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Usdcdominance

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
Stablecoin Dominance Tipping PointI see two possible scenarios playing out: The Bullish Scenario The dominance goes lower and respects the current downtrend. This could either bounce off roughly 6% (this area has seen some interesting patterns in the chart) or just continue collapsing down. This would be bullish depending on if we don't have much trouble clearing the 5.8-6% range. The Bearish Scenario We break the current downtrend by going up to 7.5% or above in the next 2-3 weeks, at which point I think that worst case we would test somewhere around 8.15%. This would be short to slightly medium-term bearish at the worst in my opinion. I lean towards the bull case simply because markets are usually boring or choppy the month or so after the Bitcoin halving event; things usually ramp up after. We've dumped over 20% in BTC and altcoins got flushed aggressively while not establishing lower local lows at the same time as BTC did recently. Despite being bullish, it's definitely at a tipping point where if it goes up by a bit more then it's a cause for concern. This is a good chart to watch closely for the next 1-3 weeks as evidence of more incoming corrections for a few more weeks or as evidence of the bullish trend resuming.
CRYPTOCAP:USDT.D
by houseofcarle
Dollar Dominance Dilemma: Bull Run VS Hell RunHello Fellow Traders! 🚀💹 🌐 Dollar Dominance Chart Analysis 📈💵 This chart holds significant implications for the dollar's dominance and the broader market. 📌 Pattern Recognition: Flag Channel 🚩 We're currently observing a crucial pattern known as the flag channel. Typically, this pattern is bullish (confirmed upon breaking out from above). 💡 Key Insight: Channel Position Presently, we find ourselves at the channel's bottom. For the ongoing mini Bullrun to thrive and expand, a breakout below this channel is essential, validated by a weekly close with at least 2 candles. 🚨 Warning Signal: Breakout Above Conversely, if the trend reverses and breaks out from above, brace yourself for market turmoil. This chart's dynamics are inversely correlated to BTC and the overall market. 📉 Dollar Up = BTC Down 📈 Dollar Down = BTC Up Got it? Simple, right? 🔍 Consider this chart as your compass for predicting the next market move. Best of luck on your trades! 🌟💰 Feel free to share your thoughts and happy trading! 🌐📊💼 Disclaimer: This article is for informational purposes only and not financial advice. Conduct thorough research and consult with professionals before making investment decisions. Good luck.
CRYPTOCAP:USDT.D
by KarimMohsen
Alt Dominance with Stablecoins Dom RemovedHere's a look at CRYPTOCAP:OTHERS.D or Altcoin Dominance vs. itself, but without CRYPTOCAP:USDT.D and CRYPTOCAP:USDC.D When removing the calculation of stablecoins dominance from the picture, the pattern looks less like a downtrend and more like a potential bottom that may soon reverse. Most are not expecting this with the present rise of CRYPTOCAP:BTC.D , but this could occur should a metric ton of cash move out of stables and into Bitcoin and Alts. Just a thought, please let me know what you think or how you might see things differently, and thank you for taking a moment to read through my own! Note - the picture may look even more accurate if there was a way to track BUSD Dominance in relation to OTHERS.D Just another, -dudebruh
CRYPTOCAP:OTHERS.D
by dudebruhwhoa
2
#Stable Dominance , Dump will Continue, Here's Why!Once this pennant breaks below BTC is likely to hit $22.5k+. Is it likely? I think Yes. Lower support is around 4.14% Once this level hits expect some correction in the market. The charts show the possibility of the continuation of this uptrend. Invalidation:- Break and close above 4.85% Let me know what. you think. Please hit the like button if you like it and share your views in the comment section. Stay safe #PEACE
CRYPTOCAP:USDC.DShort
by Cryptorphic
10
10 TradingView Crypto Indices You Should Know!📉📌 10 @TradingView Crypto Indices You Should Know! Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. And I want to start by thanking @TradingView for putting these indices together - making our life easier. A couple of days ago, TradingView posted a tweet (attached on the chart) highlighting these 10 Crypto Indices. So I thought it would be a good idea to go over it and post its analysis as per my trading style. So grab a cup of coffee or tea, and let's enjoy it together 😁 📌 BTC.D - Market Cap BTC Dominance 🗒 BTC.D is rejecting a strong support zone in green. For the bulls to take over short-term, we need a break above the last minor high in orange. And for the bulls to remain in control from a medium-term perspective, we need a break above the main high in gray. If we break below 40% level, then we will be expecting BTC.D to dive inside the green zone. 