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USDC DOMINANCE: SOON TO REJECT!Hello traders, I hope you guys are doing great. Here's an update on USDC Dominance. Timeframe: 3 Days. Update: The market is dropping once again as expected. With the recent rally, it is likely to see the USDC.D at 7.5% where we have a strong resistance which means BTC can possibly reach $17k. I strongly feel that we will soon see rejection in the USDC.D. The fundamentals related to cryptocurrency may not be positive but technically, the market will turn green soon. RSI: The RSI in USDC.D has been hovering in the overbought zone for quite a while and sooner or later, it has to come down. Conclusion: The big players are playing a big game here. The recent dump has already created panic in the market. Noobs are selling off and guess who is buying? You guys are smart enough to understand the market sentiment, so, this time don't be a flock of sheep rather be a tiger who waits patiently for the right moment. Show some support with your likes and comments. Thank you.

#TETHER/DOMINANCE 2HR CHART UPDATE !!Hello, community members welcome to another USDT DOMINANCE chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section. As we can see from the above-mentioned chart that USDT DOMINANCE is currently trading in a red resistance zone and rejection is needed at this point. Rejection will lead ALT COINS to climb upside down and breaking above will again lead ALT coins towards a red bath. MACD is also on the path to printing bearish cross-over. IMO, A rejection is likely in upcoming hours, let’s see how it performs in upcoming hours. NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.

#USDC.DOMINANCE 2HR CHART UPDATE !!Hello, community members welcome to another USDC DOMINANCE chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section. As we can see from the above-mentioned chart that USDC DOMINANCE is currently on a path to print a HEAD & SHOULDER pattern. A break below the neckline will be great for BTC and ALT coins, break below will be the trigger point for the whole market to rally upside. Let’s see how USDC reacts at the neckline level. Bounce from that level will form red candles in ALTS. NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.

USDC DOMINANCE: REJECTION POSSIBLE!!!Hello wonderful traders, welcome to my quick USDC Dominance update. Timeframe: 3 Days. Description: USD Coin (USDC) is a cryptocurrency whose value is tied to the U.S. dollar. USD Coin is a stablecoin, and as such one USDC should always be equal in value to one dollar. USD Coin is currently the second-largest stablecoin, with a current market capitalization of $73 billion. USD Coin and Tether (USDT) together account for 80% of the capitalization of the global stablecoin market. Update: The USDC.D is unable to break through the 7% resistance level. This could be a clear sign of rejection towards the lower band of the trendline (2.5%). But before it does that, there's a support at a 5% level from where USDC.D may possibly bounce back. Parallel Relation with BTC: If the USDC.D gets rejected towards the 5% support level, it will be a -17% drop which means the current bounce in BTC could rally up to $28k to $30k where we have strong resistance. And if the USDC.D bounces back from the 5% support level then BTC will surely get rejected from its resistance level. Relative Strength Index: The RSI is beyond 70 indicates that it is overbought. The RSI needs to come down in order to maintain the balance. On the other hand, the RSI in BTC is oversold which means the price of BTC will possibly rally. Conclusion: We are at the end of the 2nd quarter and I expect the beginning of the 3rd quarter to be bullish for the market. What is your view on the current market situation? Share with me your thoughts and ideas. I will be glad to read them out. Thank you for your support.

