Identify the size or flow of funds in the coin market
Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
In order to find out the size or flow of funds in the coin market, I think you should pay attention to the movement of the four charts below.
Check the size of your funds: USDT, USDC
Check the flow of funds: BTC.D, USDT.D
It is best to view all four charts together if possible because you can find out the size or flow of funds from limited information.
If it is difficult to see all four charts, it is recommended to view at least the USDT.D chart, which shows the flow of funds best.
------------------------------------------
(USDT chart)
(USDC chart)
It is important to check the USDT and USDC charts to find out the flow of funds in the current coin market.
USDT is a stablecoin backed by exchanges around the world.
Therefore, it is indispensable for most coin (token) transactions.
Therefore, the fact that USDT maintains an upward trend can be interpreted as meaning that funds are continuously flowing into the coin market.
However, the size of the candlestick is not very important because it is thought that new funds will flow in only when a gap occurs and rises on the USDT and USDC charts.
Although USDC maintains a high market cap, it is one of the stablecoins with little support for trading pairs on exchanges around the world.
However, since the market capitalization is maintained at a high level, it is less than USDT, but I think it exerts some influence on the coin market.
In particular, since USDC is likely to be composed of US investment capital, it is understood that it is being used as a fund warehouse by institutional investors.
Therefore, it is highly likely that USDC funds will be moved according to stock market fluctuations.
In that sense, if you look at the flow of the current USDC chart, you can see that a lot of money is flowing out of the coin market.
I think it is a disprove that funds are moving from the coin market to the stock market.
So, if the stock market shows a clear uptrend, the USDC chart is predicting a trend reversal.
Therefore, USDC's downtrend has the potential to limit or plunge the coin market's uptrend caused by USDT's uptrend.
We expect this move to act as an opportunity to increase new buying.
-------------------------------------------------- --------
(BTC.D chart)
(USDT.D chart)
It is recommended to look at the BTC.D chart and the USDT.D chart together, but if it is difficult, it is better to look at the USDT.D chart alone.
However, since the BTC.D and USDT.D charts show the overall flow of funds in the coin market, it is not possible to know the flow of funds for individual coins (tokens).
To see the individual money flow of a coin (token), it is recommended to look at the BTC market chart of the coin (token).
Since BTC is used as the key currency of the coin market, I think the BTC market chart best reflects the price fluctuations of coins (tokens) according to BTC price fluctuations.
However, coins (tokens) with too low market capitalization are the same regardless of whether they are on the same BTC market chart or USDT market chart.
Coming back to the BTC.D and USDT.D charts,
Since BTC is the number one market capitalization in the coin market, I think most of the fund size or flow in the coin market is related to BTC price fluctuations.
in that sense
The BTC.D chart and the BTC dominance chart are charts that allow you to see whether funds are concentrated toward BTC or altcoins.
Therefore, rising BTC dominance can be interpreted as meaning that funds are concentrated towards BTC.
Just because funds are concentrated towards BTC does not mean that the BTC price will rise.
If you don't understand this point, you should be careful because you can interpret it in the wrong direction.
When funds are concentrated towards BTC, if USDT dominance rises, the coin market is likely to show a downward trend.
The reason is that USDT is a stablecoin that supports trading on exchanges around the world.
This is because the increase in USDT dominance means that USDT is increasing through trading, which means that selling in the coin market is increasing.
Therefore, as a condition for trading altcoins, you must show a drop in BTC dominance and a drop in USDT dominance.
If not, it is because most altcoins are unlikely to make significant gains.
BTC dominance is expected to continue to rise.
The reason is that there is a BTC halving next year.
This is because as the BTC halving approaches, a lot of people will flock to the coin market.
And, if the BTC price starts to rise in earnest, funds will inevitably be concentrated towards BTC for the time being.
If you don't buy it now, it's because you will buy BTC with the thought that you can't.
This will cause altcoins to gradually lose their strength and move sideways or decline, despite the upward trend in BTC price.
I think this trend is likely to continue until the BTC price nears 43K.
