readCrypto

Market Cap (BTC.D + USDT.D + USDT + USDC) - December 17

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CRYPTOCAP:USDT.D   Market Cap USDT Dominance, %
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(Market Cap 1D Chart)


(USDT Dominance (USDT.D) 1D Chart)
(Full: www.tradingview.com/x/WinFLyO9/)


On the BTC.D and USDT.D charts, the trading volume (???) that occurred on December 14 is the largest ever.

The figures showing the trading volume are indicated as having generated more than 20T.

It can be seen that there has been a movement to defend the price.


We see gaps in the Dominance Chart, USDT Chart and USDC Chart as a signal that new funds have entered the coin market.


When USDT Dominance (USDT.D) goes down, the coin market shows an upward trend.

Accordingly, it is necessary to confirm whether the coin market will show an upward trend as it receives resistance in the 3.5-3.746 section and falls below the 3.374 point.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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Comment:
How to interpret a Market Cap chart as a result of observations over a long period of time.

(How to view USDT, USDC charts)
Gap Rising: Funds are thought to have flowed into the coin market (new stablecoin issuance)

Gap Falling: Funds are thought to have exited the coin market (converted to fiat currency)


The shape of the candle is thought to have arisen from a transaction.

Downward Candle: Buying is increasing
Bullish Candle: Increase in Selling

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(How to view the BTC.D chart)
Gap Rising: Traces of large funds entering the coin market and buying
Gap Falling: Traces of being sold for large sums of money and exiting the coin market


The shape of the candle is thought to have arisen from a transaction.

Downward Candle: Altcoins are on the rise
Rising Candle: Altcoin Selling Increase

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(How to view USDT.D chart)
Gap Rising: Traces of Big Money Entering the Coin Market
Gap Falling: Traces of large funds exiting the coin market


The shape of the candle is thought to have arisen from a transaction.

Downward Candle: Increase in Coin Market Buying
Rising Candle: Increase in Coin Market Selling

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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