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Btcdominance

Volatility occurs in funds in the coin markethello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) (BTC.D 1D chart) (USDT.D 1D chart) The volatility shown 2 days ago has been corrected and appears to be displayed correctly. In this way, market cap charts are often displayed properly after at least 1-2 days have elapsed. - USDT turned from falling to rising, - USDC is still on a downtrend, - BTC dominance shifted from gap down to up, - USDT dominance also shifted from falling to rising in the gap. We believe that gaps in the USDT and USDC charts are caused by the inflow or outflow of funds into the coin market. BTC dominance and USDT dominance can also cause gaps. However, the dominance chart believes that trends are more important than the occurrence of gaps. Accordingly, The upward trend in BTC dominance means that the money in the coin market is concentrating towards BTC. When funds are concentrated towards BTC 1. When funds are concentrated as the BTC price rises 2. If the BTC price falls, but the fall of the altcoin is greater than the fall Cases 1 and 2 above. Therefore, I believe that BTC dominance shows the movement of funds in altcoins rather than movements in BTC. Therefore, it can be inferred that BTC dominance must be in a downtrend to buy an altcoin. BTC dominance is expected to rise to around 61.73 from a mid- to long-term perspective, so caution is required when trading altcoins. USDT dominance must show an unconditional downward trend, so the coin market as a whole is likely to show an upward trend. Therefore, it is time to start trading when USDT dominance begins to decline. No matter how much the USDT dominance continues to rise, it creates waves, so trading is possible according to the waves. Currently, USDT dominance is showing a rise above 7.14-7.39. So, a support around 7.39 could lead to a rise above 8.12. Changes in the trend of the coin market are expected as we have seen changes in the money in the coin market. We would appreciate it if you could refer to the BTC chart description for the timing of the change. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
CRYPTOCAP:USDT.D
by readCrypto
📈BTC.D analysis, ready to fall below the📉CRYPTOCAP:BTC.D Hello Traders, please check out my previous ideas. As indicated in the chart, Bitcoin Dominance can return to the yellow range before moving upwards. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
CRYPTOCAP:BTC.DShort
by CrazyS
USDT is looking to enter a new phaseHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT chart) The OBV, indicated by the 'Vol & Trend' indicator, is about to turn from buying to selling. Therefore, the possibility of volatility in the coin market is increasing. Similar to the present situation, It looks similar to the chart above. Therefore, if USDT starts to decline, it is expected to show a similar flow to the previous chart when it is supported and rises around 82.959B-83.333B. -------------------------------------------------- (USDC chart) If USDC remains below 26.129B or continues to fall, it is expected that a crisis in investment products or stocks related to the stock market will occur. Therefore, caution is required if you are investing in investment products or items that are related to the stock market and coin market. Since the funds leading the coin market are likely to be funds inflow through USDT, the continued decline in USDC is not expected to have a significant impact on the coin market. However, since USDC's continued decline causes the stock market and the coin market to separate, the coin market itself is highly likely to show a different look from the stock market. -------------------------------------------------- ---------- (BTC.D chart) It is expected that BTC dominance should fall below 47.64-48.80 for the altcoin bull market to start. Therefore, when BTC dominance shows a decline until then, quick trading is needed from a short-term and day trading perspective. BTC dominance is expected to rise in the 56.78-61.73 range and form a new trend afterwards. -------------------------------------------------- --------------- (USDT.D chart) USDT dominance is rising above the 6.85-7.27 range. Therefore, the coin market is more likely to show a downward trend. A large trend in the coin market is expected to form when USDT dominance breaks out of the 6.21-8.25 zone. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** 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. ---------------------------------
CRYPTOCAP:USDT
by readCrypto
2
HBAR To Gain in Crypto Market DominanceHBAR's market dominance looks like it wants to move towards 0.9 -> 1%. This would be a pretty massive increase in its position in the crypto total market. Weekly dominance has held around the same levels for quite some time now, with a previous breakout that moved back down to support. It has since broken out a 2nd time. RSI and MACD indicated this divergence before it occurred, and MACD has recently flipped green. The overall weekly trend can be placed within a parallel channel, in which its move back up from support began at channel bottom. This could mean HBAR dominance is about to move back towards the top of its channel, gaining significantly in market dominance - up to approximately 450%. It is possible we see HBAR making a move to take its place within the top 10-20 cryptocurrencies in marketcap and market dominance. Also, a strong chance we at least see a move back towards the center of the channel above, which would still approach 230% Keep an eye on CRYPTOCAP:HBAR