As USDT dominance falls below the uptrend line (1), it becomes important whether it can touch around 6.21.
The important divergence of USDT dominance is in the 4.97-5.53 range, and if it falls below this range, the coin market is expected to start such an uptrend in which any coin (token) can be bought and profit will be made.
Before that, the question is whether it can fall below the 5.89-6.21 range.
I think the coin market must fall below the 5.89-6.21 range to go to a big bull market.
So, the next period of volatility on the USDT.D chart is around April 22nd.
After this period of volatility, we need to see if it stays below the downtrend line (2).
-------------------------------------------------- -
I think that the coin market is open to many things that are different from the stock market.
In particular, I think it is attractive to be able to know the size and flow of funds.
Therefore, it is important to first check the four charts mentioned above rather than relying on all kinds of information to predict the prospects and trends of the investment market, that is, the coin market.
After that, I think checking the information going around reduces the possibility of making a wrong decision.
When CDBC becomes active, there is a possibility that the influence of existing stablecoins will be weakened.
The reason for this is that it is highly likely that direct transactions will be possible with CDBC, i.e. fiat currency.
In that case, the size or flow of funds in the coin market may not be known with the above four.
Then, an investment environment like the existing stock market will be created, and more individual investors than now will suffer losses.
-------------------------------------------------- -------------------------------------------
** 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.
-------------------------------------
In order to find out the size or flow of funds in the coin market, I think you should pay attention to the movement of the four charts below.
Check the size of your funds: USDT, USDC
Check the flow of funds: BTC.D, USDT.D
It is best to view all four charts together if possible because you can find out the size or flow of funds from limited information.
If it is difficult to see all four charts, it is recommended to view at least the USDT.D chart, which shows the flow of funds best.
------------------------------------------
(USDT chart)
(USDC chart)
It is important to check the USDT and USDC charts to find out the flow of funds in the current coin market.
USDT is a stablecoin backed by exchanges around the world.
Therefore, it is indispensable for most coin (token) transactions.
Therefore, the fact that USDT maintains an upward trend can be interpreted as meaning that funds are continuously flowing into the coin market.
However, the size of the candlestick is not very important because it is thought that new funds will flow in only when a gap occurs and rises on the USDT and USDC charts.
Although USDC maintains a high market cap, it is one of the stablecoins with little support for trading pairs on exchanges around the world.
However, since the market capitalization is maintained at a high level, it is less than USDT, but I think it exerts some influence on the coin market.
In particular, since USDC is likely to be composed of US investment capital, it is understood that it is being used as a fund warehouse by institutional investors.
Therefore, it is highly likely that USDC funds will be moved according to stock market fluctuations.
In that sense, if you look at the flow of the current USDC chart, you can see that a lot of money is flowing out of the coin market.
I think it is a disprove that funds are moving from the coin market to the stock market.
So, if the stock market shows a clear uptrend, the USDC chart is predicting a trend reversal.
Therefore, USDC's downtrend has the potential to limit or plunge the coin market's uptrend caused by USDT's uptrend.
We expect this move to act as an opportunity to increase new buying.
-------------------------------------------------- --------
(BTC.D chart)
(USDT.D chart)
It is recommended to look at the BTC.D chart and the USDT.D chart together, but if it is difficult, it is better to look at the USDT.D chart alone.
However, since the BTC.D and USDT.D charts show the overall flow of funds in the coin market, it is not possible to know the flow of funds for individual coins (tokens).
To see the individual money flow of a coin (token), it is recommended to look at the BTC market chart of the coin (token).
Since BTC is used as the key currency of the coin market, I think the BTC market chart best reflects the price fluctuations of coins (tokens) according to BTC price fluctuations.
However, coins (tokens) with too low market capitalization are the same regardless of whether they are on the same BTC market chart or USDT market chart.
Coming back to the BTC.D and USDT.D charts,
Since BTC is the number one market capitalization in the coin market, I think most of the fund size or flow in the coin market is related to BTC price fluctuations.
in that sense
The BTC.D chart and the BTC dominance chart are charts that allow you to see whether funds are concentrated toward BTC or altcoins.