📌 ETH.D - Market Cap ETH Dominance 🗒 ETH.D has been stuck inside a range. For the bears to take over, we need a break below the orange zone and lower red trendline. In this case, a movement till the 13% green zone would be expected. In parallel, for the bulls to take over, we need a break above the upper gray high. In this case, further bullish movement till around the upper red trendline would be expected. 📌 USDT.D - Market Cap USDT Dominance 🗒 USDT.D rejected our blue support zone last week and traded higher. We are currently sitting around a supply zone. If we trade higher, then we will be approaching a strong resistance zone in green. For the bears to take over, thus for the bull run to start for Crypto, we need a break below the blue support AND lower blue trendline. 📌 USDC.D - Market Cap USDC Dominance 🗒 USDC.D is overall bullish trading inside our two red trendlines. For the bulls to remain in control, we need a break above the last major high in green. Meanwhile, USDC.D is sitting around the upper red trendline acting as a non-horizontal resistance that might push price lower inside the range again. For the bears to take over from a medium-term perspective, which would be healthy for the crypto market, we need a break below the lower red trendline. In this case, a movement till the 4% support zone would be expected. 📌 TOTAL - Total Crypto Market Capitalization 🗒 TOTAL has been overall bearish for a while, and lately we have been trading inside the red channel. The next support that might hold TOTAL up is the 500B - 600B demand zone. For the bulls to take over from a long-term perspective, we need a break above the 1 Trillion round number in blue. Meanwhile, every bullish movement would be a short-term correction. 🗒 TOTAL2, TOTAL3, OTHERS and TOTALDEFI charts are very similar to TOTAL 📌 TOTAL2 - Total Market Capitalization (Excluding BTC) 📌 TOTAL3 - Crypto Total Market Cap (Excluding BTC and ETH) 📌 OTHERS - Crypto Total Market Cap Others 📌 TOTALDEFI - Total DeFi Market Capitalization 📌 DEFIETH - DeFi/Ethereum ratio 🗒 DEFIETH is stuck inside a range. For the bulls to take over, we need a break above the upper gray zone AND upper red trendline. For the bears to take over, we need a break below the lower gray zone. In this case a movement till around the 15% demand zone would be expected. Hope you find this article useful. Feel free to share your thoughts or request any chart analysis. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
23
Bitcoin (BTC) - September 29Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (USDT 1D Chart) (USDT 1D Chart) A gap in USDT and USDC charts indicates an inflow or outflow of funds. Candles are drawn as funds are utilized in the coin market. USDC's outflow of funds continues. Therefore, you need to be careful in trading. The reason that the coin (token) price rises as the funds flow out is because it may be a movement to outflow the funds again. (USDT.D 1D Chart) (USDC.D 1D Chart) Dominance also indicates that when a gap occurs, funds will flow in or out. Candles are drawn as funds are utilized in the coin market. Therefore, when the candle shows a decline, it can be interpreted that the coin (token) is being bought in the coin market. In the opposite case, it can be interpreted as selling coins (tokens). However, it is highly likely that the charts related to the market cap for stablecoins will show a steady upward trend. The reason is that funds are flowing into or out of the coin market. Hope you don't confuse the benefits. ----------------------------------------------------- (NASDAQ100 1D Chart) After a period of volatility, it rose to around 11475.5. The key is whether it can be supported near 11475.5. If not supported, it is likely to move towards the 10666.6 area. The next volatility period is around October 14th. ----------------------------------------------------- (BTCUSDT 1D Chart) The key is whether the price can hold above the uptrend channel (1) formed by the long-term uptrend line, above 19426.43. The HA-Low indicator is passing near 19426.43, so if you can sustain the price above that, it is likely to turn into an uptrend. However, in order to continue the upward trend, it must rise above the HA-High index, so it should rise to around 20798.16 at the current price point. As mentioned in the description of the perpetual futures chart, the BTCUSDTPERP chart, the 19.4K-20.7K zone requires a quick response. This means that the price range is large and can move quickly. As the inflow