USDT.D: Need to check if it can fall below 5.89-6.39
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(USDT chart)
It is continuing its upward trend towards the upper tail of the candle created on November 8th.
Since the rise is occurring while creating a gap, it is believed that funds are continuously flowing into the coin market.
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(USDC chart)
The key is whether the price can rise above 26.525B while maintaining the upward trend due to the gap increase.
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(BTC.D chart)
In order for the coin market to enter a full-fledged bull market, I believe that BTC dominance must rise above 61 and then begin to fall.
Accordingly, if the current BTC dominance fails to rise and falls, there is a possibility that a small bull market may form before the full-scale bull market begins.
However, since it is judged that a full-fledged bull market is likely to begin only when BTC dominance rises above 61, it is highly likely that altcoins will eventually sideways or decline.
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(USDT.D chart)
A decline in USDT dominance indicates an upward trend in the coin market.
Therefore, if it falls below 5.89-6.39 and remains, the coin market is expected to enter a bull market.
However, at this time, I think the altcoin bull market will begin only when BTC dominance falls below 50.
If BTC dominance does not fall below 50, it is expected to form a strange bull market in which only BTC will rise, so caution is required when trading altcoins.
I believe that the secondary purchase period of altcoins for next year's BTC halving should be conducted in the BTC 32K-43K range.
The reason is that BTC dominance must rise.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(USDT chart)
Since the rise is occurring while creating a gap, it is believed that funds are continuously flowing into the coin market.
---------------------------
(USDC chart)
----------------------------------------------
(BTC.D chart)
Accordingly, if the current BTC dominance fails to rise and falls, there is a possibility that a small bull market may form before the full-scale bull market begins.
However, since it is judged that a full-fledged bull market is likely to begin only when BTC dominance rises above 61, it is highly likely that altcoins will eventually sideways or decline.
-------------------------------------------------- --
(USDT.D chart)
Therefore, if it falls below 5.89-6.39 and remains, the coin market is expected to enter a bull market.
However, at this time, I think the altcoin bull market will begin only when BTC dominance falls below 50.
If BTC dominance does not fall below 50, it is expected to form a strange bull market in which only BTC will rise, so caution is required when trading altcoins.
I believe that the secondary purchase period of altcoins for next year's BTC halving should be conducted in the BTC 32K-43K range.
The reason is that BTC dominance must rise.
--------------------------------------------------
- The big picture
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
[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/
(USDT.D 1D chart)
(BTC.D 1D chart)