USDT.DI am of the bias USDT.D will nuke all the way till EOY 2024.
This means stablecoins leaving the market and in theory going into BTC & Altcoins
Btcdominance
Does This Give Alts a Chance to Shine?Dominance is performing nearly perfectly with only a few surprises along the way. I wasn't quite sure dominance wanted to test the underside of that channel you see in red. That channel started in November of last year. We broke to the downside in August of this year and never really retested. Well, here we are today. We have retested the underside of the channel and can now expect BTC.D to continue its drop. The big question is will alts drop with Bitcoin as they have mostly been accustomed to doing in this bear market or will this finally be a time in which we can witness some divergence? The chart is showing the latter as a strong possibility however, be careful with your picks. Small cap/high risk alts should for the most part, not enter the equation here yet. The divergence will probably most notably be witness in larger cap alts like Ethereum and XRP. Maybe a few mid-cap alts as well.
This is not fin advice.
Stewdamus.
Bitcoin Bull Run Precedes Ethereum RallyDays of triple digit volatility and rampant amateur speculation are gone. Unlike the overblown enthusiasm which defined the peak of 2021, investors now are more measured and discerning.
2023 has been defined by (a) discrete and information fuelled rallies followed by unprecedented low volatility, and (b) rise of traditional finance entrants in digital assets.
Bitcoin (BTC) has rallied sharply relative to Ethereum (“ETH”), pushing BTC-ETH ratio to its highest level since 2021. Several factors point to a potential reversal in the ratio. Investors can deploy CME Micro BTC and Micro ETH Futures to harness gains from eventual reversion.
BTC surged 20% during the past week driven by excitement over the anticipated approval of a BTC Spot ETF. Large liquidations triggered as BTC prices rose on its re-emergence as a haven asset as discussed in a previous paper .
BITCOIN IS A HAVEN (AGAIN)
In October, BTC’s correlation with gold rose while correlation with Nasdaq-100 has inverted suggesting that investors consider BTC as a haven rather than a risk-on asset.
The case for BTC as a haven derives from its limited supply. Every four years, the number of BTCs minted as a mining reward, halves and will eventually halt, leading to a fixed supply.
BTC has played its role as a haven previously. In March this year, during the US regional banking crisis, BTC surged 40%. BTC also rallied 20% at the start of Russia-Ukraine conflict but soon pared those gains. Given the repeated pullback in its prices, question around BTC’s ability to deliver as a safe haven remains.
Assigning BTC a haven status could be a tad bit too early. It is a new asset. It faces regulatory ambiguity. It remains under-invested relative to traditional safe havens like gold and treasuries.
Notwithstanding that BTC is new, it is the most popular and widely tested cryptocurrency. Flow of assets from riskier crypto to the safety of BTC during rising uncertainty partly contributes to haven flows into BTC.
SHORT SQUEEZE ACCENTUATED BITCOIN’S RALLY
Recent rally was punctuated by heavy deleveraging in BTC derivatives. During the long squeeze in August, 64,000 BTCs were liquidated. In the following period, only half of these long positions returned.
These positions were not spared either as large liquidations occurred on October 17th and 23rd leading to unwinding of more than 60,000 BTC.
Source: Glassnode
The size of liquidation was like those in Jan 2023 when prices definitively broke above the $20k range, suggesting that this washout may be adequate to cement a major psychological price level.
AWAITING A BTC SPOT ETF
The latest development in the BTC spot ETF saga comes as an appeals court upheld the ruling against SEC’s rejection of Grayscale’s spot ETF application based on concerns that market manipulation is not addressed sufficiently.
The court held that SEC’s decision was arbitrary, capricious, and unenforceable. This time around, the SEC stated it will not be appealing any further.
The SEC’s easing stance is also echoed in the modest feedback response to other spot ETF applications. Many now believe that all spot BTC ETFs will be approved together and probably before the deadline of January 10th.
Approval of spot BTC ETFs is expected to make the asset available to a wider audience in a familiar Tradfi product structure making BTC go “mainstream.”
