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Btcdominance

Bitcoin is in the driver's seat! The Crypto DominatrixBitcoin is putting a serious hurt on the rest of the crypto markets this fine Monday morning. It's bust above 40K was powerful and hasn't given much look of slowing up. What I am looking at is the Bitcoin Dominance. WIth it pumping over 54%, this means the the majority of the money in the entire cryptocurrency industry is flowing into the top coin, for now. Once people have had their fill and the price finds a supply zone, selling will start occurring again. When this happens, that's when it's best to start hitting the major altcoins and let them absorb some of the market share for a while. The Bitcoin Dominance chart is certainly one that any crypto trader needs to watch, whether you are a maximalist, or someone like me who doesn't date it, I just trade it!
CRYPTOCAP:BTC.D
by thelogicaldude
USDT.D: Need to check if it can fall below 5.89-6.39Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT chart) It is continuing its upward trend towards the upper tail of the candle created on November 8th. Since the rise is occurring while creating a gap, it is believed that funds are continuously flowing into the coin market. --------------------------- (USDC chart) The key is whether the price can rise above 26.525B while maintaining the upward trend due to the gap increase. ---------------------------------------------- (BTC.D chart) In order for the coin market to enter a full-fledged bull market, I believe that BTC dominance must rise above 61 and then begin to fall. Accordingly, if the current BTC dominance fails to rise and falls, there is a possibility that a small bull market may form before the full-scale bull market begins. However, since it is judged that a full-fledged bull market is likely to begin only when BTC dominance rises above 61, it is highly likely that altcoins will eventually sideways or decline. -------------------------------------------------- -- (USDT.D chart) A decline in USDT dominance indicates an upward trend in the coin market. Therefore, if it falls below 5.89-6.39 and remains, the coin market is expected to enter a bull market. However, at this time, I think the altcoin bull market will begin only when BTC dominance falls below 50. If BTC dominance does not fall below 50, it is expected to form a strange bull market in which only BTC will rise, so caution is required when trading altcoins. I believe that the secondary purchase period of altcoins for next year's BTC halving should be conducted in the BTC 32K-43K range. The reason is that BTC dominance must rise. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
CRYPTOCAP:USDT.D
by readCrypto
Market led by ETH: Short-term riseHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- #BTCUSDT 1M If the price holds above 38745.63, the RSI indicator is expected to rise into the overbought zone. Accordingly, it is necessary to check whether it will continue to rise and touch the HA-High indicator, or whether it will shake up and down and a new HA-High indicator will be created. Since it is a 1M chart, we expect to find out in February next year. #BTCUSD 1M I think around 43K is the maximum rising range due to this wave. However, depending on the Fibonacci ratio, there is a possibility of temporarily touching the 44234.54-48229.91 range. #BTC.D 1M The reason is that BTC dominance has not risen above 61 yet. If BTC dominance falls around 53, there is a possibility of creating a small bullish market, but I don't think it will ever be able to create a large bullish market. Accordingly, there is a possibility that a strange market may be formed in which only BTC rises in order for BTC dominance to rise. #ETHUSDT 1M I believe that ETH's temporary lead rise was caused by ETH-related issues (ETFs). A market that is not led by BTC will likely end up with a short rally. Accordingly, you should carefully observe BTC's price movements. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
INDEX:BTCUSD
by readCrypto
3
Next volatility period: around December 9thHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1D chart) As the period of volatility comes to an end, it is expected to close below the 37253.81 point. Currently, the HA-High indicator is trending sideways, so the HA-High indicator is not consistently level and is showing volatility. Accordingly, we believe that the HA-High indicator is not yet suitable for the role of support and resistance. Therefore, we need to check in which direction it deviates from the 36136.51-37253.81 range and seek a response plan. In any case, it is sideways in the 34786.17-37779.56 range. So, if you look at BTC itself, it is just moving sideways. However, it is felt that the movement of altcoins will cause great volatility in the coin market. I think that your psychological state becomes unstable in this situation because the average purchase price of the coins (tokens) you own is high or the investment proportion of the altcoins