Therefore, rising BTC dominance can be interpreted as meaning that funds are concentrated towards BTC.
Just because funds are concentrated towards BTC does not mean that the BTC price will rise.
If you don't understand this point, you should be careful because you can interpret it in the wrong direction.
When funds are concentrated towards BTC, if USDT dominance rises, the coin market is likely to show a downward trend.
The reason is that USDT is a stablecoin that supports trading on exchanges around the world.
This is because the increase in USDT dominance means that USDT is increasing through trading, which means that selling in the coin market is increasing.
Therefore, as a condition for trading altcoins, you must show a drop in BTC dominance and a drop in USDT dominance.
If not, it is because most altcoins are unlikely to make significant gains.
BTC dominance is expected to continue to rise.
The reason is that there is a BTC halving next year.
This is because as the BTC halving approaches, a lot of people will flock to the coin market.
And, if the BTC price starts to rise in earnest, funds will inevitably be concentrated towards BTC for the time being.
If you don't buy it now, it's because you will buy BTC with the thought that you can't.
This will cause altcoins to gradually lose their strength and move sideways or decline, despite the upward trend in BTC price.
I think this trend is likely to continue until the BTC price nears 43K.
As USDT dominance falls below the uptrend line (1), it becomes important whether it can touch around 6.21.
The important divergence of USDT dominance is in the 4.97-5.53 range, and if it falls below this range, the coin market is expected to start such an uptrend in which any coin (token) can be bought and profit will be made.
Before that, the question is whether it can fall below the 5.89-6.21 range.
I think the coin market must fall below the 5.89-6.21 range to go to a big bull market.
So, the next period of volatility on the USDT.D chart is around April 22nd.
After this period of volatility, we need to see if it stays below the downtrend line (2).
-------------------------------------------------- -
I think that the coin market is open to many things that are different from the stock market.
In particular, I think it is attractive to be able to know the size and flow of funds.
Therefore, it is important to first check the four charts mentioned above rather than relying on all kinds of information to predict the prospects and trends of the investment market, that is, the coin market.
After that, I think checking the information going around reduces the possibility of making a wrong decision.
When CDBC becomes active, there is a possibility that the influence of existing stablecoins will be weakened.
The reason for this is that it is highly likely that direct transactions will be possible with CDBC, i.e. fiat currency.
In that case, the size or flow of funds in the coin market may not be known with the above four.
Then, an investment environment like the existing stock market will be created, and more individual investors than now will suffer losses.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
Comment:
(USDT chart)
(USDC chart)
Still, USDT is maintaining an upward trend, and USDC is maintaining a downward trend.
So, I think this decline could be a move that could lead to fresh buying.
However, since BTC is showing a decline after rising above 29K, it is necessary to check the sideways movement.
(BTC.D chart)
(USDT.D chart)
If BTC dominance fails to rise above 50 and shows a downward trend, there is a possibility that the altcoin will start pumping.
However, since this pumping is likely to be short-term, I think there is a high possibility of losing money if you trade incorrectly.
This move will add to the losses for individual investors by institutional investors and whales who want to pump more money into BTC.
Funds raised in this way by institutional investors and whales are expected to be used to buy BTC.
BTC dominance is expected to rise around 56.78-61.73 due to the uptrend from the BTC halving next year.
If it rises above that, individual investors who do not hold BTC are expected to suffer significant losses.
Therefore, the investment in altcoins is finished with the 1st purchase when BTC is below 29K, and intensively buys BTC or ETH.
Then, when BTC rises above 37K and shows a full-fledged upward trend, we proceed with the secondary purchase of altcoins up to around 43K.
This is because when BTC shows a full-fledged upward trend, it is expected that the coin market's funds will concentrate on BTC, and altcoins will gradually move sideways or show a downward trend.
When BTC rises above 43K, USDT should renew ATH and see if there is a continuous flow of funds.
