(USDT.D chart) I think USDT dominance reflects the current direction of the coin market well.
Therefore, if USDT dominance rises, the coin market as a whole is likely to decline.
Conversely, if USDT dominance falls, the coin market as a whole is likely to show an upward trend.
One thing to consider here is the role of BTC dominance.
No matter how much USDT dominance falls, if BTC dominance does not fall along with it, only BTC will show great volatility and altcoins will show sideways or downward trends.
Therefore, in order to see the movement and flow of funds in the coin market, I think you should at least look at the BTC.D chart and USDT.D chart together.
When the day trading market closes and enters a period of high volatility, only BTC will see large price movements and altcoins will show sideways or downward trends, as described above.
This is the second buying period for altcoins from a mid- to long-term perspective.
** 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.
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Ghi chú
(USDT chart) If you can find out the overall situation of the investment market through the DXY chart, I think you can find out the overall situation of the coin market by looking at the USDT chart.
Although we can only know roughly and retrospectively, I think that knowing itself is great luck in the investment market.
USDT has updated its new high (ATH) and is currently moving sideways.
Even if the current candle appears different from before, if the current level is maintained, the coin market is expected to show a different appearance from the general investment market.
Therefore, it is necessary to check the timing of this profit realization, that is, after around October 3rd, when the day trading period is expected to conclude.
Ghi chú
(USDT chart)
(USDC chart) USDC appeared to break away from the box section this time.
Accordingly, it appears to be temporarily affected by the stock market.
Although the USDT chart has not yet returned to its normal candle shape, it shows that funds are being maintained to some extent.
Accordingly, it is necessary to check the movement of the coin market when the stock market is closed.
(BTC.D chart)
(USDT.D chart) As it rose above 7.14-7.39, the possibility of breaking the new high (ATH) increased.
Therefore, even if the new high (ATH) is renewed, it is necessary to check whether it can quickly fall below 7.14-7.39.
Since it is currently located around 8.16, it is necessary to check whether it can meet resistance and decline around this area.
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