you own is high. If this state of anxiety continues to occur frequently, there is a high possibility of trading in the wrong direction, so I think it is a good idea to block this psychological state before it occurs. As this period of volatility passes, it shows a break away from the newly created rising trend line (2) and a break from the rising channel that was formed. Accordingly, we need to check whether it can rise above the rising trend line (2) again based on around December 1st. If not, you need to check if there is any movement out of the 34786.17-37779.56 range around December 9th, the next volatility period. Since the highs of the StochRSI indicator are in a downward trend, we can see that the strength of the uptrend has weakened. Accordingly, if it does not rise above 37253.81 quickly, it is likely to fall below 36163.51-36568.1, so a countermeasure is needed. Compared to the volatility of BTC, the volatility of altcoins has increased. (BTC.D 1D chart) While BTC dominance is sideways around 52, altcoins have fallen by about -20%. (USDT.D 1D chart) USDT dominance is also trending sideways. It appears that the funds withdrawn from altcoins are being used in the BTC market or ETH market. Therefore, I think it is being used to buy BTC or ETH. I believe that this phenomenon is being driven by the futures market, which causes the coin market to fall and causes coins to be purchased in the spot market. This is likely to continue until you reach your goal of buying BTC or ETH. Accordingly, the coin market is facing a good opportunity. (1W chart) Good opportunities in the coin market are expected to appear on the 1W chart. In other words, as the HA-High indicator falls, it is expected to increase liquidity by increasing volatility in the coin market. At this time, we just need to check whether we receive support or resistance near the newly created HA-High indicator and respond accordingly. If the HA-High indicator receives resistance and falls, it is highly likely that it will eventually touch the HA-Low indicator, so there is a possibility that a new HA-Low indicator will be created. If the HA-Low indicator shows support around it when it is newly created, it is time to buy. This buying time is 1st: 32917.17-34110.32 2nd: 29241.72-30767.38 This applies to the 1st and 2nd parts above. This movement has the potential to be used to create a pull back pattern. Since you will only find out when the pattern is complete, there is a high possibility that you have already missed a good opportunity when you realize that you have created a pull back pattern. Therefore, it is likely that the time to buy will be when the coin market is full of fear. If this is not possible and you encounter resistance from the HA-Low indicator, there is a high possibility of a downward trend, so you can respond accordingly. The way to respond is to reduce the investment proportion of coins (tokens) you own to prepare for a major decline in the future. Therefore, when it falls near the first and second sections above, there is a possibility that a new HA-High indicator may be created. Therefore, the fact that the HA-High indicator on the 1W chart is falling will create an interesting experience in the future. To fully enjoy this experience, you need a trading strategy. It is not right to try to trade in the coin market the same way you traded in the stock market. Therefore, the selling strategy used in the stock market is not suitable for the coin market. The stock market trading method is to obtain greater profits by using a large amount of investment to secure a large number of stocks. If this method is applied to the coin market, there is a high possibility that the period of holding the coin while recording a loss will be longer than the period of profit. Therefore, a trading strategy suited to the coin market, that is, a selling strategy, is needed. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
1
The biggest Ascending Triangle pattern I've ever seen BTC.D (note this is inverse meaning up = all non (btc) marketcap rising. If you invert the BTC.D I can't deny that the bounce here is pointing to a reversal in this asset class. Bitcoin can go to 10-20 trillion in market cap and still have a BTC.D that reverses. The Spot BTC ETF could be starting to spawn I hate to say it but a crypto v2 boom similar to the 1920s (roaring 20s). I've made post on here on how market cap is a terrible indicator for the amount of cash inside this asset class and you only need a few trillion of real currency to hit a large total market cap. How funny that random internet "coins" could have the potential to reach 20% of the market cap of the Total Market Capitalization of Public U.S. Companies. I still see most of the ecosystems in this system are beyond useless but then again why do people stay in terrible countries? they create villages and tribes and they isolate, it's almost like tribes and villages are spawning globally with the reserve asset being Bitcoin not Gold this time.