USDC DOMINANCE: !!!IMPORTANT UPDATE!!! MUST READ!!!Hello traders, You must be thinking what on earth is happening to the market? How deep BTC is going to drop? Are we going to see BTC below $20k? Well, guys, this one chart got all your answers covered. This is the USDC Dominance weekly chart and in my previous update, I have already mentioned how the USDC stable coin play against BTC and other altcoins. We can see that the USDC.D has beautifully maintained the uptrend and it is currently close to the upper trendline (resistance). if we do some backtesting then we can observe that the USDC.D has always respected the trendlines be it upper or lower trendlines. So, let us break it down piece-by-piece and get to the final conclusion. 1. 16th March 2020: Bitcoin made a historical rally towards the new all-time-high. BTC pumped from $3900 to $12000, a 176% gain in a span of 160 days. This was the exact same time when the USDC.D dropped by -45% from 0.46% to 0.24%. After this, we saw the USDC.D making a rally towards 0.86% which led BTC to drop by -21% ($9850). 2. 5th October 2020: It was the beginning of the 4th quarter when BTC was set to rally 500%+. A journey from $10.5k to $65k was absolutely astonishing. This is where the USDC.D dropped by -53% but soon, BTC dropped by -56% and the USDC.D rallied 400%+ (2.31%). 3. 19th July 2021: After the big 56% drop, BTC rallied once again and this time BTC created a history by making a new and still the present all-time-high of $69k. This lets the USDC.D drop another 53% but then things changed and till now BTC continues to drop. Conclusion: This is the end month of the 2nd quarter and BTC is still finding its bottom level. The USDC.D is once again reaching the resistance level. The big question is, will the USDC.D get rejected as it did in the past or will it break out the ceiling this time? What I can figure out is, that the USDC.D is currently at 5.71% and there's a high chance that it will reach the 6.6% resistance level and then get rejected. This means BTC may possibly drop up to $20k or even below that level. Then we will witness a mega rally in the market. I hope the beginning of the 3rd quarter will be a game-changer for us. What can you figure out about the current market situation? Let me know in the comments. If you find this idea helpful then hit the like icon and follow me for more. Thank you.

#USDC.DOMINANCE PRINTING BEARISH DIVERGENCE IN DAILY CHART !!Hello, community members welcome to another BTC/USDT chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section. As we can see from the above-mentioned chart that USDC DOMINANCE is currently printing a bearish divergence and it can move down from here. The candle close above will be harsh for bull traders in USDT pair coins. Let’s hope for the best and see how the market performs in the upcoming hours. NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.

USDC DOMINANCE: THE STABLECOIN WE SHOULD ALL BE AWARE OF.Welcome my fellow traders. This will be my first-ever analysis of USDC.D and I hope it will be helpful to all. I have been observing this stablecoin dominance closely for the last few days and it is quite interesting to see how the USDC.D is playing off against bitcoin and other altcoins. By the way, USDT and USDC are two different stablecoins. Both USDT and USDC are popular stablecoins, and both are fixed to the USD. However, the USDT is the most traded cryptocurrency and is slightly more widely available than USDC, while USDC has a lower trading volume, and it is considered to be a safer store of value since it's backed by cash and cash equivalents. Coming back to the chart, The USDC.D is currently at the resistance of 4.43% after forming a symmetrical triangle in 6 hours timeframe. According to the pattern, there is a possibility that the USDC.D will break out. If that will be the case then we better be prepared for BTC and other altcoins to drop. On the other hand, if the USDC.D follows the past by getting rejected from the resistance trendline then we can expect the USDC.D to drop up to 4.17% which means a room for BTC and other altcoins to rally a bit more. Also, if you observe the RSI then the momentum and the volume in RSI are decreasing. We are close to the weekends once again and it will be crucial to see how it will close but before that, it is important to see how this 6 hours candle will close. We still have 5 hours in our hands so better wait and observe. I will update you more on this in the coming days. So be prepared. If you like this idea then do raise a thumbs up and follow. Thank you.

USDCD looking bearish USDC.D 1W/2D Charts USDC dominance continuing to look bearish here as I mentioned back in early Feb. Rejecting from the previous high and failed to put in a HH and close above it. Weekly close looks daily bearish with a bearish shooting star reversal candle. Market structure has changed failing to put in a HH with price struggling to maintain the uptrend. Bearish momentum starting with bigger sell candles printing. RSI is bearish having lost the MA on 2D chart which on the last 3 occasions has started the downtrend in USDC.D and uptrends within the market for BTC and altcoins as shown by the black arrows and callouts. Also showing bearish divergence on the RSi and weekly MACD starting to converge. Looking good here for USDC.D as well showing the dynamics shifting and money flow exiting stables and into the market. Id still be cautious given the macro economic POV but the TA looks great here. As I’ve been saying, coins have been in weekly lows and demand zones and good for DCA buys which I’ve been doing on some coins.