As i warned you in the past article, TRX is about to collapse because of USDD:
According to their website, USDD is secured by the over-collateralization of multiple mainstream digital assets (e.g. TRX , BTC , and USDT). The total value of collateralized assets is significantly higher than that of USDD in circulation with the collateral ratio set at 120%.
This...
Last week closed as an inverted hammer and this was the "last hooray".
EMA50 still stands as support but we have multiple lower highs since June 2022.
The weekly MACD just entered the bearish zone:
The weekly RSI is also showing a strong bearish bias:
All the USDT (Tether) will be used to buy Bitcoin and Altcoins.
Here we can see clearly on the daily...
Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
In a twist of events, an incident that happened within the banking realm created chaos for the crypto realm. I bet you didn't have that...
Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
In a twist of events, an incident that happened within the banking realm created chaos for the crypto realm. I bet you didn't have that...
Once this pennant breaks below BTC is likely to hit $22.5k+.
Is it likely? I think Yes.
Lower support is around 4.14%
Once this level hits expect some correction in the market.
The charts show the possibility of the continuation of this uptrend.
Invalidation:- Break and close above 4.85%
Let me know what. you think.
Please hit the like button if you like it and...
1. Bitcoin dominance w/ostablecoins
2. Bitcoin dominance with stablecoins
3. Altcoins dominance w/o ETH w/o Stablecoins
4. Altcoins dominance w/o ETH with stablecoins
5. ETH dominance w/ostablecoins
6. ETH dominance with stablecoins
7. Stablecoin dominance
Incredibly enough, some people still have doubt that Bitcoin and the Altcoins will continue to grow.
Here is the final confirmation in the form of a strongly bearish USDT.D chart.
Remember that one mentioning this thing is about "to speed'...
Well, this "thing" has more down to go before it finds support.
At least one more strong red candle, then a small...
We are vey near the bottom if looking at RSI and VWAP.
This pump will be only near 32,000 per BITCOIN and lets not expect more before we heavy crash to 14,000 Levels or below than 10,000 per BITCOIN.
Reason is, last year to fck up by the current administration of BIDEN. Plus pre-halving retrace pump before we really enter the HALVING by 2024.
FEEL FREE TO ZOOM...
👑
King Dollar Has Been Demonstrating It's
Dominance Over Markets, Especially Crypto Since
Bottoming In Quarter One Of 2021
Holding The Moniker Of The Dollar Prince
Even I've Been Surprised By The
Recent Strength, Though That Seems Set
To Finally Change
🔮
A Collection Of USD.D Stable Coin
Charts For Your Viewing Pleasure Below
Remember US Dollar Dominance Down...
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...
This layout is used to understand the level of risk exposure in the crypto market.
There are 3 data, in order from top to bottom:
1. USDT+USDC+DAI: Market Cap main stablecoins.
2. USDT.D+USDC.D+DAI.D: Dominance main stablecoins.
3. Bicoin/Dollar.
The data seen together makes us understand whether investors prefer to go risk-off or risk-on based on the...
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:
DOMINANCE DOWN CHANNEL
A useful tool for the crypto investor.
With yields on stablecoins collapsing, this sideline money either exits the space.
Remains as a hedging tool or re-deploys into actual blockchain protocols and coins.
#BTC, #ETH . #ALTS
This is the Dollar dominance chart in the cryptocurrency world.
It has an inverse correlation to Bitcoin and other cryptocurrencies that are not stable coins:
The dominance index is exiting the bullish purple channel.
However, it is still above the red support region.
The scenario will be bullish if this dominance does not return to the purple channel, and...
