Bull market begins: BTC.D (below 50), USDT.D (below 5.89)
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(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.
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(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.
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(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.
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(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.
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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.
---------------------------------
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(USDT chart)
Accordingly, we can see that funds are continuously flowing into the coin market.
-----------------------------------------
(USDC chart)
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)
(DXY chart)
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(BTC.D chart)
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.
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(USDT.D chart)
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
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.
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[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(USDC 1D chart)
Although BTC fell on November 16, USDT and USDC continue to show an upward gap.
Accordingly, we can see that funds have flowed into the coin market.
Therefore, since there is a possibility that the buying trend has increased with the inflow of funds, it is necessary to check whether there is a driving force that can rise above 38K this time.
(BTC.D 1D chart)
Otherwise, altcoins are likely to move in the opposite direction of BTC.
(USDT.D 1D chart)
Accordingly, we need to see whether BTC dominance falls above 50 and USDT dominance falls below 5.89.
If this is not the case and USDT dominance begins to rise, the coin market will likely see a downward trend.
When the downtrend begins, the point where the real downtrend begins is around 29K, so you need to think about a response to the pull back pattern.