CRYPTOCAP:HBAR.DLong
by dudebruhwhoa
TOTAL2 Hi Folks, What is TOTAL2? 🔺For our new members: --Total: It is the data that shows the total value of the entire cryptocurrency market. --Total2: It is the data that shows the total value of all altcoins (excluding Bitcoin). 🔺Our Total2 data reached a record high of $1.70 trillion during the previous rally, followed by a sell-off wave that led to a drop to a local low of $435 billion. 🔺During this period, we witnessed many altcoins being delisted from the market or experiencing drpos of up to 90% in value, which was quite painful to watch. 🔺Technically speaking, we can say that this data set, which broke the downtrend, exhibited a consolidation performance in the first half of 2023. 🔺While tracking TOTAL2, we should not forget about stablecoins. It would be overly optimistic to say that the money exiting Bitcoin will flow into altcoins because we are currently not in a "bull rally" phase. The money leaving Bitcoin can also enter stablecoins. 🔺In the previous paragraph, I want to convey the following: It is now overly optimistic to say that if BTC.D (Bitcoin dominance) decreases, altcoins will rise. The money leaving Bitcoin may enter stablecoins, which could cause an increase in the TOTAL2 data, but it does not necessarily mean that altcoins will increase. Things to Know Before Investing 🔺In the second part of this article, we will discuss what needs to be known before making investments. 🔺First and foremost, we are currently in a consolidation zone from a technical standpoint, as you can see on the chart. The decisions of the Federal Reserve (Fed) will directly affect this consolidation process. Especially on the day this article was written, there is an 80% probability of a 0.25 basis point interest rate hike at the next Fed meeting. 🔺Even if the Fed ends the interest rate hike process, experts predict that interest rates will remain high until 2024, and 10-year bond yields are already above 3.50%. While interest rates are at such high levels, it is still too early to expect a significant bull season for risk assets. 🔺As if the Fed alone is not enough trouble, we also have the Securities and Exchange Commission (SEC) going after altcoins. In recent days, the SEC filed lawsuits against both Binance US and Coinbase. However, to understand these lawsuits most simply, it is necessary to look at the Ripple case, which has been fighting against the SEC for years. The outcome of this case is likely to set a precedent. 🔺There is one important thing not to be forgotten: Even ETH was distributed/sold at very cheap prices to raise the necessary funds during its initial sale (approximately 16%). Unfortunately, this harsh reality exists for altcoins, and unreliable projects are prone to failure. Bitcoin, on the other hand, stands apart from altcoins as it never had an initial sale. We will address this topic again in another article. Technical Data 🔺Altcoins haven't died; they are struggling to survive and providing buy-and-sell opportunities with high-profit margins to investors who use the right channels. 🔺Looking at TOTAL2, we can see that the downtrend was broken in January 2023, and it is consolidating and gathering strength before the next bull rally. 🔺$1.06 trillion is a critical pivot (fib 0.5). If there are closing prices above this level, we can say that the bull market has arrived. Otherwise, it will still present reasonable profit opportunities but will remain a reaction rally. 🔺Additionally, during the 2017-2018 rally, there were around 1,000 (let's leave the exact number to those who remember) altcoins, whereas currently there are over 25,000 altcoins. Choosing the right altcoin is crucial when there is a significant amount of money in the market. The number of slices in the cake has increased at least 25 times. 🔺Currently, the TOTAL2 data is testing the "AlphaTrend Sell Zone" resistance at $540 billion. If there are no closing prices above this level, selling pressure could increase. 🔺While the MACD generates buy signals, the RSI is struggling to break the 50-point resistance on the daily chart. If the RSI can close above 50 points, we can anticipate an acceleration in the upward momentum; otherwise, we expect increased selling pressure. Bonus Chart 1: BTC.D 1W 🔺Bitcoin dominance continues to increase. Closing prices above 50.15 points can push Bitcoin dominance up to 54 points, which is expected to hinder the strengthening of the TOTAL2 data. Bonus Chart 2: BTC.D vs ETH.D (Last 1 Month) 🔺In the past month, we witnessed Bitcoin dominance surpassing Ethereum dominance. But why? 🔺In its simplest form, we can say that the applications for spot ETFs for Bitcoin have played a role in this. Dear reader, if you have read this far, I'm sure you have enjoyed it. You can give me feedback by liking and commenting. And if you happen to click on the share button, you can share this knowledge with people in your circle and together we can become stronger.
