Usdtdominance
Analysing BTC, BTC.D and USDT.DIf you check my previous ideas (can't remember if here or on a social I can't mention here because "rules" but you can figure it out) there was a small support which has been cleaned multiple times by BTC, so now next target is the 24-24.8K area. BTC is forming a bullish DIV but I think it's still too weak
Both CRYPTOCAP:BTC.D (check this chart: )and CRYPTOCAP:USDT.D (check this chart: ) are going up showing that people are selling altcoins and moving money into Bitcoin and stablecoins. I don't show it here but even USDC.D is going up although it has a smaller share of the market.
Meaning: despite what the crypto twitter influencers told you altseason is FAR, new lows has to be expected and I feel that my bearishness is now justified.
However, by experience I can tell you that you'll recognize the bottom when it'll be too late so the only reasonable thing you can do is to follow this list:
1) identify the crypto you think have a good potential ROI;
2) start DCA;
3) don't throw insane amount of money in every buy, just be consistent, don't bet
4) JOLLY: buy more only if you've decent TA capability and recognize market reaches a point that it's likely to be the bottom
Good luck
USDT.D will rise (1D)First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT .
Taking more time, we came across signs that USDT's dominance is about to rise.
We have two TPs that we have marked on the picture.
Increasing Tether dominance will mean the fall of Bitcoin and altcoins.
Keep an eye on $HIVE/USDTKeep an eye on $HIVE/USDT
Formed Bullish Bat and Target Mentioned
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(USDT chart)
Looking at the 1D chart, you can see that after a short but long uptrend, it recorded a pullback, creating the first gap.
In the meantime, the HA-High indicator on the 1D chart rose and was created.
Accordingly, it is necessary to ensure that funds are maintained at 81.839B or higher.
Falling while creating a gap means that funds were outflowed through USDT, so we need to check the future situation.
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(USDC chart)
USDC is currently in a downtrend.
Therefore, it is necessary to check whether the trend turns upside down.
If not, and if it continues to show a downward trend, the coin market will not be able to maintain its upward trend and will likely fall sharply.
Currently, it is judged that the funds that have flowed into the coin market through USDT are defending the price, but if USDT shows a decline, it is necessary to be careful because the withdrawal of funds from the coin market can occur quickly.
The first thing to check is to see if USDC holds above the HA-Low indicator on the 1D chart.
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(BTC.D chart)
BTC dominance is good to look at to see if funds are concentrated towards BTC or towards altcoins.
This is because any other method of interpretation will rather complicate your thinking.
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(USDT.D chart)
An increase in USDT dominance can be interpreted as a high possibility of a downward trend in the coin market.
Therefore, it is highly likely that BTC, the number one coin market by market cap, will show a downward trend.
The reason is that when trading on coin exchanges, the USDT market is as large as the BTC market.
Because various coins (tokens) can be directly traded with USDT, changes in USDT dominance can be interpreted as reflecting the overall trend of the coin market.
Therefore, support and resistance points formed on the USDT dominance chart cannot be used to directly trade coins (tokens).
However, since you can know the flow of money in the coin market, you will eventually be able to see the chart of the coin (token) you want to trade and use it as a reference for creating a trading strategy.
This is because you can figure out whether the flow of funds is moving toward buying or selling, so you can find the timing of your trade accordingly.
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Following the DXY chart description, the same explanation is given to the USDT Dominance chart.
If you think these two explanations are different, we recommend that you read them several times in more detail.
The fact that your psychological state is starting to fluctuate due to price fluctuations means that the flow of funds is changing.
That's why, without knowing it, your own psychology starts to fluctuate.
In order to stabilize this psychological state, it can be stabilized through appropriate transactions.
Therefore, if you hold a coin (token), you can get some psychological stability by checking the movement at the support and resistance point and confirming the profit or loss by selling a certain amount.
If you do not own any coins (tokens), you can take your own psychological stability by purchasing a certain amount.
In order to trade, you must make your psychological state stable.
If you proceed with a transaction without achieving this, there is a very high possibility that the transaction will eventually fail.
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** 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.
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Changes to the stablecoins USDT and USDCUSDC market share has fallen from 34.88% to 23.05%
Over the past 1 year, USDC market share has fallen from 34.88% to 23.05%, with market cap dropping from a peak of $55 billion to $29 billion. BUSD's market share has plummeted from 11.68% to 4.18%, while Dai has kept its participation rate at 3.66%, down from 4.05% in May 2022. USDT, on the other hand, moved in the opposite direction, with stablecoin market dominance rising to 65.89% from 47.04% a year ago. Its market cap soared to $83.1 billion, the
In a recent interview with Bloomberg, Circle CEO Jeremy Allaire blamed the decline in stablecoin market cap on the crackdown on cryptocurrencies by US regulators. The current environment in the US seems to be working in Tether's favour.
