I see two possible scenarios playing out: The Bullish Scenario The dominance goes lower and respects the current downtrend. This could either bounce off roughly 6% (this area has seen some interesting patterns in the chart) or just continue collapsing down. This would be bullish depending on if we don't have much trouble clearing the 5.8-6% range. The Bearish...
I have updated my idea about CRYPTOCAP:USDT.D & CRYPTOCAP:USDC.D ... We still didn't breakdown this bullish channel.... ***Dollar's Dominance is opposite of CRYPTOCAP:BTC which means if USDT & USDC's dominance are up BTC will be down.*** Check it below in related ideas Good luck
Hello Fellow Traders! 🚀💹 🌐 Dollar Dominance Chart Analysis 📈💵 This chart holds significant implications for the dollar's dominance and the broader market. 📌 Pattern Recognition: Flag Channel 🚩 We're currently observing a crucial pattern known as the flag channel. Typically, this pattern is bullish (confirmed upon breaking out from above). 💡 Key Insight:...
Here's a look at CRYPTOCAP:OTHERS.D or Altcoin Dominance vs. itself, but without CRYPTOCAP:USDT.D and CRYPTOCAP:USDC.D When removing the calculation of stablecoins dominance from the picture, the pattern looks less like a downtrend and more like a potential bottom that may soon reverse. Most are not expecting this with the present rise of ...
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...
📌 10 @TradingView Crypto Indices You Should Know! Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. And I want to start by thanking @TradingView for putting these indices together - making our life easier. A couple of days ago, TradingView posted a tweet (attached on the chart) highlighting these 10 Crypto Indices. So I...
Heres part 2 of the market breakdown, explaining my reasoning behind bias, price action and providing context to why i think we could be forming a temporary low before seeing a corrective move into higher prices.
minor channel view of stables within the major price channel. Local resistances must be followed.
Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (USDT 1D Chart) (USDT 1D Chart) A gap in USDT and USDC charts indicates an inflow or outflow of funds. Candles are drawn as funds are utilized in the coin market. USDC's outflow of funds...
Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (USDT 1W chart) (USDT 1W chart) (USDT.D 1D Chart) (USDC.D 1D Chart) Money flows into or out of the coin market through stable coins such as USDT and USDC. As proof of that, it can be seen...
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...
Hello how are you? On the long-term chart BTC follows a bullish channel. It looks like he is testing the 38% Fibonacci retracement. I placed the retracement considering the bottom of March 9, 2020 and the top of March 08, 2021. Why did I consider these dates? Explanation below. BTC/USD indexed on Nasdaq As Nasdaq is strongly correlated with BTC lately, I...
Hello traders, welcome to this USDC dominance update. I hope you guys followed my previous USDC.D update. If you haven't then do check out the link below and go through the update. Timeframe: 3 Days. Description: USD Coin ( USDC ) is a cryptocurrency whose value is tied to the U.S. dollar. USD Coin is a stablecoin, and as such one USDC should always be...
#USDC.D #CRYPTOCAP Market Cap USDC Dominance is below lower line of triangle and retesting the broken line. breaks down the support zone will trigger a bullish rally across the crypto market.
Hello traders, I hope you guys are doing great. Here's an update on USDC Dominance. Timeframe: 3 Days. Update: The market is dropping once again as expected. With the recent rally, it is likely to see the USDC.D at 7.5% where we have a strong resistance which means BTC can possibly reach $17k. I strongly feel that we will soon see rejection in the USDC.D. The...
Hello, community members welcome to another USDT DOMINANCE chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section. As we can see from the above-mentioned chart that USDT DOMINANCE is currently trading in a red resistance zone and rejection is needed at this point. Rejection will lead ALT COINS to...
Hello, community members welcome to another USDC DOMINANCE chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section. As we can see from the above-mentioned chart that USDC DOMINANCE is currently on a path to print a HEAD & SHOULDER pattern. A break below the neckline will be great for BTC and ALT...
Hello wonderful traders, welcome to my quick USDC Dominance update. Timeframe: 3 Days. Description: USD Coin (USDC) is a cryptocurrency whose value is tied to the U.S. dollar. USD Coin is a stablecoin, and as such one USDC should always be equal in value to one dollar. USD Coin is currently the second-largest stablecoin, with a current market capitalization...