volatility and altcoins will show sideways or downward trends.
Therefore, in order to see the movement and flow of funds in the coin market, I think you should at least look at the BTC.D chart and USDT.D chart together.
When the day trading market closes and enters a period of high volatility, only BTC will see large price movements and altcoins will show sideways or downward trends, as described above.
This is the second buying period for altcoins from a mid- to long-term perspective.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
Bitcoin' s DOMINANCE is looking Bullish BTC is now retesting the bullish breakout and if succeed, btc dominance will continue moving upwards. If same time , btc pumps, this is a good sign for bulls. If same time, btc price plunges, this will be doom for bulls. And both cases, altcoins' prices will suffer if BTC dominance goes up. Due to increasing volatility, be careful hold on guard and use stops.
NOT FINANCIAL ADVICE.
The day trading period is an opportunityHello?
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(BTCUSDT chart)
The key is whether it can rise above the HA-Low indicator on the 1D chart and above 26.1K.
If not, there is a possibility of renewing the previous latest low range.
As of now, the previous low range is 24800.0-25166.0.
I believe that the current coin market has moved from the profit realization period to the day trading period.
If the time to realize profit is the time to just sell, the time to do day trading corresponds to the time to sell for washing dishes.
In these times, great volatility will occur in the near future.
I don't think this large volatility necessarily translates into a downside.
Therefore, I hope you will think of it as meaning that you will break away from the sideways in the box section that is currently showing.
It is highly likely that volatility will occur to the extent that individual investors may not be able to trade consciously, so it is best to stop trading and take a wait-and-see approach whenever possible during these sensitive times.
However, since it is believed that we have entered a period of day trading, there is a possibility that altcoins will undergo circular pumping.
Therefore, if you are familiar with day trading and short-term trading, this will be an opportunity to earn a lot of profit.
If you are not familiar with day trading, it is best to trade as if you are practicing day trading or short-term trading with the idea of making the first purchase of altcoins for mid- to long-term investment.
If the purchase is equal to the proportion of the first purchase of altcoins, you can wait until BTC rises to the 32K-43K range.
Then, when BTC rises more than 32K, you can sell the amount of the purchase amount and leave the number of coins (tokens) corresponding to the profit, or start a secondary purchase.
If BTC rises above 32K, most altcoins are likely to gradually move sideways or begin to decline since funds in the coin market are concentrated towards BTC.
When making a secondary purchase like this, if it rises above 43K or shows support near the HA-High indicator of the 1M chart, you can proceed with a full-scale purchase.
The target point for this full-scale buying is next year's BTC Halving.
During day trading, BTC's movement is bound to slow down.
Therefore, it may not be a good idea to wait for the end of the day trading period and significant volatility to trade only BTC.
The reason is that your psychological state may become unstable.
The important thing in investing and trading is to stabilize your psychological state.
If your psychological state continues to be unstable, transactions may continue to take place in the wrong direction.
Therefore, whether you are trading at a loss or making a profit, you must make a transaction that can stabilize your psychological state.
You may ask, “How can you stabilize your psychological state when you are losing money?” However, since the current market atmosphere corresponds to the day trading period, it is possible to train your trading taste(?) and hand feel(?). It is possible because it is the right time.
It is also a good idea to make profits by trading only in mid- to long-term transactions.
Instead, you should not pay attention to the investment markets until significant volatility occurs.
The reason is to avoid creating psychological problems.
The standard for high volatility is defined as when BTC fluctuates by about 10% per day.
Therefore, I think it is better not to pay attention before then.
So, when can we know that the day trading period has ended?
When BTC experienced significant volatility???
Yes, this is correct, but
(BTC.D chart)
We believe this is when BTC dominance showed a significant rise and rose to around 60.
It can rise up to around 68, and if it rises higher than that, the coin market is expected to enter a recession.
However, I don't expect that to happen due to the big event next year.
Therefore, when BTC dominance rises to around 53, it is recommended to reduce day trading to prepare for greater volatility that will occur in the future.
If BTC falls due to large volatility,
Considering the current point in time
1st: 24800.0-25166.0
2nd: 20050.02-22826.15
3rd: 16738.21-17880.71
It is important to receive support in the 1st to 3rd areas above.
However, since there is a high possibility that it will receive support and rise near the 1st and 2nd sections, it is a good idea to think about a plan to respond to this.
This is because, as always, the movement does not come close to what we expected.