TETHER DOMINANCE brief gain 💣🚀Hello 🐋
Based on the chart, the price is close to the support area and parallel channel support ✔️👌
if
the price doesn't break the support zone to the downside, we will see brief gain again 💣🚀
and
in long time more correction expected 💣🚀💣
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Keep an eye on $LINA/USDTKeep an eye on $LINA/USDT
Making LL HH currently on LH region
Kindly wait for breakout of the structure and target region marked
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Market Cap Chart: Money MovementHello?
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(USDT chart)
(USDC chart)
Looking at the USDT chart, it can be seen that a lot of money is flowing into the coin market, rising above the previous high of 82.467B.
However, if you look at the USDC chart, you can see that there is a constant outflow of funds.
I think this movement can be interpreted as individual investors' funds are constantly flowing into the coin market, but institutional investors are leaving their funds out of the coin market.
The reason why USDT is interpreted as an individual investor is that it is used as a channel through which individual investors can easily move funds because USDT supports trading pairs on exchanges around the world.
In particular, the main power of this USDT is expected to be Chinese funds.
USDC is still a stablecoin that has limited support for trading pairs on exchanges around the world.
Therefore, I think it is highly likely that the forces that move funds through this USDC are American funds.
I think the leadership of the coin market has shifted from Chinese capital to American capital.
This move is expected to make the coin market a transparent investment market.
However, as the possibility of being affected by movements in the capital market increases, the volatility is expected to gradually decrease.
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(BTC.D chart)
Looking at the BTC dominance chart, a volume profile is formed in the 47.64-48.80 section and the 56.78-61.73 section.
So, if it rises above 48.80, I would expect it to rise around 56.78-61.73.
I think that the reason why it starts to be affected by the movements of the world economy is because, as explained in USDT and USDC, American capital is leading the coin market.
The variable for this movement is that funds from individual investors are continuously flowing into the coin market.
This influx of funds is expected to drive the upward trend of the explosive coin market at some point.
This explosive rise will drive the rise in BTC price, which is expected to increase BTC dominance.
Therefore, I think we should observe the flow under the premise that BTC dominance will rise around 56.78-61.73.
It is actually unknown whether the price of BTC will rise or fall due to the rise in BTC dominance.
This is because BTC dominance can tell whether funds are concentrated in BTC or altcoins.
This is because the concentration of funds is relative, so if a lot of funds are withdrawn from the altcoin, BTC dominance may rise.
Therefore, I do not think it is correct to interpret that BTC price will rise as BTC dominance rises.
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(USDT chart)
I think the first chart you should come across to understand the Coin Market Cap chart is the USDT chart.
This is because USDT has the highest market cap among stablecoins and has become an important stablecoin that supports trading pairs on exchanges around the world.
Therefore, I think that the change in USDT dominance can be used to understand the overall trend of the coin market.
When USDT dominance declines, the coin market is likely to show an uptrend.
Thus, USDT dominance allows you to know how to proceed with a trade depending on whether it is a rising or falling candle.
Since these movements are likely to move against the BTC price chart, they can help interpret BTC price fluctuations.
If USDT dominance rises above the 7.86-8.25 range, the coin market is likely to plunge.
This is because the current section is an important section.
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** 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.
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Keep an eye on $PHB/USDTKeep an eye on $PHB/USDT.
Falling wedge formation in 1hr timeframe.
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CRYPTO TOTAL MARKET CAP DALILY HI Guys Hope you well,
On a daily basis, we are seeing a demand zone, but I am waiting to test the Green support level for the third time as well. And then we can see a rapid upward movement.
SecondChanceCrypto
⏰23/May/23
⛔️(DYOR)
always do your research.
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USDT DOMINANCE: WHAT WILL HAPPEN NEXT?Hello traders, welcome to this USDT dominance update in a daily timeframe.
If you have followed my previous update then you will know what I was trying to indicate. The USDT.D has reached the resistance level and currently, we can see some signs of rejection. This could end up good for BTC and other altcoins but only if we see a rejection and close below 7.25%.
Key points:
1. Rejection from 7.7% resistance.
2. 21 MA & 7.25% support level.
3. Mid-term rejection up to 6%.
I am expecting rejection in USDT dominance in the upcoming days. Do share your thoughts and ideas in the comment section.
Thank you and trade safely.
TETHER DOMINANCE brief gain 💣🚀Hello 🐋
Based on the chart, the price is close to the support area and parallel channel support ✔️👌
if
the price doesn't break the support zone to the downside, we will see brief gain again 💣🚀
and
in long time more correction expected 💣🚀💣
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
USDT Dominance Looking to Decline to 6% and BelowUSDT Dominance is trading within a Rising Wedge pattern and within said Wedge it has formed a Perfect Bearish ABCD leading to the Top of the Rising Wedge and the 78.6% Fibonacci Retrace of the Range.
In time we could see the falling wedge breakdown from here and continue the macro downtrend below 6%