Spot ETFs will spur greater demand for spot BTC from ETF manufacturers. When gold ETF was first listed, incremental fund flows translated into higher demand for physical gold.
ETF listing and BTC price run is not a given as regulatory concerns remain. Prices have struggled to sustain ETF excitement driven rallies not once but thrice in 2023 due to slow developments compounded by a harsh macro backdrop.
The risk that the current rally will pullback persists. Earlier this week, price action was significantly influenced by investors speculating on the approval of Blackrock spot ETF (IBTC). The rumours have been spurred by the listing, delisting, and relisting of the ticker on Depository Trust and Clearing Corporation (DTCC) website.
BITCOIN BULL RUN PRECEDE ALTCOIN RALLIES
In stark contrast to BTC’s rally, other major cryptocurrencies have lagged pushing BTC dominance to its highest since 2021.
ETH has rallied 15% over the past week. ETH underperformance relative to BTC has pushed the ratio between them to levels unseen since 2021.
Altcoin underperformance is unusual. During past BTC rallies, ETH price tops lagged BTC tops by a month. This is a consequence of capital rotation within crypto.
In past rallies, asset rotation can be seen in three distinct waves starting with (1) increase in BTC capital, (2) ETH rotation, followed by (3) increasing stablecoin flows.
MARKET METRICS AND ON-CHAIN SIGNALS
A raft of market metrics points to bullish sentiment in crypto markets due to resilient Long-Term Holders (LTH), limited profits at current levels, and strained supply which is expected to be exacerbated by demand from spot ETFs.
More importantly, market metrics indicate a higher bullish sentiment for ETH.
FUTURES AND OPTIONS POSITIONING
Leveraged funds have built up net short positioning over the last few weeks in BTC futures. Contrastingly asset managers have setup net long positioning. In options, BTC full size options have a bullish P/C ratio of 0.51 and Micro BTC options have a P/C ratio of 0.76.
In contrast, leveraged funds bullish on ETH have switched from net short to net long positioning last week. Full size ETH options have bullish P/C ratio of 0.38 and Micro ETH options have P/C ratio of 0.38.
Overall, leveraged funds and option markets are more bullish on ETH compared to BTC.
TRADE SETUP
BTC prices may pullback relative to ETH in the short term given price divergence. CME’s suite of crypto futures can be deployed to harness gains from this trend reversal.
The hypothetical spread posited in this paper consists of two legs: (1) long position in Micro ETH futures expiring on November 24th ( METX3 ) and, (2) short position in Micro BTC futures expiring on the same date ( MBTX3 ).
Each lot of Micro ETH futures provide exposure to 0.1 ETH while each lot of Micro BTC futures provides exposure to 0.1 BTC. To balance notional values, nineteen lots of METX3 are required for each lot of MBTX3 at current prices
● Entry: 19.090
● Target: 17.58
● Stop Loss: 20.000
● Profit at Target: USD 276
● Loss at Stop: USD 169
● Reward to Risk: 1.6x
MARKET DATA
CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
DISCLAIMER
This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services.
Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
BITCOIN DOMINANCE analysis ⏰Expecting altseason after completing 55-60% pump 📌 then dump in CRYPTOCAP:BTC.D
Sign alts season started 📌
55-60% is accumulation of ALTS
Meanwhile white 🤍 line rejection 50.5% below 📍 lead to complete 40-45%
Then upside 🚀 move 😉 BITSTAMP:BTCUSD + $BTCD both ALTS dump and consideration
If any chance of weekend candle close above white 🤍 line 😂 no mid term bullish direct 55-60%
But I hope present market move bullish untill October later correction get started 📌
After halving we will see complete ALTS season 🚀 just accumulate pls know ur coin entry zones
If weekend candle close below 📍 last red line 📌 no bullish on dominance sign of already accumulation completed we are in ALTS season but have less chances but let's start watch 👀
Just DYOR , give boost 🚀 i will update post ⁉️ 🧐 every crucial move and month / weekend close
So u get updated 📌
So boosting Post give u an update my post when I updated 📌
New funds are flowing in, and funds are focusing on BTCHello?
