Can we leverage stablecoin pairs? BUSDUSDTCan we leverage stablecoin pairs? BUSD up almost 10% over Tether's USDT.
Look at that volume too!
Stablecoins
main stables dominance -this is a chart with the dominance of the four main stablecoins on the market.
It give a good indicator of the direction of the market. When the supply contract this is a bullish signal.
Start buying as the VIX returns to 30?On the 28th of March the VIX dipped below 20 giving the signal that the market was on your side if a trim was in your investing plan-didn't fit with me since I'm long until we over shoot (around $155 short term). Today we are right back between 20 and 30. This could be a good time to add to positions like Luna if that fits with your investment strategy. $77.51 is the price I'm looking for to start DCAing while the VIX tests the top side at or above 30. Happy hunting Lunatics!
Dollar vs Bitcoin: who wins?Hey guys.
In this study I compare the dominance of the dollar in the crypto market, against the price of Bitcoin.
The dominance of the dollar in stable coins represents the percentage of capital in this asset in relation to the cryptocurrency market as a whole.
When this percentage rises, it means that people are more positioned in dollars.
On the contrary, when the percentage drops, it means that there is a higher positioning in the other cryptoassets.
If we look at the dominance of stable coins, such as 'USDT.D' (Theter), 'USDC.D' (Circle), etc., and compare with Bitcoin,
we can say that there is a negative correlation.
In the graph at the top that I present to you, I added the dominance of all the important stable coins -- USDT, USDC, DAI, UST, BUSD, HUSD, USDK.
And not to leave out the weight of the traditional market, I also added the DXY (U.S. Dollar Currency Index).
In this one I divided the value by 100, aiming to have a more adequate measure proportion.
On the bottom chart of the screen we have the price of Bitcoin, in an ascending triangle, which is a bullish pattern.
Fact. Regardless of war, pandemic, FED, news or whatever.
We have two important regions within the parallel channel, within the dollar chart: every time the value reaches the top of the channel, we have strong Bitcoin appreciation; and every time the value reaches the bottom of the channel, we have a strong devaluation of Bitcoin.
In the current scenario, we are in an important region, indicating a possible depletion of dollar strength, through a 'shoulder-head-shoulder' graphic formation, which would be a bullish scenario for Bitcoin.
However, not everything is flowers.
Imagine that you are a whale (if you are, congratulations), and knowing the value of BTC and everything it represents (of you being your own bank, having the freedom to do whatever you want with YOUR money, regardless of parasite politicians), you want to acquire more BTCs.
Well then, what would you do? I would try to buy it as cheaply as possible.
And that includes manipulating the market, creating fear, panic, FOMO (...) (not that I would)
We are seeing a flurry of news, both for the positive and for the negative...
saying that institutional X acquired millions of Bitcoins... that company Y adopted Bitcoin as a form of payment.
'Everyone is buying, now I'll be a millionaire'...
Meanwhile, proponents of the apocalypse always claim that the end of the world is coming: 'war on Ukraine',
'new pandemic wave', 'Fed monetary tightening'...
All this for the sardine to get confused, buying top and selling bottom, and rotating equity.
Who wins are the brokers with the brokerage fees.
And even if it makes sense to execute a sell trade in bottom (imagining the world is going to end), there is always a buyer on the counterparty.
Just to reflect.
So watch out for the news.
Is LUNA the lone BULL in a pack of BEARS?As an intra-day/intra week trader it's been tough recently to find enough space for profit without risking too much. So I decided to look through some of my published ideas and found my hit rate to be satisfactory with one call that was way way off. (link below)
So I was compelled to dig deeper and zoom out on LUNA/TERRA and see what the BIG PICTURE really is.
LUNA had a meteoric rise since December and has never really quit. It's velocity has continued in one direction upwards. Higher highs and higher lows continue to be set as this asset has cracked the top ten crypto market caps and, excluding stable coins, is only behind BTC, ETH, and BNB.
Just doing some back of the envelop math with a friend we calculated that LUNA, with BNB's market cap, would be priced around $170.
Outside of TA and price spec this asset/network is flush with features and apps that many of it's layer one competitors have failed to check off the list including:
1. UST - The only major USD stable coin that is decentralized and not back by cash and commercial paper (USDT, and USDC are) and has continued to be added to major exchanges and adopted by other chains.
2. Anchor protocol (ANC) - Offering a staggering 19.5% for UST blows competitors out of the water as far as stable coin yield % is concerned. The same protocol/app allows you do deposit bonded LUNA (bLUNA) and bonded eth (bETH) and borrow from them.
3. Mirror protocol (MIR) - First of its kind, mirror protocol allows you to get exposure to traditional finance equities like ALPHABET, AMAZON, and MICROSOFT. And commodities exposure through mirrored assets that track USO (United States Oil Fund), SLV (ishares silver trust), IAU (ishares gold trust).