If that happens, we expect the uptrend to begin for next year's bull market.
The expected range for BTC is 80K-95K.
The important thing in trading is where to fit the investment period.
If you mainly conduct day trading transactions, the investment period is meaningless.
You can trade in response to the movement at that time.
Otherwise, if you think of your investment horizon as more than short-term trading, you need a big-picture trading strategy.
What I want to get out of the volatility right now is to focus on whether I can proceed with a split buy and look at the market.
The reason may be that the current BTC price is not very low, but it should be considered low because it is near the beginning of a new wave.
This is to say that the previous price range is meaningless.
Now that a new wave is underway, namely the first wave on the 1M chart, there are still plenty of buying opportunities.
Don't listen carefully to those who always talk mockingly about the current wave and volatility.
This is because if you look at the market according to your investment period and trading strategy and proceed with trading accordingly, you will surely earn profits.
(USDC chart)
Still, USDT is maintaining an upward trend, and USDC is maintaining a downward trend.
So, I think this decline could be a move that could lead to fresh buying.
However, since BTC is showing a decline after rising above 29K, it is necessary to check the sideways movement.
(BTC.D chart)
(USDT.D chart)
If BTC dominance fails to rise above 50 and shows a downward trend, there is a possibility that the altcoin will start pumping.
However, since this pumping is likely to be short-term, I think there is a high possibility of losing money if you trade incorrectly.
This move will add to the losses for individual investors by institutional investors and whales who want to pump more money into BTC.
Funds raised in this way by institutional investors and whales are expected to be used to buy BTC.
BTC dominance is expected to rise around 56.78-61.73 due to the uptrend from the BTC halving next year.
If it rises above that, individual investors who do not hold BTC are expected to suffer significant losses.
Therefore, the investment in altcoins is finished with the 1st purchase when BTC is below 29K, and intensively buys BTC or ETH.
Then, when BTC rises above 37K and shows a full-fledged upward trend, we proceed with the secondary purchase of altcoins up to around 43K.
This is because when BTC shows a full-fledged upward trend, it is expected that the coin market's funds will concentrate on BTC, and altcoins will gradually move sideways or show a downward trend.
When BTC rises above 43K, USDT should renew ATH and see if there is a continuous flow of funds.
If that happens, we expect the uptrend to begin for next year's bull market.
The expected range for BTC is 80K-95K.
The important thing in trading is where to fit the investment period.
If you mainly conduct day trading transactions, the investment period is meaningless.
You can trade in response to the movement at that time.
Otherwise, if you think of your investment horizon as more than short-term trading, you need a big-picture trading strategy.
What I want to get out of the volatility right now is to focus on whether I can proceed with a split buy and look at the market.
The reason may be that the current BTC price is not very low, but it should be considered low because it is near the beginning of a new wave.
This is to say that the previous price range is meaningless.
Now that a new wave is underway, namely the first wave on the 1M chart, there are still plenty of buying opportunities.
Don't listen carefully to those who always talk mockingly about the current wave and volatility.
This is because if you look at the market according to your investment period and trading strategy and proceed with trading accordingly, you will surely earn profits.
Comment:
(USDT chart)
(USDC chart)
(BTC.D chart)
(USDT.D chart)
As an individual investor, you can get objective information about the size of your funds (USDT, USDC) and the flow of funds (BTC.D, USDT.D).
These movements make it possible to predict the overall movement of the coin market.
If the USDT and USDC charts rise with a gap, I think it is evidence that new funds are flowing into the coin market.
Conversely, if it falls while creating a gap, I think it is evidence of an outflow of funds into the coin market.
We cannot guarantee that these movements in the size of funds will have an immediate impact on the current coin market.
However, since the funds that have flowed into the coin market are likely to be utilized sooner or later, it is highly likely to affect the rise of the coin market.
To find out the trend of the coin market right now, BTC.D, USDT. I think it's good to look at the D chart.
I think the BTC.D, or BTC dominance chart, tells you whether the flow of funds is concentrated towards BTC or towards altcoins.