The basis for this is that the coin market does not lose as much money as expected.
(USDT chart)
So, you need to prepare for a decline, but you also need a trading strategy that allows you to buy when it falls.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
BTC Dominance 1D IntervalHello everyone, I invite you to checking the current situation of BTC's Dominance over the rest of the cryptocurrency market. At the beginning, we will mark the downtrend with the yellow line, which ended with an uptrend and a transition to the uptrend channel indicated with the help of the blue lines. As we can see, we have a sideways breakout from the channel, at this point it is worth watching whether we will see a return to the designated channel or a larger downward move.
When we turn on the EMA Cross 200, we see that the opmination is still above the 200 trailing, which confirms that it remains in a strong uptrend.
Going further, we can use the trend based fib extension tool to determine support on the chart and here we will first mark the visible support zone from 48.56% to 47.42%, then support at 46.30%, and then the second strong support zone from 44.68% to 42.61%.
Looking the other way, we will similarly mark the zones that should be a significant resistance in taking over the market dominance and here in the first place there is a strong resistance zone from 52.05% to $ 54.04, when we leave it above we will move towards the second zone from 55, 62% to 57.21%.
Please note the CHOP index which indicates that the collected energy is used to decrease dominance, on the RSI we have a return to the lower part of the range, however looking at the STOCH index we can see that the energy indicates impending depletion which may slow down further decline.
BITCOIN DOMINANCE(BTC.D) will go down.
* 1D
The long-term upward trend line has been broken.
Therefore, the possibility of further declines seems high.
First of all, the important point is whether the 48.80% range, which is an important support line, is broken.
If this section is broken, it is likely to continue to fall.
Based on this, Alts bull market is coming.
$BTC Daily UpdateCRYPTOCAP:BTC given support at $25,336 in effect, $25,336-$26,333 current range, RSI on 4H and 1D both looking poor awaiting sign of reversal here with very low volume. Watch given S/R
A rise above 83.318B with a gap signals a trend reversalHello?
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(USDT chart)
What is important in the market cap chart is whether a gap has occurred.
In a market that operates 24 hours a day, 365 days a year, the occurrence of a gap means that funds are moving rapidly.
In that sense, I think the rise in the gap is the basis for the inflow of new funds.
On the contrary, I believe that the gap decline is evidence that funds have flowed out of the coin market.
Accordingly, the key is whether the gap can rise above 83.318B.
I do not think that the movement of candlesticks has much to do with the inflow and outflow of funds on the basis that trading is actively taking place.
-------------------------------------------
(USDC chart)
The gap is showing an increase above 26.143B.
The key is whether the gap can rise above the HA-Low indicator (26.212B) on the 1D chart and be maintained.
What is important is whether this gap increase can serve as an opportunity to change the trend.
------------------------------------------------
(BTC.D chart)
BTC dominance is located around 50.
It can be interpreted that funds were moved from the altcoin side to BTC.
This trend is expected to continue until around 61-68.
This trend is expected to take place due to the BTC Halving next year.
-------------------------------------------------- ----------
(USDT.D chart)
If it shows support around 8.03, it is expected to renew the new high (ATH).
The section that begins to be considered a bullish market will be felt as it falls below 6.6.
Accordingly, what you should focus on now is BTC or ETH.
Since altcoins have fallen a lot now, you might think that if you buy now and wait, you can make big profits.
However, the waiting is quite tedious and dangerous.
This is because psychological anxiety can increase due to fear of not knowing when the trend will turn to an upward trend.
Therefore, below BTC 29K, you need to focus on BTC or ETH and increase the number of coins you hold.
Also, it is a good idea to make the first purchase of a coin (token) among altcoins that you think is worth trading in the mid to long term.
The reason for making the first purchase is so that you can feel the price changes directly.
Secondary buying of altcoins can begin when BTC rises above 32K.
However, secondary purchases of altcoins can be made slowly since the range is currently quite large, up to 43K.
In order to trade, we need to have a trading strategy in mind.
As mentioned above, this trading strategy must be gradually developed into a detailed trading strategy based on a mid- to long-term trading strategy.
What is important here is that the mid- to long-term perspective, that is, the big-picture trading strategy, should not change.
This is because if you frequently change the big picture trading strategy and are unable to match the detailed strategy accordingly, you may proceed with trading in the wrong direction.
Day trading is a good trading method in that respect.