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(USDT chart)
The gap continues to rise, showing that new funds are flowing into the coin market.
(USDC chart)
There is a higher possibility that USDC's upward trend will be coupled with the movement of investment products in the stock market made with coins.
Therefore, we believe that the likelihood that the coin market will be affected by the movements of the stock market index increases.
However, since the USDC market is not active, its impact is expected to be minimal.
In any case, since the stock market is on the edge of a recession, a downtrend in the stock market is likely to have a temporary impact on the coin market.
-----------------------------------------------
(BTC.D chart)
A rise in BTC dominance means that funds in the coin market are being concentrated towards BTC.
Therefore, there is a possibility that altcoins will gradually sideways or show a downward trend.
There seems to be talk that the altcoin bull market has begun due to the current altcoin rise.
However, BTC dominance is expected to continue its upward trend and rise above 61.
Therefore, caution is required as the rising trend of altcoins is expected to gradually decrease or the rising period will become shorter.
(USDT.D chart)
The USDT market is a market that is active on all coin exchanges.
Therefore, USDT's volatility can be seen to have a direct influence on the coin market.
Accordingly, the decline in USDT dominance is more likely to lead to an upward trend in the coin market.
However, since USDT dominance can tell the flow of the entire coin market, it is recommended to look at the movement of BTC dominance as well.
Since funds are moved through USDT, if new funds flow through USDT, USDT dominance will naturally maintain an upward trend.
Therefore, it is better to analyze the movement of candles rather than analyze the trend of the USDT dominance chart.
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- 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.
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** 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.
---------------------------------
BTC Dominance - Massive Breakout! 60% Next!Bitcoin just out-performed the whole market.
In the process it escaped from the 50% resistance and now is well on its way to 60%.
This means one thing:
HOLDING BTC right now is the best trade, nothing else.
So long the BTC dominance goes up, you want to hold only one coin - THE KING OF CRYPTO.
This is great news as money is flowing into BTC, including new money.
Eventually some of that will spill-over into alts, but I don't expect that to be significant with the BTC halving due in April 2024.
I expect alts to perform better than BTC once BTC Dominance hits a ceiling. Either at 60% or 70%. Hard to say now.
Keep an eye on this chart. My bias is bullish on BTC for the next six months and I favor BTC vs any alts right now.
Like and follow for more ideas!
(USDT.D) Need to see if it can fall from 7.97-8.26Hello?
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-------------------------------------
(USDT chart)
(1D chart)
You need to see if a gap is created on the USDT or USDC chart.
The larger the candle, the more transactions are taking place in the USDT or USDC market, indicating the amount converted to USDT or USDC.
Therefore, the occurrence of a large rising candle means that a lot of transactions took place in the USDT market, and as a result, a lot of it was converted to USDT.
This means that selling pressure was strong in the USDT market.
However, since a small but continuous gap is created, this gap increase will ultimately maintain the upward trend in the coin market.
---------------------------------------------
(USDC chart)
USDC's continued decline may indicate independent movements away from the stock market.
Additionally, there is a possibility that it may have a negative impact on stock investment products made with coins.
Since the USDC market is not active on the coin exchange, I don't think there will be any direct impact from USDC's fluctuations.
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(BTC.D chart)
I believe that in order for the coin market to show a significant upward trend, the price of BTC must rise first.
Therefore, when BTC's full-fledged upward trend begins, BTC dominance is expected to rise above 61.
Due to this upward trend, altcoins are likely to gradually sideways or decline.
Then, at some point, BTC dominance will no longer rise and will begin to decline, and the simultaneous upward trend of BTC and altcoins will begin.
Therefore, I think it is only natural that we should currently focus on BTC or ETH.
-------------------------------------------------- -
(USDT.D chart)
The USDT market is an active market on coin exchanges around the world.
Therefore, the fluctuations of USDT have a great influence on the coin market, directly or indirectly.
Therefore, the fund flow in the coin market can be predicted to some extent by looking at the movement of USDT dominance.
If you look at the 1W chart and 1M chart, you can see that it is showing an upward trend.
