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Usdcd

USDC.D In a Wyckoff Distribution range - Breakdown imminentUSDC.D Looking bearish as hell here in its Wyckoff distribution range. Compare it to USDT.D and see the similarities. The difference being USDC.D is leading here and weaker, compared with USDT.D. Both still look great for the downside here and its only a matter of time before they roll over and the market runs to new highs! USDC.D: USDT.D: Once this breaks down with USDT.D, we are in for the next bullish expansion in the market to new ATHs!
CRYPTOCAP:USDC.DShort
by marshyyy
USDC DOMINANCE: HOLDING THE SUPPORT.Hello traders, welcome to this USDC dominance update. I hope you guys followed my previous USDC.D update. If you haven't then do check out the link below and go through the update. Timeframe: 3 Days. Description: USD Coin ( USDC ) is a cryptocurrency whose value is tied to the U.S. dollar. USD Coin is a stablecoin, and as such one USDC should always be equal in value to one dollar. USD Coin is currently the second-largest stablecoin, with a current market capitalization of $73 billion. USD Coin and Tether (USDT) together account for 80% of the capitalization of the global stablecoin market. Update: This is what I wrote in my previous update, "The USDC .D is unable to break through the 7% resistance level. This could be a clear sign of rejection towards the lower band of the trendline (2.5%). But before it does that, there's a support at a 5% level from where USDC .D may possibly bounce back." The USDC.D reached up to 7.26% but failed to break through the trendline. So far it has dropped by -26% and currently, it is holding the support at 5.32%. Support Level: As I said in my previous update, the 5% level holds support for the USDC.D could be the level from which we can expect a bounce back. Possible scenario: If the USDC.D manages to hold this support level and bounces back then it is most likely going to reach 6.6% or 8%. On the other hand, if the USDC.D breaks down below the support line then we can expect a fall up to the lower support zone at 2.6%. Conclusion: All I want to say is the market is yet to confirm a short-term bullish rally. Everybody is talking about BTC reaching $28k to $30k, which is likely possible but almost every time, we tend to follow the crowd and fail to do our own research. Anyways, most likely this support level will decide the market scenario in the next few days. The way BTC is doing a P&D leaving behind long shadows, I honestly don't like it. So, for me, I will wait for confirmation on this one. Let me know what you think about this update. I would love to read your opinion as well. Thank you and trade safely.
CRYPTOCAP:USDC.D
by Dexter_The_Trader
USDC DOMINANCE: REJECTION POSSIBLE!!!Hello wonderful traders, welcome to my quick USDC Dominance update. Timeframe: 3 Days. Description: USD Coin (USDC) is a cryptocurrency whose value is tied to the U.S. dollar. USD Coin is a stablecoin, and as such one USDC should always be equal in value to one dollar. USD Coin is currently the second-largest stablecoin, with a current market capitalization of $73 billion. USD Coin and Tether (USDT) together account for 80% of the capitalization of the global stablecoin market. Update: The USDC.D is unable to break through the 7% resistance level. This could be a clear sign of rejection towards the lower band of the trendline (2.5%). But before it does that, there's a support at a 5% level from where USDC.D may possibly bounce back. Parallel Relation with BTC: If the USDC.D gets rejected towards the 5% support level, it will be a -17% drop which means the current bounce in BTC could rally up to $28k to $30k where we have strong resistance. And if the USDC.D bounces back from the 5% support level then BTC will surely get rejected from its resistance level. Relative Strength Index: The RSI is beyond 70 indicates that it is overbought. The RSI needs to come down in order to maintain the balance. On the other hand, the RSI in BTC is oversold which means the price of BTC will possibly rally. Conclusion: We are at the end of the 2nd quarter and I expect the beginning of the 3rd quarter to be bullish for the market. What is your view on the current market situation? Share with me your thoughts and ideas. I will be glad to read them out. Thank you for your support.