To boot, all of these can be combined with an equal amount (in $ value) of UST and farmed on mirror protocol to earn MIR, or they can be borrowed from.
4. A handful of other earn/borrow decentralized apps like Valkyrie Protocol, Pylon Protocol, Mars Protocol, Orion Money, and PRISM)
5. TERRA has now become the 2nd largest, behind ETH, for TVL (total value locked)
6. NFTs (randomearth.io, KNOWEHERE, OnePlanet, Messier Art) and NFT gaming (levana, deviants factions)
7. Astroport and Terraswap - Next gen Automated market makers
8. StarTerra- Gamified Launchpad
9. Glow Lotto- a no lose savings/lottery platform where your deposit for entry is never lost
10. TNS - Terra Name Service, inspired by ens.domains
I have yield-farmed and/or single staked on Binance smart chain, Avalanche, Polygon, Fantom, Solana, Cronos, and Harmony One. By far, my experience in the Terra ecosystem has been the best, without question.
Maybe there are some other features I have left out, if you think I have leave some feedback.
This is of course my opinion, but I do believe that this asset will jump BNB and become a top 3 crypto. The technical analysis looks good, the network looks good, the value added features look good. I cannot really come up with any rise why LUNA doesn't have ample upside.
These are just my thoughts and opinions based on a decade plus experience in crypto-land. It is not meant to be financial advice. Please DYOR and trade at your own risk.
Signing off for now,
CryptoSlayer
Stable Coins might use as Legal TenderTechnology is fast and many of investors were now interested on Cryptos.; by building an app, making mode of payment, etc.
Stable coins like USDT has a potential to be a legal tender compared to BTC and ETH wherein both of them has a very large swings and very volatile.
Alternative - Cup and HandleMaybe the cup and handle already popped off and this is the retest down?
Bears are weakening! Prepare Your Fund!Weekly Time-frame
New Candle for the week, seems bearish for the Awesome Oscillator Red Volume Bearish Saucer. Where we place the next long position was the exact Bouncing Area. If this holds it will continue to the Upside. Relative Strength Index (RSI) is about to be Bullish. Bouncing Area of $37,726 & $37,550. Rejection area of $38,435.
1D Time-frame
We need to close above $38,335 to hold the bullish trend of higher low. Today is still in extreme fear so we can expect a pump of $3-6k pump to the upside. Monday can Pump or Dump, or consolidate. To wait for the exit area of March 14 in the Ichimoku Cloud. Bouncing area of $37,726 where you can open long position. Rejection Area of $39,418, you can open short position.
4H Time-frame
4H Time-frame bottom is in!!! Entry at $37,726. Awesome Oscillator printed green volume, and made a bullish twin peaks. We can expect more to the upside if this continues to print green volume.
1H Time-frame
1H Time-frame bottom is confirmed both in H1 and H4. Twin Peaks bullish. Divergence trade incoming. Open long position.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Double Tap.exe on the StableCoins Market CapThis is an experimental indicator I created.
The idea is very simple - I believe there's a positive correlation between stable coins issuance and BTC's(and other coins) price appreciation. Rising levels == buying power. For the last 2 years it managed to spot local tops/bottoms.
We just had a double tap on the line, which is very similar to June - July 2021 development, which marked the local bottom. Take it as you will, as always :)
Purely Technical, but...Nothing new to say about Luna really. Just the crab market holding back immediate all time highs. Check out KASHF on the Canadian exchange if you need to see a bullish move on related news. Kash.io recently started to roll out USD deposits from banks in the United States, this news lead to a +30% move up.
Looks like the 20 period EMA on 12 hours is as good a measure of where to buy as any (pull back to .382 Fib at near the same level)? $79 might be all the dip you get. Start to add at $80 if you don't already have a bag of Luna already
BTC Short TermOn H4 chart BTC is bearish/oversold in the MACD, RSI and Stoch RSI. I expect BTC to consolidate or make a small correction to the FVG zone. This will open up possibility for fresh entries and both alts if we stabilize or correct here. BTC has now become a strong asset during the Ukraine/Russia crisis, BTC also looks stronger than fiat and jump in BTC price and ''MCAP of stable coins'' indicate that investors are buying these assets. 3 of the top 11 coins are stable coins (usdt, busd and usdc)
UST Mcap (demand) continue to grow and Luna climbsLFG.org has released the third and final announcement regarding marketing, development grants/funding, and UST reserves. The one billion dollar investment in Bitcoin to serve as a back stop to UST comes at just the right time to support a general risk on mood after the February pull back.
Technically Luna has looked solid during the past few weeks. Finally breaking out to what I consider the bottom of its likely target range ~$73-$89.