Therefore, from a mid- to long-term perspective, it is expected to continue to rise.
A rise in USDT dominance means an overall downward trend in the coin market.
Therefore, I think it is better to approach investment from a mid- to long-term perspective.
However, if there is movement within the extended downtrend channel formed on the 1D chart and it shows a downward trend, the coin market is likely to show a short-term upward trend.
Therefore, we need to check whether it can fall in the 7.97-8.26 box range.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
Expect to see #Bitcoin Dominance %58#btcd has been pumping for al long time. Expecting impulsive move will reach #btcdom to %58 the ATH of the channel , then dump. Not financial advice.
BTC Dominance ideaAn idea about the BTC Dominance.
Thats the move that i expected to see till the BTC halving.
Already is on Breakout after the Fake news about BTC ETF.
But.. I expect to see higher moves with the upcoming hype about the BTC Spot ETF.
If we see a 10% pump at fake news what moves we will see after Blackrock and other big institutions will Start shill BTC to their customers ?
Bitcoin D.Btc dominance forming a hidden bearish divergence as you can see in the charts. If the divergence works then we will observe the rise in altcoins .
.
.KEEP EYE ON BTCD.
.
.
DYOR!!!
BTC Dominance, what could be next?Touched that 48% level that was predicted, in order to retest previous resistance.
Personally hoping for a double top and BTC D consolidating between 54 48 levels until bullrun arrives. But I also see 54% and even 57% as a possible final level (black swan).
Alt bags are ready for bullrun. Could definitely wait more for lower levels but many alts are at an insane discount already, its too risky not to be buying.
Meaning of rising gap in Market Cap chart: new capital inflowHello?
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-------------------------------------
(USDT chart)
I believe that the meaning of the gap that occurs in the Market Cap chart indicates whether funds are flowing into or out of the coin market.
Accordingly, I don't think the size of the candle or any other movements are very important.
I think the size of the candle indicates how many transactions are taking place.
Therefore, if the size of the candle begins to decrease and a gap begins to form, I think there is a higher possibility of creating a big wave in the coin market in the future due to the inflow or outflow of funds into the coin market.
As the size of the candle suddenly decreased, the gap began to rise.
If these movements continue to occur, the coin market is expected to eventually show an upward trend.
-------------------------------------------
(USDC chart)
I don't think changes in the USDC chart will have a direct impact on the coin market because there aren't many trading pairs that can be traded directly with USDC, i.e. the USDC market.
However, I think it depends on whether the investment products released in the stock market as coins will show similar movements to the stock market or whether they will show independent movements.
Therefore, it is likely that it will follow the stock market trend to some extent since it has currently gapped higher.
Currently, the only investment products released on the watch market are the BTC ETF and the ETH ETF in some countries, but since BTC is the leader in the coin market, it is expected to have some influence on BTC movements.
It is expected that the more coins are released as investment products in the stock market, the more likely they are to be associated with stock market movements.
-------------------------------------------------- ---
(BTC.D chart)
(USDT.D chart)
It is recommended to view the BTC dominance chart and USDT dominance chart together.
The reason is that
1. BTC dominance lets you know whether funds are concentrated towards BTC or altcoins.
2. This is because the overall trend of the coin market can be seen through the movement of USDT dominance.
Therefore, in order for the coin market to become a bull market, both BTC.D and USDT.D must maintain a downward trend.
If this is not the case and everyone maintains an upward trend, there is a high possibility that the coin market will show a downward trend.
Although you cannot know which specific coin (token) to invest in, you can tell by looking at the movement of BTC dominance or USDT dominance whether you should invest intensively in BTC or ETH, or altcoins.
Currently, BTC.D and USDT.D are showing an upward trend at the same time.
In this case, it is recommended not to trade as the coin market is likely to decline, but it is a time to intensively purchase BTC or ETH in the mid to long term.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
Bitcoin Dominance targetsCRYPTOCAP:BTC.D
Possible Targets and explanation idea
➡️Marked 2 main targets for Bitcoin Dominance
➡️Based on Take Profit indicator on weekly we can see test of "Take profit" line
➡️Marked green box zone where you can step by step sell and fix profit in altcoins
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
---
• Look at my ideas about interesting altcoins in the related section down below ↓
• For more ideas please hit "Like" and "Follow"!