CRYPTOCAP:BTC.DLong
by FederalXBT
2
BTC.D ( dominance ) end of the yearhello dear trader and investors btc.d under the strong resistance + there are RTM pattern price action on this chart ... i think( btc.d) ready for correction and it can testing the PRZ zone on fibou 0.618 + dynamic suport zone and mini altseason began ... What is altcoin season? The season of altcoins, or simply “alt season”, is a market cycle in which the price of a significant number of cryptoassets, which are different from BTC, have better growth indices than the above currency. good luck
CRYPTOCAP:BTC.DShort
by mehdi_kb
A trading strategy is needed to stabilize the psychological stat== A trading strategy is needed to stabilize the psychological state. == Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT chart) A very long upper tail was created on November 8th. Then, the gap continues to rise. I believe that this continuous gap increase means that funds are continuously flowing into the coin market. Accordingly, I believe that if the current inflow of funds is concentrated towards BTC and the price is defended, this will eventually lead to an upward trend in BTC. (USDC chart) The key is whether the gap can rise above 24.98B. I believe that USDC has less influence on the coin market than USDT. The reason is that the USDC market is not active. Therefore, if funds flowed into the coin market through USDC, I think there is a high possibility that they will be exchanged for USDT. Otherwise, I think BTC will most likely be used for trading. ------------------------------------------- (BTC.D chart) In any case, funds are flowing into the coin market through USDT or USDC. In these situations, we need to check BTC dominance to see where our real money is being spent. For the coin market to show a full-fledged upward trend, it is expected that BTC dominance rises above 61 and then begins to decline. Therefore, rising BTC dominance means that funds are being concentrated towards BTC. It is unknown whether funds concentrated in this way toward BTC will cause the price of BTC to rise or fall. Therefore, when BTC dominance rises, altcoins are likely to gradually sideways or decline. (USDT.D chart) A falling USDT dominance means that funds are being used in the coin market. Accordingly, the coin market is likely to show an upward trend. Currently, funds are continuously flowing in, but BTC dominance and USDT dominance are showing sideways movements. If sideways moves like this, individual investors are more likely to feel unbearable anxiety, so they will naturally sell their coins (tokens) in installments. To encourage this further, circular pumping of altcoins occurs. Accordingly, BTC will move very slowly, and altcoins are likely to become more active. However, if you look at the movements of BTC dominance and USDT dominance, you can see that the fluctuation range is not large. You can see that trading is not that active. Individual investors are accustomed to waiting. However, because they are psychologically unstable, they just give up waiting, but they are used to waiting. However, investment companies, institutions, and whales are not accustomed to waiting. However, I think they just seem accustomed to waiting because it has the power to shake the psychology of individual investors. For a bull market to start this year, I believe BTC dominance must fall below 50 and USDT dominance must fall below 5.89 and remain there. Therefore, I think that the way to relieve one's psychological anxiety is to increase the number of coins (tokens) corresponding to profits while controlling the proportion of coins (tokens) held until then. This is because individual investors are highly likely to make wrong choices if their psychological state becomes unstable, no matter how profitable they are. This is because I believe that if you can stabilize your psychological state even if you earn less profit, you will eventually be able to close the transaction successfully. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
CRYPTOCAP:USDT.D
by readCrypto
1
Key points to follow in BullMarketIt was a key moment for altcoins in the past bullmarket, namely when BTC.D reached a strong resistance level at 73% to be exact, this happened on January 02, 2021, from that moment TOTAL 2 started to grow aggressively and the reign to decrease aggressively, until May 12, 2021, when we approached the peak of the bull market for Altcoins and BTC.D reached an important support level, namely 40%, whi c h was also in May 2018 support. What we have to learn from here, is that we have to follow important resistance levels for BTC.D to trigger big increases on Altcoins, and take our profits when BTC.D reaches important supports. www.tradingview.com We identified the important support levels for BTC.D that could record the end of a growth cycle for ALT's in the next bull market and these are: 49% and 40%. In my opinion, I think partial profits should be taken at these levels. www.tradingview.com And as a strong resistance level that could trigger a big growth on altcoins could be the 60% level for BTC.D. You have to take into account that a click has the following stages, BTC increases, then ETH, then the altcoins with large capitalization then those with small capitalization.