Why Cardano is Sinking TodayWhy would Russia's move have such a big impact on cryptocurrencies? It boils down to risk. When investors believe that their money is at greater risk, they're more likely to shift funds into safer assets. Such "risk-off" scenarios have hurt growth stocks in the past. Now it's happening again, with cryptocurrencies also being pulled down.
The only cryptocurrencies that are largely immune to risk-off downswings are stablecoins pegged to fiat currencies. However, Cardano, Chainlink, Cronos, and Polkadot are not stablecoins.
Any geopolitical crisis could cause a risk-off market. The current situation is arguably worse because cryptocurrency prices were already slumping.
It's important to note, though, that the long-term prospects for Cardano, Chainlink, Cronos, and Polkadot shouldn't change as a result of the Russian invasion of Ukraine. Each of the four cryptocurrencies offers advantages that won't be diminished whatsoever.
Cardano launched smart contracts on its network last year, a move that makes it more competitive with Ethereum. Chainlink allows real-world data to be brought into any blockchain. Cronos is the native token of the popular Crypto.com exchange (and until recently was known as Crypto.com Coin). Polkadot provides a great foundation for Web3 apps.
Stablecoin SSS Index vs. Bitcoin The Stablecoin SSS index suggests a "buying time" for Bitcoin. This indicator is a new model and is not financial advice.
In the last few years, according to the data, when the SSS indicator (Blue line in the chart) approaches or hits the lower green line, it was a great time to buy Bitcoin.
Are the stable coins paving the way to the moon for BTC?Previously I made an observation that the #BTC price has been trading around the same levels since early 2021, while the stablecoins market cap has seen an increase from 50 to around 170 billion. This is money already in the space that's ready to engage.
If you study the BTC to USDT correlation, you will find that when new USDT is minted, Bitcoin price moves to the upside. We also had a single event of 2018 when a big portion of the USDT supply was burned that was literally days before the final capitulation to 3,200$.
A clever observation was done while discussing the topic that a big portion of the newly minted stable coins are actually locked in DeFi and not necessarily waiting to stack sats. So I decided to check what the data. Due to limitations, I will just post the raw data:
Market Cap:
USDT:78.66 billion Locked:18.9 billion, 23%
USDC:48.23 billion Locked: 9.7 billion, 41%
BUSD:14.16 billion Locked: 0.2 billion, 1.4%
DAI:9.3 billion Locked: 4.9 billion, 52.6%
UST:11.2 billion Locked: 5.6 billion, ~50%
StableCoins count locked in smart contracts is 39.3/160-170 billion or ~ 23.8 %. Meaning, we still have around 125 billion of #stablecoins, which by itself is way more than the 50 billion in Jan 2021, while price remained the same.
That's a divergence I find this to be incredibly bullish because of the tight correlation of Bitcoin price and stable coins. Of, course, confluence with other data is always a plus. Don't trust me blindly.
Follow me on twitter for more frequent updates.
MKRMKR vs ETH. Few things to note, We broke out of the large multi year falling wedge. The break out tested 100 weekly ema around 2 ETH per MKR. We are at ATL vs ETH now, the BTL is very close and can get tapped. A reverse back to fib retracement lvl 236% & Also the 100 ema weekly would be around 1.86 ETH per MKR
MicroStrategy Ponzied - Bitcoin "NOT NEEDED" - JPow*rising rates environment annihilates Michael Saylor's 2nd .com type major fail. Bet the whole house against #kingdollar??? See ya.
What a #storytelling CEWEO like Adam Newman. Gross.
$17k by the end of SeptemberLooks like $BTC is moving in a big downtrend channel and has now reached the upper trend line of that channel.
Also, a heavy resistance at fib retracement 0.618 which is also a previous support that act now as a resistance.
Well, it depend on Tether and Binance "stable" coins printers... but I think we will see a long red candles again from next week.
#ETHEREUM EXCLUSIVE VIDEO. NO OTHER COINS MENTIONED, BECAUSE WE... ARE GOING TO FLIP #BTC THE GOD COIN
I MIGHT HAVE TO DO A SHORT PART TWO ??
Can't get any cleanerRSR looks very strong and ready to have a big rally. One of the biggest laggers and it is coming out of massive accumulation zone
The Celcius bubbleDear investors,
I'm also a user of the celcius network staking platform. and like most of you people i'm looking into buying some celcius tokens, to get more % on my crypto.
But looking at the growth of this project, i'm not really sure this is the moment to buy. Crypto is volatile and people tend to forget this sometimes.
I really don't know what's next for the celcius token, A big fall? It will come, but how high will it go? This reminds me a little bit of the crypto.com token, people invested lot's of money into it, to get the best % return and the token felt pretty hard in september.
With these project I've always seen a big fall afterwards, will this be different? let's see what time brings. For now, i'm just keeping 10% on my stablecoins.
