New funds are flowing in, and funds are focusing on BTC
Hello?
Hello 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, 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.
--------------------------------------------------
- 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.
---------------------------------
Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(USDT chart)
(USDC chart)
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)
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)
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.
--------------------------------------------------
- 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.
---------------------------------
Comment:
(USDC 1D chart)
As the gap falls, it appears that all the recently inflowed funds have flowed out.
[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/
A large USDT candle means that a lot of transactions are taking place in the USDT market.
Accordingly, caution is required as volatility is likely to occur.
(USDC chart)
This means that its influence on the coin market has decreased significantly.
However, if the gap continues to rise, I think the impact on the coin market will be coupled with stock market movements.
(BTC.D chart)
Accordingly, it can be said that it is still uncertain to say that it is a bull market.
Since the rise in BTC dominance means that funds in the coin market are concentrated towards BTC, it is expected that altcoins will not be able to keep up with the rise of BTC and will gradually sideways or decline.
Accordingly, I believe that the time for secondary purchases of altcoins is approaching from a mid- to long-term perspective.
(USDT.D chart)
If not, caution is needed as there is a possibility of an upward trend as the upward trend is maintained.
However, USDT dominance is bound to maintain an upward trend if funds continue to flow into the coin market.
Therefore, rather than looking at the trend, it is better to check whether the candle is a downward or upward candle.