I think the days of just looking at BTC dominance are nearing its' end now that we have more stable (generally) crypto options to "cash out" to. Before USDT/USDC, bitcoin was the safest to cash out to. I calculated dominance of top 50 overall market cap stablecoins BUSD, USDC, USDT and DAI and then added BTC.D. This way we can paint a picture of overall market...
Just 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...
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...
Tether and stablecoins flowing into alts, BTC dominance leave space for ETH the last bull run all started with prolonged BTC.D growth, an altseason at that point could hurt some more BTC and prevent dubious coins to be purged, but it can also reward bold and innovative project. Not sure what to think of the recent PA, lot of similarity with previous bear flag...
In the realistic possibility that a vast majority of TRX is burnt in the next year, we could see a hyper deflationary spiral causing TRX to increase 35x-100x in market cap, and 3000x in price. Based on the average burn rate of 284 million TRX per day since USDD launched, it's possible that 99% of the circulating supply of TRX is removed from circulation over the...
Mass hysteria and panic was achieved this week similar to past capitulations We are due a bounce. Let's watch & see how it plays out... I am long ETH spot, and quite happy at picking up a long term bag for close to an 80% discount. Arthur Hayes has a 10K target which i concur with.
USDT can be used to predict when this stablecoin rotates back into BTC & Altcoins. In the past 3 times, BTC bottommed out at exactly this trendline. Now it overshot the TL but quickly retraced exactly on the TL at 7.72% dominance forming a long red hammer in daily.. Will this again signal another BTC shortterm bottom with 21000 holding? Looking at the distance...
The StableCoin crash is irreversible. In this scenario, nobody knows where will be the bottom of the #CryptoMarket. There are risks for #Bitcoin to see the 4k level ;) Join our newsletter at: rodopacapital.locals.com
Measured move into the mid 8% Definite possibility of over-performance to around 10% #USDC dominance is already over 4% of the total crypto market. Are we going to a bear market bottom with #stablecoins getting close to 20% dominance!
Looks a good setup. Head & shoulders, over a 90% fall from grace from this Bull top. Retested resistance after the #UST / #LUNA debacle Attacks on stable coins will continue, even over collateralised stables like #DAI
it is our belief that USDT and lately USDC issuing contributed to the expansion of bitcoin price, in the same manner that M2 / fed balance sheet did contributed to SPX rise since long. henceforth, its currrent shrinking should cause BTC prices to fall alongside.
Can we leverage stablecoin pairs? BUSD up almost 10% over Tether's USDT. Look at that volume too!
this is a chart with the dominance of the four main stablecoins on the market. It give a good indicator of the direction of the market. When the supply contract this is a bullish signal.
On the 28th of March the VIX dipped below 20 giving the signal that the market was on your side if a trim was in your investing plan-didn't fit with me since I'm long until we over shoot (around $155 short term). Today we are right back between 20 and 30. This could be a good time to add to positions like Luna if that fits with your investment strategy. $77.51 is...
Hey guys. In this study I compare the dominance of the dollar in the crypto market, against the price of Bitcoin. The dominance of the dollar in stable coins represents the percentage of capital in this asset in relation to the cryptocurrency market as a whole. When this percentage rises, it means that people are more positioned in dollars. On the contrary, when...
As an intra-day/intra week trader it's been tough recently to find enough space for profit without risking too much. So I decided to look through some of my published ideas and found my hit rate to be satisfactory with one call that was way way off. (link below) So I was compelled to dig deeper and zoom out on LUNA/TERRA and see what the BIG PICTURE really is....
Technology is fast and many of investors were now interested on Cryptos.; by building an app, making mode of payment, etc. Stable coins like USDT has a potential to be a legal tender compared to BTC and ETH wherein both of them has a very large swings and very volatile.
Maybe the cup and handle already popped off and this is the retest down?