CRYPTOCAP:USDC.DShort
by Dexter_The_Trader
6
USDC DOMINANCE: !!!IMPORTANT UPDATE!!! MUST READ!!!Hello traders, You must be thinking what on earth is happening to the market? How deep BTC is going to drop? Are we going to see BTC below $20k? Well, guys, this one chart got all your answers covered. This is the USDC Dominance weekly chart and in my previous update, I have already mentioned how the USDC stable coin play against BTC and other altcoins. We can see that the USDC.D has beautifully maintained the uptrend and it is currently close to the upper trendline (resistance). if we do some backtesting then we can observe that the USDC.D has always respected the trendlines be it upper or lower trendlines. So, let us break it down piece-by-piece and get to the final conclusion. 1. 16th March 2020: Bitcoin made a historical rally towards the new all-time-high. BTC pumped from $3900 to $12000, a 176% gain in a span of 160 days. This was the exact same time when the USDC.D dropped by -45% from 0.46% to 0.24%. After this, we saw the USDC.D making a rally towards 0.86% which led BTC to drop by -21% ($9850). 2. 5th October 2020: It was the beginning of the 4th quarter when BTC was set to rally 500%+. A journey from $10.5k to $65k was absolutely astonishing. This is where the USDC.D dropped by -53% but soon, BTC dropped by -56% and the USDC.D rallied 400%+ (2.31%). 3. 19th July 2021: After the big 56% drop, BTC rallied once again and this time BTC created a history by making a new and still the present all-time-high of $69k. This lets the USDC.D drop another 53% but then things changed and till now BTC continues to drop. Conclusion: This is the end month of the 2nd quarter and BTC is still finding its bottom level. The USDC.D is once again reaching the resistance level. The big question is, will the USDC.D get rejected as it did in the past or will it break out the ceiling this time? What I can figure out is, that the USDC.D is currently at 5.71% and there's a high chance that it will reach the 6.6% resistance level and then get rejected. This means BTC may possibly drop up to $20k or even below that level. Then we will witness a mega rally in the market. I hope the beginning of the 3rd quarter will be a game-changer for us. What can you figure out about the current market situation? Let me know in the comments. If you find this idea helpful then hit the like icon and follow me for more. Thank you.
CRYPTOCAP:USDC.DShort
by Dexter_The_Trader
2
USDC DOMINANCE: THE STABLECOIN WE SHOULD ALL BE AWARE OF.Welcome my fellow traders. This will be my first-ever analysis of USDC.D and I hope it will be helpful to all. I have been observing this stablecoin dominance closely for the last few days and it is quite interesting to see how the USDC.D is playing off against bitcoin and other altcoins. By the way, USDT and USDC are two different stablecoins. Both USDT and USDC are popular stablecoins, and both are fixed to the USD. However, the USDT is the most traded cryptocurrency and is slightly more widely available than USDC, while USDC has a lower trading volume, and it is considered to be a safer store of value since it's backed by cash and cash equivalents. Coming back to the chart, The USDC.D is currently at the resistance of 4.43% after forming a symmetrical triangle in 6 hours timeframe. According to the pattern, there is a possibility that the USDC.D will break out. If that will be the case then we better be prepared for BTC and other altcoins to drop. On the other hand, if the USDC.D follows the past by getting rejected from the resistance trendline then we can expect the USDC.D to drop up to 4.17% which means a room for BTC and other altcoins to rally a bit more. Also, if you observe the RSI then the momentum and the volume in RSI are decreasing. We are close to the weekends once again and it will be crucial to see how it will close but before that, it is important to see how this 6 hours candle will close. We still have 5 hours in our hands so better wait and observe. I will update you more on this in the coming days. So be prepared. If you like this idea then do raise a thumbs up and follow. Thank you.
CRYPTOCAP:USDC.DShort
by Dexter_The_Trader
2
USDCAD moving to the 125 🦐USDCAD after our yesterday call broke below the support area and the dynamic trendline. The price is now testing a new structure and according to Plancton's strategy(for the one who miss yesterday call) if the price will break below we will set a new short order --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Short
by InkyGrip
2