and outflow of funds in the coin market is in progress, the volatility of the price is likely to increase. As the price rises, the power of funds is needed to keep the price rising. However, it seems that the funds in the current coin market are flowing out through USDC, so you need to be careful in trading. This is because investment companies with strong financial power are likely to increase the price to get more money back if they sell when the price is falling, as the price is more likely to plummet. Therefore, there is a possibility that the section 21475.02-21838.98 is a turning point. If the price is maintained beyond this range, altcoins are also expected to show an upward trend. Otherwise, even a small drop in BTC price is expected to cause altcoins to decline significantly compared to the BTC drop. Currently, the coin market is forming a very difficult market for short-term and same-day trading in the spot market. Accordingly, it is necessary to think about ways to increase the number of coins (tokens) by understanding the movement of the coins (tokens) you have. If you are unfamiliar with same-day, short-term trading, it is better to just check the market flow. ------------------------------ - big picture I think you need to be supported in the 13K-15K section to gain the strength to rise. So, whether it rises or falls from its current position, both require a short-term response. A full-fledged uptrend is expected to begin when it rises above 29K. ------------------------------------------------------------ ----------------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
5
Bitcoin (BTC) - September 27Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (USDT 1W chart) (USDT 1W chart) (USDT.D 1D Chart) (USDC.D 1D Chart) Money flows into or out of the coin market through stable coins such as USDT and USDC. As proof of that, it can be seen that funds moved to create a gap in the charts of USDT and USDC. In other words, when the gap rises, USDT and USDC are newly issued and funds flow into the coin market. When the gap falls, the stablecoins issued by USDT and USDC are converted into fiat currencies, resulting in an outflow of funds from the coin market. A gap has occurred on the USDT chart and moved higher to around 68.468B. A gap has occurred on the USDC chart, dropping significantly below 52.246B. Judging by these movements, we can see that funds from all over the world flowed into the coin market through USDT. The majority of these funds are likely to be Chinese capital. In addition, we can see that the funds have flowed out of the coin market in large numbers through USDC. The majority of these funds are likely to be US capital. Therefore, it can be seen that a large amount of funds were leaked to the coin market due to bad news from the United States. It is also necessary to check whether these funds are flowing into the stock market. US money is likely to come from investment companies. This is due to the strong movement to link the coin market to the stock market, which is expected to increase the likelihood of significant volatility in the investment market in the future. As funds flowed out into the coin market, the possibility of decoupling the coin market and the stock market increased, so when the stock market rose, the coin market was more likely to fall. If it ends with this one transfer of funds, the volatility of the coin market will not cause a panic shell. However, if more funds flow out of the coin market when additional money flows occur, the coin market is more likely to panic. As always, we expect the same thing to happen this time around as the money moves first and then the charts are drawn accordingly. ------------------------------------------- (BTCUSDTPERP 1D Chart) - If it rises above 20794.4, the main position is 'LONG'. - The 19424.9-20794.4 section is a quick response section. - If it falls below 19424.9, the main position is 'SHORT'. To convert into an uptrend, the price must rise above the minimum uptrend line (1) and hold it. If not, you should be careful with the trade as it is likely a bearish rebound. At this time, the key is whether it is supported in the 17670.0-18374.1 section. If it is not supported, it is expected that it will move towards the 15908.2 level. Even if BTC rises, as explained above, it is not expected that the uptrend will be large as long as there is a large amount of money outflow from the coin market. However, if additional funds flow into the coin market through USDT and rise above 68.468B, there is a possibility that the uptrend of the coin market will be maintained. However, since the funds were outflowed through USDC, the possibility of decoupling the coin market