CRYPTOCAP:BTC.DLong
by coin_score
Bull market begins: BTC.D (below 50), USDT.D (below 5.89)Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT chart) A large volatility occurred on November 8th and the gap continues to rise. Accordingly, we can see that funds are continuously flowing into the coin market. ----------------------------------------- (USDC chart) It is unclear whether USDC's continued decline is causing funds to flow out of the coin market or to be converted to USDT. However, because the USDC market is not active, USDC movements do not have a direct influence on the coin market. Since USDC continues to fall, I believe it is forming a separate market different from the stock market. It is believed that the movements of the stock market due to the volatility of government bonds (US10Y) and DXY are consistent with the current movements of the coin market and have no special meaning. (US10Y chart) Since US10Y showed a short-term decline, it appears that the stock market is temporarily on the rise. (DXY chart) Since DXY is located around 105.664-106.416, it is difficult to say that the investment market is active yet, so you should be careful about investing. -------------------------------------------------- ------------ (BTC.D chart) BTC dominance is showing resistance and falling around 53.68. Accordingly, we can see that funds are being concentrated towards altcoins. However, since BTC dominance is above 50, you can see that more funds are still concentrated in BTC. Therefore, I think caution is still needed when investing in altcoins. -------------------------------------------------- --- (USDT.D chart) If USDT dominance falls below 5.89-6.39 and remains, the coin market is expected to begin a bull market, i.e. a bull market. However, as mentioned in the explanation of the BTC dominance chart, the actual bull market is expected to begin only when BTC dominance falls below 50. Therefore, it can be said that the 5.89-6.39 section corresponds to the boundary section. This means that even if it pretends to fall below this boundary, it may rise. In this market situation, I think that buying when a downward candle is on the 1D chart will lead to better trading than through breakout trading (buying when the price breaks upward through important support and resistance areas). You should be aware that if the altcoin you own is not rising and you switch to another altcoin that is rising, there is a high possibility that the altcoin you have held will rise from then on. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
CRYPTOCAP:USDT.D
by readCrypto
1
The next period of volatility is around November 16thHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT.D 1D chart) As the trend line moves, a period of volatility is expected to begin around November 13th. Accordingly, it is necessary to check the movement up to November 12-16. If USDT dominance falls below the 5.89-6.39 range and maintains a downward trend due to resistance, it is expected that an altcoin bull market, or bull market, will begin. It is expected that this fire field will create a small garden. A major bull market is expected to begin when BTC shows a full-fledged uptrend, so if a bull market starts this time, I think the work to create a full-fledged uptrend has begun. (BTC.D chart) However, in bullish conditions, BTC dominance must fall below at least 50 and maintain a downward trend. If not, there is a possibility that a strange bull market will continue in which only BTC will rise. Accordingly, the current coin market can be seen as waiting at the starting point of a bull market. It can be said that it is unknown whether all coins (tokens) will start together, whether BTC will start alone, or whether it will temporarily take over from the starting point and gather strength again. -------------------------------------------------- --- (USDT chart) Someone is continuously injecting funds into the coin market. USDT is active on exchanges around the world, so it can be said to be a channel for everyone who wants to trade in the coin market to move funds. Accordingly, the rise in USDT's gap can be seen as meaning that new funds are continuously flowing into the coin market. -------------------------------------------------- --------- (BTCUSDT chart) The reason why I explained the coin market cap chart (USDT.D, BTC.D USDT) before this explanation is to let you know that the current position is that important. (1M charts) It is close to the 0.5 point (38745.63), which is the Fibonacci ratio shown on the 1M chart. Accordingly, if the price is maintained above 37253.81, it is expected to rise above 38745.63. However, when it passes the 38745.63 point, it seems that the future trend can be predicted depending on whether it passes with a sharp rise or a slow rise. I think there is a high possibility that this bull market or bull market will end around 43K. Accordingly, if BTC rises too quickly, there is a possibility that only BTC may rise, preventing the altcoin bull market from starting. Also, I think there is a possibility that the bull market or bull market will end very briefly. Therefore, I think it is necessary to pay attention to the movement of BTC dominance. (1W chart) What I explained in the 1M chart is about movement in a very big picture. Accordingly, it is recommended to use it to understand the general concept of movement in the big picture. In the coin market, I think the trend of the 1W chart is the best. Therefore, I believe that a more accurate trading strategy can be created by combining and interpreting the trend on the 1W chart with the approximate big picture on the 1M chart. By combining the support and resistance points shown on the 1M chart with the 1W chart, I believe that more accurate support and resistance points and sections can be selected. Therefore, numbers 1 and 2 shown on the chart correspond to important support and resistance areas, and the trend is expected to be determined by whether these areas can be broken upward. Because of this, an important issue is whether the price can be maintained by rising above 38531.90. Otherwise, if it falls and maintains the price above the 29241.72-30767.38 range, it is expected to create a pull back pattern. If it falls below the 29241.72-30767.38 range, there is a high possibility of a downward trend, so caution is required. What you need to pay attention to is the altcoins you own, and you will have the opportunity to buy more BTC or ETH. It is the rising trend line that has the potential to play a role in creating a pull back pattern. If it touches this rising