🔥 Next Altseason Located: Watch The Bitcoin Dominance!Over the last months I've been fairly bullish on the Bitcoin Dominance (BTC.D). In other words, I think that BTC will outperform the average altcoin in the time to come. My most recent BTC.D analysis below.
In my eyes, the Bitcoin Dominance will continue to rise until it has reached the top purple line of resistance. Realistically, it can take another 6-8 months before we get there, right on time with the Bitcoin Halving.
Bitcoin is going to be, on average, the better investment over the next months. Only after we've reached the top resistance I'll be looking for long-term alt outperformance.
For the next bull-run / altseason, I'm looking at the bottom support to mark the end of the altseason.
Do you think that BTC will outperform alts in the coming months? Share your thoughts!🙏
Bitcoin Dominance crash is imminent!Overbought means a step down is very likely.
Hopefully with altcoin increase , alternative is total market crash!
Bitcoin Dominance AnalysisBitcoin dominance serves as a crucial indicator, offering insights into the broader altcoin market. Today, we observe a clear breakout from a cup and handle pattern, indicating a potential shift in market dynamics.
Key Resistance Levels Ahead: [/b
Resistance 1: 50.70%
Resistance 2: 50.91%
I anticipate pullbacks and increased activity in the altcoin market as a result. Keep an eye on potential opportunities! 🪙 🔍
USDT : Still time to realize profitsHello?
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-------------------------------------
(USDT chart)
(USDC chart)
As long as USDT funds are maintained, the coin market is expected to maintain an upward trend.
The decline of USDC is expected to make the coin market an independent market.
Accordingly, it is likely to show a different trend from the stock market.
(BTC.D chart)
(USDT.D chart)
If BTC dominance and USDT dominance decline simultaneously, the coin market is expected to create a bull market.
However, USDT dominance must fall below at least 7.14.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
Bitcoin Price and DominanceHello traders.
Sharing a Bitcoin analysis along with its dominance in the right panel.
🗓 Today (on 04/18) the price retraced to the exponential average of 21, in the 61.8% Fibonacci retracement.
💹 Continuing this bullish move, the next target by the Fibonacci projection would be at $ 31,387.00
Should there be a further correction, a possible entry point would be below the last low at $ up to $ 28,917.00, only after a confirmation of a bear trap.
🔎 Looking at the Bitcoin dominance chart on the right, we can see that the index is in an important region, testing the 200-period exponential moving average.
That said, we can outline the following scenarios:
🚀 🔴 If the crypto market continues to rise, but BTC dominance drops and does not break through this resistance, it means that Bitcoin will be performing worse against altcoins;
🚀 🔵 If the crypto market continues to rise, and BTC dominance rises, breaking this average, it means that Bitcoin price will perform better than altcoins;
🐻 🔵 If the crypto market undergoes a correction, and BTC dominance rises, it means that altcoins will be falling more than Bitcoin;
🐻 🔴 If the crypto market undergoes a correction, and the dominance of BTC falls, it means that Bitcoin will be falling more than altcoins.
I hope this helps.
USDT: Market capitalization without significant changeHello?
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-------------------------------------
(USDT chart)
I've seen an article saying that the market capitalization of stable coins has decreased significantly.
In fact, when looking at the USDT chart, which currently accounts for most of the funds in the coin market, it is in a very small state.
I think it was reported because the liquidity of the coin market has decreased so much that there are no other issues to worry about.
(1D chart)
USDT has shown significant volatility three times to form a high point.
The location corresponds to the section 82.098B-82.416B.
Therefore, if USDT is maintained above this range even if it falls to its maximum, I think the long-term trend of the coin market will not change.
-----------------------------------------------
(USDC chart)
It cannot be said that the decline of USDC had a significant impact on the coin market.
However, it can be seen that the decline of USDC played a role in lowering the correlation between investment products derived from the coin market, that is, the stock market.
