New changes are expected to begin in the near future
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(USDT chart)
(1D chart)
The possibility of major changes on the USDT chart is increasing.
When the Bollinger Bands (bollinger bands), which have seen the flow of the historical USDT chart, contracted and expanded, it has shown a large upward trend.
It is necessary to confirm whether this time it will show the same appearance as the previous flow.
If it does not, and it shows a decline below 81.839B, it is expected to create a new wave.
USDT is a fund that plays an important role in supporting the coin market.
Therefore, if USDT turns to a downtrend, it is very likely that the coin market will show a large downtrend, so it is necessary to keep an eye on it.
Currently, it is expected to show an upward trend like the previous trend.
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(USDC chart)
USDC also has a high market cap ranking.
Therefore, it can be seen that funds entering the coin market through USDC also play an important role.
However, if you look at the USDC chart, it continues to show a downward trend.
This downward trend can never be seen as having a good effect on the coin market.
Currently, there are not many trading pairs that can be traded with USDC itself.
Therefore, we have reasonable doubts that we are converting the funds that flowed into the coin market through USDC into USDT.
USDC believes that when a coin market investment product is launched on the stock market, it is operated with funds that maintain and manage (?) this investment product.
Therefore, we believe that a rise in the stock market is likely to lead to a fall in USDC.
In any case, it is clear that USDC is not yet having a significant impact on the coin market as a whole.
If the USDC market starts to be created on exchanges around the world, it is expected that USDC will also have an influence over the coin market.
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(BTC.D chart)
What you can tell from the BTC dominance chart is whether the money in the coin market is concentrated in BTC or altcoins.
Therefore, the rise in BTC dominance can be interpreted as meaning that funds are concentrated towards BTC.
If this movement continues, altcoins will gradually move sideways or decline.
BTC dominance is expected to pick up direction again in the 56.78-61.73 zone.
Therefore, if you are currently trading altcoins, a quick response is required from a short-term perspective.
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(USDT.D chart)
USDT has a USDT market formed on exchanges around the world.
As such, USDT has a great influence across the coin market.
In that sense, the movement of USDT dominance allows us to see the flow of the coin market.
Looking at the big picture right now, I would expect a major trend to form depending on which way the 6.21-8.25 area is deviating.
To do so, it is necessary to check what kind of movement is shown in the 6.85-7.27 section.
An increase in USDT dominance is likely to lead to a decline in the coin market.
Therefore, USDT dominance is, in a way, equivalent to the invert chart of the BTC chart.
However, since USDT is involved in the overall flow of the coin market, it is not necessarily related to the BTC chart.
Therefore, when viewing Market Cap charts (USDT, USDC, BTC.D, USDT.D, TOTAL, TOTAL2, OTHERS, etc.), you should look at several related charts together.
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To sum up,
I think the possibility of a new trend in the coin market is increasing due to changes in the USDT chart and changes in USDT dominance.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(USDT chart)
(1D chart)
When the Bollinger Bands (bollinger bands), which have seen the flow of the historical USDT chart, contracted and expanded, it has shown a large upward trend.
It is necessary to confirm whether this time it will show the same appearance as the previous flow.
If it does not, and it shows a decline below 81.839B, it is expected to create a new wave.
USDT is a fund that plays an important role in supporting the coin market.
Therefore, if USDT turns to a downtrend, it is very likely that the coin market will show a large downtrend, so it is necessary to keep an eye on it.
Currently, it is expected to show an upward trend like the previous trend.
----------------------------------------------
(USDC chart)
Therefore, it can be seen that funds entering the coin market through USDC also play an important role.
However, if you look at the USDC chart, it continues to show a downward trend.
This downward trend can never be seen as having a good effect on the coin market.
Currently, there are not many trading pairs that can be traded with USDC itself.
Therefore, we have reasonable doubts that we are converting the funds that flowed into the coin market through USDC into USDT.
USDC believes that when a coin market investment product is launched on the stock market, it is operated with funds that maintain and manage (?) this investment product.
Therefore, we believe that a rise in the stock market is likely to lead to a fall in USDC.
In any case, it is clear that USDC is not yet having a significant impact on the coin market as a whole.
If the USDC market starts to be created on exchanges around the world, it is expected that USDC will also have an influence over the coin market.
-------------------------------------------------- ---
(BTC.D chart)
Therefore, the rise in BTC dominance can be interpreted as meaning that funds are concentrated towards BTC.
If this movement continues, altcoins will gradually move sideways or decline.
BTC dominance is expected to pick up direction again in the 56.78-61.73 zone.
Therefore, if you are currently trading altcoins, a quick response is required from a short-term perspective.
-------------------------------------------------- -----
(USDT.D chart)
As such, USDT has a great influence across the coin market.
In that sense, the movement of USDT dominance allows us to see the flow of the coin market.
Looking at the big picture right now, I would expect a major trend to form depending on which way the 6.21-8.25 area is deviating.
To do so, it is necessary to check what kind of movement is shown in the 6.85-7.27 section.
An increase in USDT dominance is likely to lead to a decline in the coin market.
Therefore, USDT dominance is, in a way, equivalent to the invert chart of the BTC chart.
However, since USDT is involved in the overall flow of the coin market, it is not necessarily related to the BTC chart.
Therefore, when viewing Market Cap charts (USDT, USDC, BTC.D, USDT.D, TOTAL, TOTAL2, OTHERS, etc.), you should look at several related charts together.
-------------------------------------------------- ---
To sum up,
I think the possibility of a new trend in the coin market is increasing due to changes in the USDT chart and changes in USDT dominance.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
[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/