trend line and stops, there is a high possibility that it will sideways and create a pull back pattern near that point or section. (1D chart) Based on what you learn from the 1M chart and 1W chart, you can create a more detailed trading strategy on the 1D chart. It is possible to create a trading strategy using only 1D charts, but then small fluctuations may prevent you from properly reading the direction of the big picture. So, if possible, it's a good idea to create big-picture trends and trading strategies on the 1M chart and 1W chart. The first resistance section, 37779.56-38745.63, includes both support and resistance points on the 1M chart and 1W chart. Accordingly, the reliability of the role that follows can be considered high. After November 8, prices moved sideways and the trend line moved. Accordingly, the possibility of volatility occurring around November 16th has increased. During this period of volatility, it is expected that there will be an attempt to break above the first resistance area, and if an attempt is made to break upward, the key will be whether the price can be maintained after the breakout attempt. If not, and it falls below 36701.09 and shows resistance, there is a possibility that it will fall around 32917.17-34110.32, that is, near the important trend line. Well, if you see volatility within the rising channel, there is a possibility of creating a pull back pattern, so you need to watch the subsequent flow closely. Since the trend line on the 1W chart passes near an important trend line, I think there is a high possibility of support around the 32917.17-34110.32 range. The explanation of the second resistance section will be explained when an attempt is made to break above the 38745.63 point. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
BTC Dominance Fractal Geomerty ResearchMethod : Fractal Geometry Research White Line : BTC.D Chart Purple Line : Geometry fractal predictions Observing historical data from the smallest particle frame to larger time frames using fractal and Fibonacci, methods are very suitable for investors, spot traders, long-term or swing trades. !However, it's not suitable for scalping, short-term, or future traders! " Previous history has been a repeated failure; the more I delve into this method, the closer I get to patterns that resemble the actual future. The more it fails, the more patterns/options I find that approach success in analysis. Because this method is an ancient one, rarely utilized, and challenging to comprehend, references are scarce." Note: that personal observation does not constitute financial advice. It's important to seek advice from a licensed financial advisor before making any investment decisions.
CRYPTOCAP:BTC.D
by adivirgia
USDT.D : Bull market begins when it falls below 5.89-6.39Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT chart) The gap continues to rise. I believe that the rise in the gap is evidence that new funds are flowing into the coin market. (USDC chart) USDC has been in a downward trend since July 2022. There are some doubts whether funds are flowing into the coin market as USDC and the funds are being converted back to USDT. This is because the USDC market is not active, so in order to trade actual coins, you must trade in the USDT market or BTC market. In any case, I don't think USDC has any direct influence on the coin market. However, as coin-related investment products are launched in the stock market, I believe that the investment products and the movements of the stock market are related. Therefore, I think the decline in USDC means that the correlation is weakening. ------------------------------------ (BTC.D chart) I believe that BTC Dominance is not a chart that shows the movement of BTC price, but rather a chart that lets you know where funds are concentrated. Therefore, a rise in BTC dominance means that funds are being concentrated towards BTC. Conversely, a decline in BTC dominance means that funds are being concentrated towards altcoins. Therefore, in the big picture (1M), you can see that the upward trend is maintained. However, on the 1D chart, it is showing signs of a downward trend as it falls below the MS-Signal indicator. We need to see if this short-term trend reversal can be sustained. (USDT.D chart) USDT has a direct influence on the coin market because the USDT market is active. Therefore, a decline in USDT dominance means that the coin market is rising, that is, the buying trend is increasing. In the big picture (1M), it is difficult to say that it has fallen below the MS-Signal peak, so I think it is maintaining an upward trend. Accordingly, the rise in USDT dominance should be considered a decline in the coin market, that is, an increase in selling. However, looking at the 1D and 1W charts, they show a decline below the MS-Signal indicator of each chart. Accordingly, from a short-term perspective, the coin market is showing an upward trend. (1D chart) If this short-term upward trend in the coin market continues and USDT dominance falls below 5.89-6.39, it is expected that a bull market will begin in which profits can be made by purchasing any coin (token). At this time, the important thing is that BTC dominance must fall simultaneously. If not, strange movements are expected to occur. Strange movements mean that only BTC is rising. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
CRYPTOCAP:USDT.D
by readCrypto
1
BTC Dominance 4HInterval ChartHello everyone, I invite you to review the current situation of BTC's dominance over the rest of the cryptocurrency market. First, we will use the blue lines to define the upward trend channel in which we have been moving for a long time. Now we can move on to marking support areas in case the correction continues to deepen, to determine current supports we will use the Trend Based Fib Extension tool and here we can see the support zone from 52.54% to $52, where the price is currently located, however, we still have support at the level of 51.29%, and then we can see a quick decline to the support level of 49.27%. Looking the other way, we will determine resistance in a similar way. And here you can see that the strong zone from 53.20% to 54.35% reacted strongly to the dominance and rejected its increase, only when we go above this zone can we move towards strong resistance at the level of 57.65%. Please pay attention to the CHOP index, which shows that the current movement is running out of energy, the RSI indicator and the STOCH indicator show that we are exceeding the lower limit, which should stop the current downward movement.