CRYPTOCAP:TOTAL2Long
by burakkesmeci
3
BTC Dominance ReviewHello everyone, I invite you to check the current situation of BTC Dominance over the cryptocurrency market. first of all, we will mark the local downtrend channel in which we are moving, and what is more, we are approaching its upper limit. Now we can move on to marking the places of support in the event of a correction. And here it is worth marking two support zones. The first zone starts at 49.88% and continues to 49.50%, then we have the second support zone from 48.87% to 48.45%. Looking the other way, in a similar way using the fib retracement tool, we will mark the resistances that BTC dominance has to face, and here we first have resistance at 50.79%, then we have a strong resistance zone from 51.53% to 52, 11%, followed by resistance at 52.73% and further at 53.56%. When we look at the RSI indicator, we see a strong increase and room for further upward movement, but the STOCH indicator gives information that the energy in this movement is running out, which may stop the current upward movement.
CRYPTOCAP:BTC.D
by cryptodailyuk
The key is whether USDT dominance can fall below 6.85-7.27hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT chart) A rise in the gap broke the previous latest high. USDT is renewing all-time highs. (USDC chart) If USDC continues to gap down below 26.129B, there could be problems with investment products launched for the coin. Therefore, caution is required if you are investing in coin-related investment products released on the stock market. (BTC.D chart) It needs to fall below 47.64-48.80 to trigger an altcoin bull run. If not, you need to be careful when trading altcoins. For Altcoins, when BTC is below 29K, the first round of purchases will be made. In the second round of buying, BTC buys in the 32K-43K range. I think the time to buy in earnest is when BTC's HA-High indicator on the 1M chart is supported and trying to rise. Depending on your investment period and trading strategy, short-term trading is possible by selling the first purchase in the second purchase period. For reference, BTC dominance is expected to touch around 56.78-61.73. (USDT.D chart) During this volatility period of USDT dominance, around July 5th-August 2nd, it is finally showing a rise above 7.27. In the big picture, USDT dominance is expected to break out of the 6.21-8.25 zone before a new trend is formed. Therefore, it is likely to deviate from the 6.85-7.27 section and in the direction of movement. For reference, USDT dominance must fall to indicate an upward trend in the coin market. The next period of volatility is around August 21-28. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** 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. ---------------------------------
CRYPTOCAP:USDT.D
by readCrypto
1
Buy period: 1754.58-1913.79 (volatility period: around August 3)Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ETHUSDT chart) (1W chart) The Bollinger bands are beginning to contract, and the contraction range covers the roughly 1168.36-1862.0 interval. Therefore, to continue the uptrend, we need to see support around 1862.0. However, even if it drops temporarily, if it shows support around 1611.62, it is expected to show an upward trend. (1D chart) The chart looks complicated, but the important support and resistance zone is the 1572.69-1862.0 zone. If supported and rising in this section, it is expected to rise around 2531.05-2871.13. Among them, the 1757.58-1913.79 section corresponds to the buying section. Therefore, if it is confirmed that it is supported in this section, it is possible to buy. -------------------------------------------------------- In order to trade altcoins, it is recommended to check the movement of BTC dominance. (BTC.D chart) BTC dominance gives you a rough idea of whether the money in the coin market is concentrated towards BTC or altcoins. Therefore, in order to trade altcoins, it is recommended to proceed when BTC dominance is showing a decline. Looking