and the stock market has increased. This outflow of funds further reduces the trading volume and increases the possibility of large volatility. If the money doesn't come back, the end is most likely a big drop. Therefore, in this market situation, what we can do is to preserve profit and loss. If so, selling 100% of all holdings can lead to double losses in the large volatility that will occur in the future, so you should aim. For large volatility, please refer to the BTCUSDT 1M chart () with the rising and falling rates. The volatility of BTC is likely to be between -25% and +25%. Accordingly, altcoins are likely to be between -50% and +50%. However, the rise rate of altcoins is not expected to be very high, and the decline rate is likely to be even greater. ------------------------------ - big picture I think you need to be supported in the 13K-15K section to gain the strength to rise. So, whether it rises or falls from its current position, both require a short-term response. A full-fledged uptrend is expected to begin when it rises above 29K. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
4
Dominance of stable coins in an important regionJust remembering that the dominance of stable coins is inversely correlated to the price of other cryptocurrencies. When dominance rises, the price of Bitcoin, Ethereum and other cryptos commonly fall. We are on an ABC correction within the bearish leg of wave 5. The yellow circles demonstrate an important pullback region, where we are right now. The chart is dangerously inside a bullish descending wedge. I believe the value will break out of the red bearish channel going up, and retest the rectangular region (0.214 retracement). In my opinion, this will be the moment of truth. If stable coins do not break this retraction, we will have new lows. On the other hand, if they break out of this region going higher, we will have a longer leg up. In a short-term optimistic scenario, the value could break out of this red channel going lower, and retest the last low, what would be bullish for non-stable cryptocurrencies. Below is a parallel scenario of the Bitcoin chart. Vertical green lines demonstrate pullback points. In Bitcoin's bullish channel, it remains to be seen whether the price will stay above the middle of this channel, or if it will go all the way to the bottom.
CRYPTOCAP:USDT.D
by andre_007
Bitcoin macro analysis (BTC/USD Index)Hello how are you? On the long-term chart BTC follows a bullish channel. It looks like he is testing the 38% Fibonacci retracement. I placed the retracement considering the bottom of March 9, 2020 and the top of March 08, 2021. Why did I consider these dates? Explanation below. BTC/USD indexed on Nasdaq As Nasdaq is strongly correlated with BTC lately, I analyzed in a separate chart the price of BTC indexed on the NDX. Also on the same bull channel: As we can see, we have the last bottom on March 9, 2020 and the last top on March 08, 2021. Then, tracing the Fibonacci retracement by joining these dates, we saw that the price corrected until the 50% correction Maybe test again? I don't know. Fibonacci Channel Reached -50% retraction. Stochastic RSI, RSI and 100-month smoothed exponential moving average On the monthly chart the price is in a theoretically cheap region, rarely seen. On the RSI, the indicator broke the historic low. And the stochastic RSI is still pointing down. When it starts to turn upwards it will be a good sign. Another interesting sign is the 100-month regularized exponential moving average, as circled. On-chain data The volume of BTC on the network indicates important points. In the yellow circles, where we had high volume on the Bitcoin network, this foreshadowed a strong swing in price, both up and down. The percent of circulating supply that has not moved in at least 1 year This indicator appears to be reversing downwards, which indicates that the circulating supply that has been idle for at least 1 year is starting to move. We can see an inverse relationship as shown by the arrows. Drawdown In the past there was a drop of 87%, 80% and 82% approximately. Now we're down 70%. Have already fixed everything, or will you test that red diagonal channel, correcting 74% or more? Stable coins dominance (dollar strength in the crypto market) The dominance of the three main stable coins (USDT, USDC and DAI) has an inverse correlation to BTC. When it goes up, the price of BTC goes down, and vice versa. We have a bullish channel on the stable coin dominance chart, and when dominance reaches the top channel, it is usually a great buy signal, as shown in green circles. Dollar dominance in the traditional market Tested 50% Fibo retracement. Hope this helps.