However, BTC dominance alone cannot determine the overall trend of the coin market.
Because BTC dominance informs the flow of money.
So, you need to check the utilization of funds with USDT.D, that is, the USDT dominance chart.
This is because the decline in USDT dominance can be interpreted as a rise in the coin market, that is, that purchases are in progress.
Individual investors have limitations in obtaining information, and also lack the ability to verify the reliability of the obtained information, so it is recommended to look at objective information and use it as a basis for determining your own trading strategy.
In that sense, I think that Market Cap charts (USDT, USDC, BTC.D, USDT.D) can provide more objective information than any other information.
(USDC chart)
(BTC.D chart)
(USDT.D chart)
As an individual investor, you can get objective information about the size of your funds (USDT, USDC) and the flow of funds (BTC.D, USDT.D).
These movements make it possible to predict the overall movement of the coin market.
If the USDT and USDC charts rise with a gap, I think it is evidence that new funds are flowing into the coin market.
Conversely, if it falls while creating a gap, I think it is evidence of an outflow of funds into the coin market.
We cannot guarantee that these movements in the size of funds will have an immediate impact on the current coin market.
However, since the funds that have flowed into the coin market are likely to be utilized sooner or later, it is highly likely to affect the rise of the coin market.
To find out the trend of the coin market right now, BTC.D, USDT. I think it's good to look at the D chart.
I think the BTC.D, or BTC dominance chart, tells you whether the flow of funds is concentrated towards BTC or towards altcoins.
However, BTC dominance alone cannot determine the overall trend of the coin market.
Because BTC dominance informs the flow of money.
So, you need to check the utilization of funds with USDT.D, that is, the USDT dominance chart.
This is because the decline in USDT dominance can be interpreted as a rise in the coin market, that is, that purchases are in progress.
Individual investors have limitations in obtaining information, and also lack the ability to verify the reliability of the obtained information, so it is recommended to look at objective information and use it as a basis for determining your own trading strategy.
In that sense, I think that Market Cap charts (USDT, USDC, BTC.D, USDT.D) can provide more objective information than any other information.
Comment:
(BTC.D chart)
(USDT.D chart)
I think the BTC.D chart and BTC dominance are charts that can confirm where the flow of money in the coin market is concentrated.
So, you can tell if the funds are concentrated towards BTC or towards altcoins.
These money flows cannot confirm trends in the coin market.
Once you know where your money is concentrated, you can tell whether BTC or altcoins are leading the coin market.
So, to trade altcoins, it makes sense to proceed when BTC dominance is showing a decline.
The USDT.D chart, USDT dominance should show a downward trend, so the coin market is more likely to rise.
Therefore, it can be seen that it acts as an invert chart for the BTC chart, which is the number one market capitalization in the coin market.
I think these roles can help you understand the BTC chart.
If the USDT dominus rises above 7.27 and stays there, the chances of an uptrend increase, so the coin market is more likely to show a downtrend.
If the coin market is more likely to go down, it means that the BTC price is more likely to fall.
So, we need to see if we can get resistance around 7.27.
(USDT.D chart)
I think the BTC.D chart and BTC dominance are charts that can confirm where the flow of money in the coin market is concentrated.
So, you can tell if the funds are concentrated towards BTC or towards altcoins.
These money flows cannot confirm trends in the coin market.
Once you know where your money is concentrated, you can tell whether BTC or altcoins are leading the coin market.
So, to trade altcoins, it makes sense to proceed when BTC dominance is showing a decline.
The USDT.D chart, USDT dominance should show a downward trend, so the coin market is more likely to rise.
Therefore, it can be seen that it acts as an invert chart for the BTC chart, which is the number one market capitalization in the coin market.
I think these roles can help you understand the BTC chart.
If the USDT dominus rises above 7.27 and stays there, the chances of an uptrend increase, so the coin market is more likely to show a downtrend.
If the coin market is more likely to go down, it means that the BTC price is more likely to fall.