However, day trading may be less profitable than mid- to long-term trading, so it is recommended to combine it with mid- to long-term trading.
The obvious coins for mid- to long-term transactions are BTC or ETH.
So, I am saying that the current position is a time to focus on BTC or ETH.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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BTC Dominance: is a (small) drop in dominance coming?Did a short (Fib-)analyses on bitcoin dominance (BTC.D).
Marked out the bigger yearly, quarterly and monthly levels as well.
Bitcoin dominance has been in an upward trending channel for about 45 weeks.
Just recently it fell through the bottom of the channel.
It is now below the former weekly support level and the former Low of Week level.
I've drawn a downward trendline (dotted white) that seems to be forming.
Is a (small) drop in dominance coming. And if so, are we falling back to ca. 44%.
That would mean a drop of 12%.
Too early to call altseason, but I'm keeping my eye on the dominance the coming days and weeks.
BTC Dominance: Overbought Altcoins and Reversion to the MeanWith many altcoins appearing overbought in relation to Bitcoin (BTC), as evidenced by the Relative Strength Index (RSI) across multiple timeframes and lengths, there is a strong possibility of a reversion to the mean (a BTC Dominance bounce up from around the physiological 50% level).
Most often it is argued to not use the RSI as an oversold/overbought indicator but I have always found it very useful when used in confluence with many lengths and timeframes, as a mean reversion indicator. (as seen in this chart)
Although I don't have a predefined profit target or stop-loss in this scenario, the chart suggests a potential reversion to the mean for BTC gaining strength over the rest of the cryptocurrencies.
Significant volatility period: starting around September 6hello?
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(USDT chart)
It touched around 82.959B on the falling candlestick.
Therefore, the rise and fall of candlesticks that do not gap should be interpreted as triggering trades.
That's why you don't have to be afraid of falling candlesticks.
What you should be afraid of is when it drops, creating a gap.
This is because it is seen as a phenomenon of outflow of funds from the coin market.
Around August 7th, we can see that funds have flowed out of the coin market as the gap down begins.
When the take profit period is over, we expect it to start moving sideways and then start to rise.
I don't think there will be a downturn in the coin market unless USDT falls below 80.986B.
However, there is only a slight pain in waiting.
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(USDC chart)
USDC is likely to be funds from US-based investment companies or institutions.
Therefore, when USDC shows an upward trend, I think good news will start to come from the US side.
If the gap rises above 26.525B and is maintained, good news is likely to emerge.
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(BTC.D chart)
Altcoins are bouncing as BTC dominance falls below 50.
However, it is only exciting, but it seems to be returning to its original place.
Therefore, in order to trade altcoins, a quick response is required through day trading or short-term trading.
I think the section where you start to think that the pumping of altcoins has started is when it drops below the 47.64-48.81 section.
The pumping of these altcoins is highly likely to cause a strong downtrend in the coin market soon, so caution is required.
In order to welcome a proper altcoin bull market, BTC dominance must rise above at least 55.01 and then start to decline.
For now, I expect it to rise to around 61.73-68.72.
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(USDT.D chart)
A big rise occurred as it rose above 7.14-7.39.
An increase in USDT dominance means that the coin market is likely to go down.
If it remains above 8.12, it is expected to renew the new high (ATH).
Unless USDT dominance shows a decline, the coin market as a whole will draw a downward trend.
(1D chart)
Accordingly, it is expected that it will be important how it behaves during the volatility period between about 6th and 16th September.
At this time, if it does not fall below the minimum of 7.62, USDT dominance is expected to maintain an upward trend in the end, so caution is required.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** The trading volume indicator is displayed as a candle body based on 10EMA.
Display method (in order of boldest)
More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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Bitcoin Dominance: Key Insights for TradersGreetings dear traders, let's analyze Bitcoin Dominance chart!
The Bitcoin Dominance chart is currently perched just above the crucial 49% mark, a pivotal level recognized for its significance as both support and resistance over the long term.
Delving deeper into the analysis, the Relative Strength Index (RSI) reveals an intriguing development—a notable oversold signal. This could potentially be indicative of an impending price rebound.
Zooming out, our attention is drawn to the nearest resistance point, situated around the downtrend channel resistance. This obstacle aligns closely with the 50% dominance threshold. The convergence of these factors presents a compelling scenario: a potential rebound from this resistance could spark altcoin season.