INDEX:BTCUSDLong
by andre_007
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: SOON TO REJECT!Hello traders, I hope you guys are doing great. Here's an update on USDC Dominance. Timeframe: 3 Days. Update: The market is dropping once again as expected. With the recent rally, it is likely to see the USDC.D at 7.5% where we have a strong resistance which means BTC can possibly reach $17k. I strongly feel that we will soon see rejection in the USDC.D. The fundamentals related to cryptocurrency may not be positive but technically, the market will turn green soon. RSI: The RSI in USDC.D has been hovering in the overbought zone for quite a while and sooner or later, it has to come down. Conclusion: The big players are playing a big game here. The recent dump has already created panic in the market. Noobs are selling off and guess who is buying? You guys are smart enough to understand the market sentiment, so, this time don't be a flock of sheep rather be a tiger who waits patiently for the right moment. Show some support with your likes and comments. Thank you.
CRYPTOCAP:USDC.DShort
by Dexter_The_Trader
#TETHER/DOMINANCE 2HR CHART UPDATE !!Hello, community members welcome to another USDT DOMINANCE chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section. As we can see from the above-mentioned chart that USDT DOMINANCE is currently trading in a red resistance zone and rejection is needed at this point. Rejection will lead ALT COINS to climb upside down and breaking above will again lead ALT coins towards a red bath. MACD is also on the path to printing bearish cross-over. IMO, A rejection is likely in upcoming hours, let’s see how it performs in upcoming hours. NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
CRYPTOCAP:USDT.D
by Domino_Crypto
#USDC.DOMINANCE 2HR CHART UPDATE !!Hello, community members welcome to another USDC DOMINANCE chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section. As we can see from the above-mentioned chart that USDC DOMINANCE is currently on a path to print a HEAD & SHOULDER pattern. A break below the neckline will be great for BTC and ALT coins, break below will be the trigger point for the whole market to rally upside. Let’s see how USDC reacts at the neckline level. Bounce from that level will form red candles in ALTS. NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
CRYPTOCAP:USDC.D
by Domino_Crypto
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 PRINTING BEARISH DIVERGENCE IN DAILY CHART !!Hello, community members welcome to another BTC/USDT chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section. As we can see from the above-mentioned chart that USDC DOMINANCE is currently printing a bearish divergence and it can move down from here. The candle close above will be harsh for bull traders in USDT pair coins. Let’s hope for the best and see how the market performs in the upcoming hours. NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
CRYPTOCAP:USDC.D
by Domino_Crypto
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
USDCD looking bearish USDC.D 1W/2D Charts USDC dominance continuing to look bearish here as I mentioned back in early Feb. Rejecting from the previous high and failed to put in a HH and close above it. Weekly close looks daily bearish with a bearish shooting star reversal candle. Market structure has changed failing to put in a HH with price struggling to maintain the uptrend. Bearish momentum starting with bigger sell candles printing. RSI is bearish having lost the MA on 2D chart which on the last 3 occasions has started the downtrend in USDC.D and uptrends within the market for BTC and altcoins as shown by the black arrows and callouts. Also showing bearish divergence on the RSi and weekly MACD starting to converge. Looking good here for USDC.D as well showing the dynamics shifting and money flow exiting stables and into the market. Id still be cautious given the macro economic POV but the TA looks great here. As I’ve been saying, coins have been in weekly lows and demand zones and good for DCA buys which I’ve been doing on some coins.
CRYPTOCAP:USDC.DShort
by marshyyy