at the big picture of BTC dominance, it is expected to touch around 56.78-61.73. Therefore, even if the current BTC dominance declines, it is expected to continue to rise eventually, so it is recommended to approach altcoins with day trading or short-term trading. However, if you want to trade in the mid- to long-term, 1st: BTC 29K or less 2nd: BTC 32K-43K 3rd: Over 43K You can proceed with the split purchase in the first to third steps above. The third period corresponds to the full-fledged buying season. Therefore, when you are in the BTC 29K-32K range, it is a good idea to look for an altcoin you want to trade. To do so, we need to find the support and resistance sections of the altcoins in the big picture and see what kind of movement they show in that section. --------------------------------------------------------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** 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. ---------------------------------
by readCrypto
Coin market funds are starting to move againHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT chart) Looking at the 1D chart, The gap rose above the HA-High indicator on the 1D chart. I think this movement of USDT tells us that funds are flowing back into the coin market. Therefore, since it has started to move away from this short-term sideways, it is expected that the coin market will experience great volatility in terms of the historical USDT flow. I think the key interpretation method is to use Bollinger bands as a concept of contraction and expansion. --------------------------------------- (USDC chart) Below 26.129B may trigger a red flag for USDC, so careful trading is required. Extreme outflows of funds can be dangerous by disrupting the flow of funds, so caution is required. -------------------------------------------- (BTC.D chart) It seems that the HA-High indicator on the 1W chart will be created at the 49.72 point. Accordingly, it is necessary to check whether it is supported or resisted around 49.72. BTC dominance is expected to rise around 56.78-61.73 and then pick up its direction again. Therefore, I think it is advantageous to do day trading or short-term trading when trading altcoins. If you want to trade altcoins from a mid- to long-term perspective, you need to find and observe the altcoins you want to trade in the BTC 29K-32K range. Then, you should proceed with the second purchase by looking at the flow of altcoins in the BTC 32K-43K section. ------------------------------------------------ (USDT.D chart) It is necessary to check which direction the USDT dominance deviates from the 6.85-7.27 range. Looking at the big picture, it is expected that the trend of the coin market will be formed only when it moves out of the 6.21-8.25 range. Therefore, rather than looking at the chart from a day trading perspective, I think it is better to look at the chart from a mid- to long-term perspective and reorganize your trading strategy in the future. The volatility period for USDT dominance is around July 5th - August 2nd. I think the key is whether there can be a movement out of the 6.21-8.25 section in this volatility period. USDT dominance must fall so that the overall flow of the coin market will show an upward trend. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** 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. ---------------------------------
CRYPTOCAP:USDT
by readCrypto
BTC.D - global growth and local level retestHello everyone Today we will consider not just a coin, but the dominance of bitcoin in the crypto market - BTC.D. For two years in a row, the dominance traveled in the range and finally recently came out of an insanely long trade for the level of 48%. But against the background of the history with XRPUSDT, BTC.D will probably make a retest of this level and descends even higher to 57%. Locally, BTC.D is still expected to fall. We must also not forget about the divergence on the ETHBTC cross-pair in favor of the growth of ETH and all altcoins.