CRYPTOCAP:BTC.D
by cryptodailyuk
#btcd #bitcoin dominance preparing a new leap? Beware!..#crypto market is greedy nowadays. But when everyone is greedy, take extra caution. Money flowed into #altcoins , while #btc price is moving sideways and naturally #btcdom indice is slightly corrected. But BTC.D is about reach the support region and it' s probable that it may bounce there. If bounces hard, that will surely take money from altcoins if there' s no money inflow to the crypto exchanges from outer globe. (While btc price goes up) If there' ll be dump on btc, altcoins may have a blood bath. NOT FINANCIAL ADVICE.
CRYPTOCAP:BTC.DLong
by naphyse
2
USDT.D : The key is whether the decline can continueHello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT chart) USDT, which had been stagnant for a while, continues its upward trend and is renewing its new high (ATH). However, the size of the candles is not the same as before and tends to be large. This appearance of the 1D chart is actually the first pattern to appear. It seems that the movement of funds in one day is too large. So, once I know what the new pattern means, I'll explain it again. The basic interpretation of USDT and USDC charts is whether they are rising or falling, creating a gap. This is because a rising gap means that funds have flowed into the coin market, and a falling gap means that funds have flowed out of the coin market. (USDC chart) USDC is continuing to decline. We believe that USDC does not have a direct impact on the coin market because the trading pairs are not active. Therefore, it is unknown whether funds are flowing into USDC and then being converted to USDT, or whether funds are flowing out into the coin market after a quick transaction. However, if the market capitalization of USDC continues to decrease, I think there is a possibility that there will be a difference in the movements of the coin market and the funds made up of USDC, that is, the coins launched as stock market investment products. It is thought that this movement is limiting the upward trend of the coin market to launch new investment products. The decrease in liquidity can be seen as a result of the movement of funds according to the global economic flow, but it is believed that as earn-related services on exchanges become active, funds are stagnating, reducing liquidity. -------------------------------------------------- ------- (BTC.D chart) (1M charts) With BTC dominance rising above 53.65, the coin market is believed to be forming a new trend. For the coin market to exhibit a major bull market, we expect BTC dominance to rise by more than 61% and then begin to decline. Accordingly, BTC dominance is expected to continue to rise. The rise in BTC dominance means that funds are being concentrated towards BTC, so it is likely that the movement of altcoins will relatively slow down. Therefore, pumping of coins (tokens) with low market capitalization may occur frequently, but the upward trend is likely to be short-lived. There are coins (tokens) that are currently showing a significant upward trend. When these coins (tokens) end their upward trend and fall, it is necessary to check whether the price is maintained at a certain level. In addition, we must also check whether the community activities of those coins (tokens) and the coin ecosystem are expanding. This movement has the potential to create a new major coin and replace the existing major coin. Therefore, if you are purchasing an altcoin for mid- to long-term investment purposes, I think it is a good idea to target these coins (tokens). However, we must not forget that in reality, the only coins best suited for mid- to long-term investment are BTC and ETH. (USDT chart) USDT dominance fell below the HA-High indicator on all charts. If USDT dominance is maintained below the HA-High indicator, the coin market is expected to show an upward trend. However, since the movement of USDT dominance represents the overall flow of the coin market, the movement of individual coins (tokens) cannot be known. If USDT dominance falls while BTC dominance is rising, this is expected to lead to an upward trend for BTC. Therefore, I believe that BTC’s continued and rapid rise will inevitably result in a slowdown in altcoins. -------------------------------------------------- We believe that funds coming in through USDT have a direct impact on the coin market because the trading pair is active. Therefore, if USDT continues its upward trend by increasing the gap, I think the coin market will eventually show an upward trend. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
CRYPTOCAP:USDT.D
by readCrypto