Looking at the Market Cap chart, the coin market trend
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(USDT chart)
The new high (ATH) continues to rise, creating a gap.
(USDC chart)
Contrary to USDT, USDC remains in a downtrend, still gapping.
Therefore, it is necessary to countermeasures against this as it can limit the rise of the coin market or cause a sharp decline.
The countermeasure against this trend is not to find a time to split and sell, but to find a time to buy and sell.
Misunderstanding this and proceeding with split selling or selling 100% and then buying when it fell will increase your psychological anxiety, and you should be careful as you may proceed with a wrong transaction and continue to regret it in the future.
BTC 29K or less is a buy zone from a mid- to long-term perspective.
However, since BTC rose above 29K and then fell below 29K, it is recommended to confirm the trend reversal before proceeding with the purchase.
Otherwise, if you proceed to buy when it is down, this will also increase your psychological anxiety.
In the process of trading, if you focus only on profits without considering your own psychological changes, you will eventually increase the possibility of trading in an erroneous way due to psychological factors.
Therefore, trading to obtain more profits is important, but more importantly, it is important to establish a trading strategy that can minimize the psychological anxiety and burden caused by trading.
(BTC.D chart)
We should think with a focus on the fact that BTC dominance will maintain its upward trend.
The reason is that there is a BTC halving next year.
Therefore, as more people want to trade BTC, it is expected that BTC dominance will rise regardless of BTC price fluctuations.
This uptrend is expected to meet volatility as it rises around 56.78-61.73.
If this volatility turns BTC dominance into a downward trend, it is expected that the coin market will face a period of altcoin pumping cycle.
If that is not the case, and continues to rise, I expect to see volatility again around 70.03.
(USDT.D chart)
It sits near 7.52 as it moves through the May 15-17 volatility period.
Therefore, it is necessary to check whether there is a movement out of the 7.27-7.86 section.
Since the USDT dominus once rose in the 6.85-7.27 zone, the key is whether it can be resisted around 7.86-5.25.
If it does not and rises, it is expected to renew the new high (ATH).
A rise in USDT dominance means a fall in the coin market.
At this time, the important thing is to be careful when trading altcoins as the price destruction of altcoins can be serious according to changes in the BTC price.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(USDT chart)
(USDC chart)
Therefore, it is necessary to countermeasures against this as it can limit the rise of the coin market or cause a sharp decline.
The countermeasure against this trend is not to find a time to split and sell, but to find a time to buy and sell.
Misunderstanding this and proceeding with split selling or selling 100% and then buying when it fell will increase your psychological anxiety, and you should be careful as you may proceed with a wrong transaction and continue to regret it in the future.
BTC 29K or less is a buy zone from a mid- to long-term perspective.
However, since BTC rose above 29K and then fell below 29K, it is recommended to confirm the trend reversal before proceeding with the purchase.
Otherwise, if you proceed to buy when it is down, this will also increase your psychological anxiety.
In the process of trading, if you focus only on profits without considering your own psychological changes, you will eventually increase the possibility of trading in an erroneous way due to psychological factors.
Therefore, trading to obtain more profits is important, but more importantly, it is important to establish a trading strategy that can minimize the psychological anxiety and burden caused by trading.
(BTC.D chart)
The reason is that there is a BTC halving next year.
Therefore, as more people want to trade BTC, it is expected that BTC dominance will rise regardless of BTC price fluctuations.
This uptrend is expected to meet volatility as it rises around 56.78-61.73.
If this volatility turns BTC dominance into a downward trend, it is expected that the coin market will face a period of altcoin pumping cycle.
If that is not the case, and continues to rise, I expect to see volatility again around 70.03.
(USDT.D chart)
Therefore, it is necessary to check whether there is a movement out of the 7.27-7.86 section.
Since the USDT dominus once rose in the 6.85-7.27 zone, the key is whether it can be resisted around 7.86-5.25.
If it does not and rises, it is expected to renew the new high (ATH).
A rise in USDT dominance means a fall in the coin market.
At this time, the important thing is to be careful when trading altcoins as the price destruction of altcoins can be serious according to changes in the BTC price.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with 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/
