The relationship between the BTC chart and the MarketCap chart
I think it is important in trading to exclude various issues surrounding the coin market and think about the future trend only with the movement of the chart.
If you analyze the world economy or various issues and look at the chart with your thoughts on it, subjective thoughts are highly likely to be involved, so I think it is always good to analyze and observe the chart movement first and then read the news.
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(MarketCap Chart)
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(USDT Dominance (USDT.D) 1W Chart)
USDT Dominance continues its steady upward trend.
It can be thought that the share of the coin market is increasing that much.
Therefore, I think it is difficult to know the movement of the coin market with the trend of USDT.
However, the fluctuation of USDT dominance gives you a rough idea of what funds are doing in the coin market.
When USDT dominance rises, you can think of it as converting funds into USDT in the coin market.
In particular, I think that the rise in the gap in USDT dominance means that a lot of money has flowed into the coin market.
When USDT dominance declines, you can think of USDT funds being used in the coin market.
In particular, the decline in the USDT dominance gap is believed to have caused a lot of money to flow out of the coin market.
It seems that the boundary between rising and falling is divided based on the 2.670 point at the present time.
Therefore, if USDT dominance is maintained below the uptrend line (1), I think the coin market can maintain an uptrend.
However, the correlation between the rise in BTC price and altcoins is unknown.
If the price of BTC rises, the price of altcoins may decline or go sideways.
Therefore, the BTC price should rise, creating a wave.
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(BTC 1W Chart)
Looking at the current BTC price chart, I think we are checking whether ATH will be supported after renewal.
In such a move, we need to see if the trading volume of BTC decreases and the trading volume of altcoins increases.
You should also check if altcoins are circulating pumping.
If there is no circulation pumping of altcoins, I think that it is a sign that funds are not circulating in the coin market and that funds are flowing out of the coin market or not trading soon.
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(BTC Dominance (BTC.D) 1W Chart)
I think the BTC Dominance Chart is a chart worth observing in that sense.
We believe that the decline in BTC dominance does not indicate a decline in the price of BTC, but rather shows that funds are moving towards altcoins.
If BTC dominance is maintained below the 48.81 point on the BTC dominance chart, it is expected that altcoins will continue to pump in circulation.
This is expected to continue the altcoin uptrend.
I think the big bear market for the coin market starts when BTC dominance rises above the 56.78 point.
If you analyze the world economy or various issues and look at the chart with your thoughts on it, subjective thoughts are highly likely to be involved, so I think it is always good to analyze and observe the chart movement first and then read the news.
-----------------------------------------------
(MarketCap Chart)
------------------------------------------------
(USDT Dominance (USDT.D) 1W Chart)
It can be thought that the share of the coin market is increasing that much.
Therefore, I think it is difficult to know the movement of the coin market with the trend of USDT.
However, the fluctuation of USDT dominance gives you a rough idea of what funds are doing in the coin market.
When USDT dominance rises, you can think of it as converting funds into USDT in the coin market.
In particular, I think that the rise in the gap in USDT dominance means that a lot of money has flowed into the coin market.
When USDT dominance declines, you can think of USDT funds being used in the coin market.
In particular, the decline in the USDT dominance gap is believed to have caused a lot of money to flow out of the coin market.
It seems that the boundary between rising and falling is divided based on the 2.670 point at the present time.
Therefore, if USDT dominance is maintained below the uptrend line (1), I think the coin market can maintain an uptrend.
However, the correlation between the rise in BTC price and altcoins is unknown.
If the price of BTC rises, the price of altcoins may decline or go sideways.
Therefore, the BTC price should rise, creating a wave.
------------------------------
(BTC 1W Chart)
Looking at the current BTC price chart, I think we are checking whether ATH will be supported after renewal.
In such a move, we need to see if the trading volume of BTC decreases and the trading volume of altcoins increases.
You should also check if altcoins are circulating pumping.
If there is no circulation pumping of altcoins, I think that it is a sign that funds are not circulating in the coin market and that funds are flowing out of the coin market or not trading soon.
---------------------------------------------
(BTC Dominance (BTC.D) 1W Chart)
I think the BTC Dominance Chart is a chart worth observing in that sense.
We believe that the decline in BTC dominance does not indicate a decline in the price of BTC, but rather shows that funds are moving towards altcoins.
If BTC dominance is maintained below the 48.81 point on the BTC dominance chart, it is expected that altcoins will continue to pump in circulation.
This is expected to continue the altcoin uptrend.
I think the big bear market for the coin market starts when BTC dominance rises above the 56.78 point.
[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/