CRYPTOCAP:BTC.D
by CRYPTOVALUTCHIK
The key is whether the price can sustain a rise above 32259.90Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSDT chart) The calculation formula of the Volume Index Osc indicator included in the 'Vol & Trend' sub-indicator has been changed. The Volume Index Osc indicator utilizes the formulas of the PVI and NVI indicators to distinguish buying and selling times according to changes in trading volume. Therefore, the part marked in orange means the time to buy. For reference, the OBV indicator included in the 'Vol & Trend' sub-indicator shows the increase and decrease in buying and selling forces due to changes in trading volume in accordance with price changes. (1M chart) Depending on where the candle closes this month, it is highly likely that a new HA-Low indicator on the 1M chart will be created. If the HA-Low indicator on the 1M chart is created and it shows support around it, it will be the time to buy the first full-scale from a long-term perspective. Currently, the HA-Low indicator of the 1M chart is formed at 21023.14. So, you might ask if the support at 21023.14 was a full-fledged buying period. The reason I didn't say that it was a full-fledged buying period at 21023.14 was because it was located below the MS-Signal indicator. Keeping the price above the MS-Signal indicator means that there is a good chance of continuing the uptrend from a trend perspective. Therefore, if the HA-Low indicator on the 1M chart is generated near the MS-Signal indicator, it is highly likely to show a full-fledged uptrend. (1W chart) It rose above the HA-High indicator on the 1W chart and rose above the previous high of 31000.0. Thus, the basic interpretation method of the HA-High index has been achieved. If it rises above the support and resistance zone of 32259.90-35286.51, the next previous high is at 48189.84. Therefore, it is expected to show a move towards the 45135.66 area. To that end, the HA-High indicator on the 1W chart is expected to rise again and be created. The 32259.90-35286.51 section corresponds to the boundary between an uptrend and a downtrend when viewed from the big picture, so it is significant that it rises above this section. If it fails to rise, you should check for support around 26574.53-27590.60. (1D chart) As it rose above the HA-High indicator on the 1D chart, it renewed the previous high again. The 1D chart includes a Trend-Based Fib Extension tool. The Fibonacci chart on the left is based on a downtrend, while the one on the right is based on an uptrend. Therefore, if the price holds above 32259.90, 1st: 34197.22-35045.0 2nd: 37253.81 3rd: 39260.17 The key is whether it can break through the above 1st-3rd areas upwards. The next volatility is around August 21st. Therefore, it is necessary to check if the trend can be formed by breaking out of the 28923.63-32259.90 area. ------------------------------------------------- (DXY chart) (BTC.D chart) If BTC dominance drops below 50.49, it will be an illusion that an altcoin bull market has begun. For this illusion to be true, it needs to fall below the 47.64-48.80 zone. (USDT.D chart) We need to see if the USDT dominance drops below 6.85 to get resistance. If not, it is likely to rise above 7.27. When USDT dominance drops below 6.21, the coin market will feel that the bull market has begun. BTC dominance rises around 56.78-61.73, and then begins to fall before the real bull market begins. Therefore, I think it will induce losses for individual investors as it swings up and down before rising to around 56.78-61.73. Therefore, if you do not want to hold from a long-term perspective, it is better to increase the number of coins (tokens) corresponding to profits while responding in the short term. Although it is showing a sharp rise due to issues related to the BTC ETF, we must be careful not to cause psychological agitation with this rise as BTC did not rise above the important range of 35045.0-37253.81. This is because investments, that is, transactions carried out when the psychological state is excited or anxious, are likely to eventually suffer losses even if they are profitable. Therefore, if the price has risen, you need to check again whether it is supported or resisted at the support and resistance points or sections, and modify and supplement your trading strategy accordingly. Altcoins that have soared this time are likely to be the first runners, but altcoins are likely to gradually move sideways or decline if BTC dominance maintains an upward trend. Therefore, if you want to hold it from a long-term perspective, you should pay attention to coins (tokens) that are expanding the coin ecosystem. Therefore, if you made the first purchase of an altcoin when BTC was below 29K, you must make the second purchase in the range of BTC 32K-43K. The time to buy an altcoin in earnest is when it rises above the HA-High indicator on the 1M chart and shows support. ------------------------------------------ (BTCKRW chart) The key question is whether the price can rise above 40674000 and sustain the price. If not, 1st: 39049000 2nd: 37821000 You need to make sure that it is supported in the vicinity of the 1st and 2nd above. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** 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. ---------------------------------
by readCrypto
BTCDOM Cup and Handle FailurePreviously, I shared a Cup and Handle formation on BTCDOM. The target for the Cup and Handle was 500 billion. Yesterday, following the favorable ruling about XRP’s legal standing this pattern broke below the 340 billion support level. It is still a bit early to call an altseason because there was no retest of the 340 billion level as resistance. Regardless, the drop in BTCDOM is a positive sign for altcoins. NFA. What do you think? Please share in the comments. Best Wishes.
