ℹ️ This is the total market capitalization of cryptocurrencies, excluding major stable coins (USDT, USDC, BUSD, DAI, GUSD, PAX, SUSD, USDK, EURS). 🟢The chart indicates a possible bear trap. However, to be confirmed, the index needs to break through the resistance shown in the blue region above to have an upward confirmation. If that happens, the LS Volatility...
Stablecoins are cryptocurrencies whose value is pegged, or tied, to that of another currency, commodity, or financial instrument. Stablecoins aim to provide an alternative to the high volatility of the most popular cryptocurrencies, including Bitcoin (BTC), which has made crypto investments less suitable for common transactions. (Investopedia) This graph shows...
This graph shows the ranking of stable coins, according to the Amount of Assets Held by Whales (some stable coins don't have this information here). Since May 02, 2022, BUSD has surpassed USDC in this indicator. USDT remains relatively stable, and DAI was below $2 billion. The PEG of these stable coins can be seen in this other analysis:
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TRX has been trading in a relatively tight range since last year, that range is coming to a point now and it seems like, based on EW structure, that this triangle should break up within the next few weeks. If it doesn't break up in the next few weeks then we'll probably see it continue to consolidate into the tip of the triangle until the end of the year, before...
Bitcoin laid over top of the Tether-USDT Market Cap Dominance Chart. Pretty self explanatory as they have an inverse relationship up to this point. USDT peaks when Bitcoin is at or near a bottom. As USDT Cap works it's way down the money thats sitting Stable Coins starts moving back into Bitcoin. Once Bitcoin makes a top, USDT is close or near a bottom. As...
Grayscale warning ahead of the Ethereum Merge: “issuers like Tether and CirclePay have stated that post-fork, only the tokens on the PoS (proof of stake) network will be redeemable”, so if the PoS-based Ethereum fork goes “live with a parallel DeFi ecosystem, collateralized with unredeemable stablecoins, users and smart contracts may attempt to liquidate positions...
I think the days of just looking at BTC dominance are nearing its' end now that we have more stable (generally) crypto options to "cash out" to. Before USDT/USDC, bitcoin was the safest to cash out to. I calculated dominance of top 50 overall market cap stablecoins BUSD, USDC, USDT and DAI and then added BTC.D. This way we can paint a picture of overall market...
Stablecoin Dominance is a measure of crypto market sentiment. It is calculated as the percentage of the total crypto market cap that is comprised of stablecoins. A decreasing value signals a risk-on market while an increasing value is a sign of risk-off conditions. USDT, USDC, BUSD, and DAI are the stablecoins selected for the calculation.
USDT Dominance is in play. Testing the blue EMA right now after the breakdown.Although this is a 4 hour chart but most of the people trade on leverage so keep in mind an hourly full candle close above the 6.28% followed by a confirmation candle would mean I will close my long positions manually and this chart will be invalidated. Unlikely, but you never know....
BingX’s Bitcoin Chart According to Glassnode, the number of addresses holding 1+ Bitcoin just reached an ATH of 890,993. Bitcoin is down 1.32% over the last 24 hours and fell to an intraday low of $23,238.04. The largest cryptocurrency failed to sustain above the $24,000 price level during the weekend, suggesting the sellers remain active at this level. If...
This chart is self-explanatory. Pls note though that a possible H&S pattern has just been prevented with money moving back into USDT, thus delaying BTC rally. Not trading advice
USDT Dominance is at a decisive point. Multiple Rejection candles will lead to a rally across the market. BTC could hit $23k+ and alts will follow, probably a green week. However, a close above the resistance will lead to a correction. Important area, stay vigilant. CONCLUSION:- Close above 7.28% will trigger short entries across the market. Close below 7.23%...
We have this triangle on the chart which is a "top pattern"; when you see this pattern or an inverted cup you have high probability of dealing with a top. If prices topped, then we drop. Just a quick update to let you know that we continue bearish on USDT.D. The indicators are now also turning bearish, MACD and RSI. It is likely to speed up, fast, if/when...
Following the cryptocurrency market turmoil, the total supply of stablecoins has fallen quite significantly. This reportedly marks Q2 of 2022 as the first time in crypto history where the overall supply of stablecoins has decreased. Over the past month, the total supply of all stablecoins combined declined by more than 10 billion (equally +$10 billion), even...
TRX has the largest open interest in exchages meaning a lot of positions are being opened! Justin sun is afraid of losing the USDD stability like the UST nightmare. In these current market conditions I won't long the support as fundamentals are agains me. Starting from New york open, markets will be very volatile because of fear from fed interest rate decision...
Despite initially outperforming amid the recent crash, TRON (TRX) prices have dropped by over 16% in the last 24 hours. In order to defend and build support, Justin Sun, TRON head has planned to deploy over $2 billion. With the USDD stablecoin briefly losing its peg, Tron deployed $700 million to support the stablecoin and maintain redemptions. Justin Sun in a...