Therefore, the further USDC falls, the more the coin market is expected to escape the influence of the stock market.
It is not easy to say definitively whether this trend is good or bad.
However, if we continue to move away from the stock market, regulations and pressure on the coin market will likely increase, so I think it is important to keep a reasonable line.
USDC's market capitalization also remains high.
However, I believe that the USDC market is not active and therefore has little influence on the coin market.
If the USDC market begins to expand beyond US exchanges to the rest of the world, then I believe that fluctuations in USDC will begin to have an impact on the coin market just like USDT.
In this sense, I think this is why the coin market is more likely to show independent movements different from the stock market even if the DXY continues to rise and the investment market enters a recession.
--------------------------------------------------
(BTC.D chart)
BTC dominance is expected to eventually rise and rise above 61.
The reason is that in order for BTC to show a full-fledged upward trend, BTC dominance must rise.
We've been talking about this for a long time, so I'll skip it.
-------------------------------------------------- ------
(USDT.D chart)
The SPX500USD chart shows the opposite movement to what was explained.
Therefore, if USDT dominance is maintained by rising above 8.16, there is a high possibility of renewing the new high (ATH).
The rise in USDT dominance needs to be closely observed because it is highly likely that the coin market will decline overall.
In order for this upward trend to turn into a downward trend, it must meet the HA-Low indicator and show a decline.
Until then, even if it declines, it is expected to just move sideways.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
Big-picture trading strategy revisitedhello?
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(BTCUSDT chart)
If it does not fall below the downtrend line, it is likely to rise.
An increase in trading volume is needed to break above the current price position, that is, near the M-Signal indicators on the 1W chart and 1M chart, but there is a possibility that it is holding it back from rising.
The reason may be to achieve a large increase at once.
The point that must be penetrated at once is above the 30495.92 section and above the point where the trend line of the 1W chart intersects.
Only then can you have the opportunity to break upward through the section your finger points to.
Any rise outside the current box is likely to lead to BTC's dominance.
Therefore, those who mainly trade altcoins need to be careful.
This is because once BTC's dominance begins, most altcoins are likely to gradually move sideways or show a downward trend.
The reason for this is that funds will be concentrated towards BTC for next year's BTC Halving.
This phenomenon is expected to gradually unravel once BTC dominance rises above 61.
Therefore, it is expected that that will be the time to purchase altcoins in earnest for the BTC halving.
If it touches the HA-High indicator of the 1M chart on the BTC chart and shows support, we expect that that will be the point where the coin market's full-fledged upward trend begins.
The next period of volatility for BTC will be around October 3rd.
Accordingly, there is a possibility that the day trading period may come to an end.
Therefore, we must prepare for the period of great volatility that will follow.
Periods of high volatility are likely to be the last decline before a full-fledged uptrend, that is, the section that forms a pullback.
However, this movement cannot necessarily be viewed as being expressed as a decline.
This is because it can show a big uptrend and then fall again, creating a pullback pattern.
Therefore, now is the time to focus on buying BTC or ETH.
I think that BTC 29K or lower is possible at this time.
If BTC rises above 29K, there is a high possibility that you will not buy BTC or ETH because you will think that it is more profitable to buy altcoins than to buy BTC or ETH.
For altcoins, the first purchase is completed when BTC is below 29K, and the second purchase is carried out when BTC is in the range of 32K-43K.
After that, full-scale purchases can be started after confirming support from the HA-High indicator of the 1M chart mentioned above.
This is the big picture, trading strategy in preparation for the BTC Halving next year.
Changing the big-picture trading strategy like this means that all trading strategies have been designed incorrectly, so an unprecedented situation will arise where all trading must be stopped.
Therefore, the big picture trading strategy should not be modified.
If you cannot create a big-picture trading strategy, you need to be careful because you cannot start trading from a long-term perspective, that is, farming.
Long-term trading, i.e. farming, is a mental battle.
That's why being able to stabilize one's psychological state is an important factor.