Short
by NewThoughtCrypto
BTCDominance Elliott Waves Analysis (Time to Fall)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Target zone: 47-45% risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
CRYPTOCAP:BTC.DShort
by trytofeelpositive
5
New changes are expected to begin in the near futureHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT chart) (1D chart) The possibility of major changes on the USDT chart is increasing. When the Bollinger Bands (bollinger bands), which have seen the flow of the historical USDT chart, contracted and expanded, it has shown a large upward trend. It is necessary to confirm whether this time it will show the same appearance as the previous flow. If it does not, and it shows a decline below 81.839B, it is expected to create a new wave. USDT is a fund that plays an important role in supporting the coin market. Therefore, if USDT turns to a downtrend, it is very likely that the coin market will show a large downtrend, so it is necessary to keep an eye on it. Currently, it is expected to show an upward trend like the previous trend. ---------------------------------------------- (USDC chart) USDC also has a high market cap ranking. Therefore, it can be seen that funds entering the coin market through USDC also play an important role. However, if you look at the USDC chart, it continues to show a downward trend. This downward trend can never be seen as having a good effect on the coin market. Currently, there are not many trading pairs that can be traded with USDC itself. Therefore, we have reasonable doubts that we are converting the funds that flowed into the coin market through USDC into USDT. USDC believes that when a coin market investment product is launched on the stock market, it is operated with funds that maintain and manage (?) this investment product. Therefore, we believe that a rise in the stock market is likely to lead to a fall in USDC. In any case, it is clear that USDC is not yet having a significant impact on the coin market as a whole. If the USDC market starts to be created on exchanges around the world, it is expected that USDC will also have an influence over the coin market. -------------------------------------------------- --- (BTC.D chart) What you can tell from the BTC dominance chart is whether the money in the coin market is concentrated in BTC or altcoins. Therefore, the rise in BTC dominance can be interpreted as meaning that funds are concentrated towards BTC. If this movement continues, altcoins will gradually move sideways or decline. BTC dominance is expected to pick up direction again in the 56.78-61.73 zone. Therefore, if you are currently trading altcoins, a quick response is required from a short-term perspective. -------------------------------------------------- ----- (USDT.D chart) USDT has a USDT market formed on exchanges around the world. As such, USDT has a great influence across the coin market. In that sense, the movement of USDT dominance allows us to see the flow of the coin market. Looking at the big picture right now, I would expect a major trend to form depending on which way the 6.21-8.25 area is deviating. To do so, it is necessary to check what kind of movement is shown in the 6.85-7.27 section. An increase in USDT dominance is likely to lead to a decline in the coin market. Therefore, USDT dominance is, in a way, equivalent to the invert chart of the BTC chart. However, since USDT is involved in the overall flow of the coin market, it is not necessarily related to the BTC chart. Therefore, when viewing Market Cap charts (USDT, USDC, BTC.D, USDT.D, TOTAL, TOTAL2, OTHERS, etc.), you should look at several related charts together. -------------------------------------------------- --- To sum up, I think the possibility of a new trend in the coin market is increasing due to changes in the USDT chart and changes in USDT dominance. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** 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. --------------------------------- -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** 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. ---------------------------------
CRYPTOCAP:USDT.D
by readCrypto
BTC.D past and presantI think it is important to show this chart. A LOT of people keep pointing towards the BTC Dominance chart as a signal for the Next ALT season. The Green Boxes show us where the 2 Major seasons occurred ( Green Boxes ) and how BTC.D rose and then has entered into a Descending channel , Fell below lower trendline and has since re-entered it and, since Dec 2022, been rising again. Note how the PA has followed the VPVR on the right of the chart almost Exactly and has now, come to a "Blip" of resistance. Could also be seen as a window of opportunity for BTC.D right now What is More important to take note of , is that line of resistance PA is just below because it rejected PA from Aug '19 to Nov '20 and again in Feb - March '21 It is also worth noting, na dmaking aloowences for, the Dominance of #bitcoin in the Market, or its % of Market chare, Gets reduced slightly everytime a New Coin enters the space, hence the over all Drop as seen in the chart and the smaller % Rise in ALT seasons. If #BTC PA continues along its current Path, It will bump into that trendline around OCT this year and it is impossible to say how it will react Just so you know
CRYPTOCAP:BTC.D
by Orriginal
