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...
Cryptocrash coming in May based on macro and Usdt Dominance This is a possible scenario imo.
Stablecoin dominance going down as well, ofc since we are reaching a local higher high after a while :)
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...
👑 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:
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...
🎯 Today we'll have a look at the cumulated dominance of Tether USD, Circle USD and DAI in comparison with Bitcoin's price. Since 2019 Stables dominance has been ranging inside this channel on the logarithmic chart. The channel is moving upwards as more funds enter and remain in the cryptoverse. As such, the dominance of Stables is highly dependent on interest in...
El Salvador has used Bitcoin for a year. El Salvador started using Bitcoin as a legal tender a year ago after President Nayib Bukele made a contentious choice. The public welcomed the new chance with enthusiasm, but since then, Bitcoin's value has fallen, and some experts believe the initiative was a disaster. Bitcoin is up 2.72% today, Ethereum is up 8%, and...
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...
BingX’s Bitcoin Chart According to CoinShare, Digital asset investment products saw minor outflows last week totalling US$9m last week with volumes at US$1bn, 55% off the year average and the 2nd lowest this year. Bitcoin price is almost flat over the past 24 hours. The relative strength index (RSI) is near the oversold zone, indicating that the bears have a...
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...
Just remembering that the dominance of stable coins is inversely correlated to the price of other cryptocurrencies. When dominance rises, the price of Bitcoin, Ethereum and other cryptos commonly fall. We are on an ABC correction within the bearish leg of wave 5. The yellow circles demonstrate an important pullback region, where we are right now. The chart is...