Therefore, if you cannot plan a big-picture trading strategy, you will not be able to trade from a long-term perspective because you will not be able to withstand changes in psychological state caused by price volatility.
--------------------------------------------------
- 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.
---------------------------------
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- After falling to its lowest point since Monday late in yesterday’s session, bitcoin (BTC) was marginally higher today.
BTC/USD fell to a low of 26,389.30 on Thursday, and at the time of writing, has rebounded to 26,641.77.
still remains below yesterday’s peak of 26,786.10 and almost 1,000 away from a recent three-week high.
The decline comes as the 14-day relative strength index (RSI) fell to a one-week low in the last 24 hours, before finding a stable floor.
price strength is tracking at 50.77, which is marginally above the aforementioned support at 50.00.
Should bulls opt to reenter after recent days of consolidation, they will likely target the 56.00 level on the indicator.
I have tried to bring the best possible outcome to this chart.
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When the general trend is rising, the flow of funds...Hello?
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(USDT 1D chart)
The key is whether it can rise and maintain the gap above 83.475B.
I believe that a large candle size means that a significant amount of funds are moving or being used for trading.
Therefore, I think the size of these candles that have been showing recently should become smaller than before.
Until then, the period of profit realization is expected to continue.
The time of profit realization and the time of day trading coexist.
This is because the final stage of profit realization is day trading.
Therefore, the day trading period ends with significant volatility.
Large volatility can appear either upward or downward.
In whatever form it appears, it will be moved to the vicinity where large volatility begins to appear.
After that, it is expected that the mainstream upward trend we have been hoping for will begin.
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(USDC 1D chart)
Although we created HA-Low and HA-High indicators, it is surprising to see a different interpretation method than what we created.
The original purpose of creating it was to conduct transactions using Heikin Ashi.
If you check the formula, you will see that it is a very simple formula.
Therefore, if the price is located near the HA-Low indicator, it means that the current price is located in the low range.
Accordingly, if it falls below the HA-Low indicator, there is a high possibility of renewing the previous low point.
Conversely, if it rises above the HA-High indicator, there is a high possibility of renewing the previous high point.
Therefore, when the general upward trend begins, the HA-High indicator appears as a stepwise rise.
I learned that when this type of trend, that is, a stepwise rise or fall, meets other indicators, it enters a trend reversal phase.
Therefore, for USDC to turn into an upward trend, it must meet the HA-High indicator.
The current HA-High indicator is located around 43.294B, so you can see that it is quite far away.
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(BTC.D chart)
I believe that BTC dominance must rise to at least 61 for a major uptrend to begin.
Therefore, no matter what the coin market looks like, we expect BTC dominance to eventually rise above 61.
Accordingly, the coin market is expected to conclude the day trading period with a rapid rise in BTC dominance.
A rise in BTC dominance ultimately means that funds in the coin market are concentrated towards BTC.
Therefore, caution is required as altcoins are likely to see a large downtrend.
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(USDT.D chart)
I think USDT dominance reflects the current direction of the coin market well.
Therefore, if USDT dominance rises, the coin market as a whole is likely to decline.
Conversely, if USDT dominance falls, the coin market as a whole is likely to show an upward trend.
One thing to consider here is the role of BTC dominance.
No matter how much USDT dominance falls, if BTC dominance does not fall along with it, only BTC will show great volatility and altcoins will show sideways or downward trends.
Therefore, in order to see the movement and flow of funds in the coin market, I think you should at least look at the BTC.D chart and USDT.D chart together.
When the day trading market closes and enters a period of high volatility, only BTC will see large price movements and altcoins will show sideways or downward trends, as described above.
This is the second buying period for altcoins from a mid- to long-term perspective.
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** 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.
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Bitcoin' s DOMINANCE is looking Bullish BTC is now retesting the bullish breakout and if succeed, btc dominance will continue moving upwards. If same time , btc pumps, this is a good sign for bulls. If same time, btc price plunges, this will be doom for bulls. And both cases, altcoins' prices will suffer if BTC dominance goes up. Due to increasing volatility, be careful hold on guard and use stops.
NOT FINANCIAL ADVICE.