Mid- to long-term trading strategy with Market Cap chartHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT chart) As USDT fell below the HA-High indicator on the 1D chart, the likelihood of further declines is increasing. Therefore, the key is whether the gap can rise above the HA-High indicator on the 1D chart. However, since the HA-High indicator on the 1W chart is formed at point 82959B, if USDT is maintained around 82.467B-82959B, the coin market is expected to maintain an upward trend. USDT is a stablecoin that has a huge impact on the coin market. Therefore, we believe that funds transferred through USDT play an important role in the volatility of the coin market. --------------------------------------------- (USDC chart) Looking at the 1M chart, it is down more than -50%. Where did so much money go? USDC is considered an active stable coin by making coins in the coin market into investment products in the stock market. Therefore, funds using USDC can be understood as funds required to invest in or maintain investment products in the stock market. Therefore, it is believed that funds are being moved to invest more in the stock market than the current coin market. Therefore, it is believed that important funds are flowing out of the coin market in starting or maintaining the upward trend of the coin market. As a result, I believe that the funds flowing into USDT are limiting or reducing the upward trend of the coin market. No matter how it is, the coin market is expected to maintain an upward trend as long as the funds inflow through USDT are not withdrawn. Therefore, you should focus on when to proceed with the purchase. -------------------------------------------------- --- (BTC.D chart) BTC dominance is expected to rise around 56.78-61.73. Accordingly, caution is required when trading altcoins. An increase in BTC dominance means that funds are concentrated towards BTC. Therefore, altcoins are more likely to move sideways or decline. A drop below 50.49 is required to lead to an uptrend for the altcoin, and a drop to or below the 47.64-48.80 range will feel like an altcoin bull market. In any case, BTC dominance will rise around 56.78-61.73, so it is better to trade the uptrend of these altcoins in the short term. -------------------------------------------------- ------------- (USDT.D chart) We entered the important section, the 6.85-7.27 section. Accordingly, it is necessary to see if it can fall below 6.85 by the start of the volatility period around July 5th. A drop in USDT dominance means an uptrend in the coin market. This uptrend represents an overall uptrend in the coin market, so it is usually expected that BTC or ETH will show an uptrend. The most important thing to look at on the USDT dominance chart is whether it falls below 6.21 or rises above 8.25. If it does not break out of the 6.21-8.25 zone, the coin market is expected to continue sideways. These sideways are what you'll see when you look at the big picture. -------------------------------------------------- -------------------- Since the amount of money (USDT, USDC) supporting the coin market is moving in the opposite direction, in this situation, I think it is better to consider the trading period larger than mid- to long-term rather than short-term trading. Looking at the coin market from a mid- to long-term perspective, it can be divided based on BTC 29K. When BTC is below 29K, you should focus on buying BTC or ETH from a mid- to long-term perspective. And, proceed with the 1st purchase of altcoins to be held in the mid- to long-term. If it rises above BTC 29K, you should focus on finding time to split and sell BTC or ETH by buying below BTC 29K. Therefore, you can split the sale when the rate of return per purchase unit price is 30% or more, or split the sale when the rate of return is 100%. The timing of such split selling can be set according to your investment style, and you may not sell splits. However, if it rises above 32K, the range of fluctuation is expected to be large, so it is recommended to proceed with split selling because no matter how profitable you are, if your psychological state becomes excited, you may proceed with a wrong transaction. When an altcoin rises above BTC 32K, you should start looking for the timing of the second purchase of the altcoin you bought the first time. If you have not made the first purchase, you need to find the time to buy the altcoin to buy in the 29K-32K section. Since the second buying period of Altcoins is around BTC 43K, you can proceed slowly with split buying. When BTC rises above 43K or shows support by touching the HA-High indicator on the 1M chart, we proceed to buy all the coins we have in earnest. This full-fledged purchase refers to the purchase with the remaining funds minus the reserve surplus funds. A reserve fund should be set aside between 10% and 20% of the total investment. This is because the psychological pressure caused by price fluctuations after purchase can be relieved to some extent. Coins (tokens) bought in this way can be sold when BTC rises to around 81K. -------------------------------------------------- ----------------------- - big picture A full-fledged uptrend is expected to start when it rises above 29K. 81K-95K is the range we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** 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. ---------------------------------
CRYPTOCAP:USDT.D
by readCrypto
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