So, we need to see if we can get resistance around 7.27.
Comment:
(USDT chart)
(USDC chart)
Looking at the USDT chart, although it showed a rise above 81.839B on a candlestick.
Therefore, I think the coin market is still in the process of FOMO.
It will depend on how you set the standard of FOMO, but most understand that it is said because it is judged that incomprehensible movements are coming out when thinking about the current economic part.
We are not economists or economic analysts.
We are traders who make money by placing trades based on the movement of money.
There are areas where it is difficult to completely separate this relationship.
I think the difference between an economist or economic analyst and a trader is the movement of money, that is, whether you can create a trading strategy that suits your investment style.
What you can tell from the USDT chart and USDC chart is the size of your funds.
When the size of funds increases, the investment market will be active, and when it decreases, the investment market will enter a period of stagnation.
In this sense, you can look at the USDT and USDC charts.
(BTC.D chart)
(USDT.D chart)
The BTC.D chart, BTC dominance, allows you to see whether funds in the coin market are concentrated towards BTC or altcoins.
Accordingly, I think it allows us to know where the forces leading the movement of the coin market are investing money.
USDT.D chart, USDT dominance tells you the flow of money.
This story can be interpreted as saying that when USDT dominance declines, the coin market is likely to show an upward trend.
Conversely, if USDT dominance rises, it can be interpreted that the coin market is likely to show a downward trend.
This means that as the funds flowed into the coin market are utilized, that is, as they are used for transactions, they play a role in determining the trend of the coin market.
In this way, Market Cap charts such as USDT, USDC, BTC.D, and USDT.D charts can tell you about the movement of funds.
Depending on which way your money is moving, you will be provided with information to determine whether you can proceed with the trade by checking the movement at the support and resistance points of the chart of the coin (token) you are trading and creating a trading strategy.
This information provides more objective information than any other information on the market.
(USDC chart)
Looking at the USDT chart, although it showed a rise above 81.839B on a candlestick.
Therefore, I think the coin market is still in the process of FOMO.
It will depend on how you set the standard of FOMO, but most understand that it is said because it is judged that incomprehensible movements are coming out when thinking about the current economic part.
We are not economists or economic analysts.
We are traders who make money by placing trades based on the movement of money.
There are areas where it is difficult to completely separate this relationship.
I think the difference between an economist or economic analyst and a trader is the movement of money, that is, whether you can create a trading strategy that suits your investment style.
What you can tell from the USDT chart and USDC chart is the size of your funds.
When the size of funds increases, the investment market will be active, and when it decreases, the investment market will enter a period of stagnation.
In this sense, you can look at the USDT and USDC charts.
(BTC.D chart)
(USDT.D chart)
The BTC.D chart, BTC dominance, allows you to see whether funds in the coin market are concentrated towards BTC or altcoins.
Accordingly, I think it allows us to know where the forces leading the movement of the coin market are investing money.
USDT.D chart, USDT dominance tells you the flow of money.
This story can be interpreted as saying that when USDT dominance declines, the coin market is likely to show an upward trend.
Conversely, if USDT dominance rises, it can be interpreted that the coin market is likely to show a downward trend.
This means that as the funds flowed into the coin market are utilized, that is, as they are used for transactions, they play a role in determining the trend of the coin market.
In this way, Market Cap charts such as USDT, USDC, BTC.D, and USDT.D charts can tell you about the movement of funds.
Depending on which way your money is moving, you will be provided with information to determine whether you can proceed with the trade by checking the movement at the support and resistance points of the chart of the coin (token) you are trading and creating a trading strategy.
This information provides more objective information than any other information on the market.
Comment:
(BTC.D chart)
Around April 27 (April 26-28) is a period of volatility.
Therefore, it is necessary to see how it moves during this period of volatility.
If the volume profile section formed in the 47.64-48.80 section is broken upward, it is expected to rise to around 50.49.
This shows that the coin market's funds are concentrated in BTC, and it means that BTC-oriented transactions are needed.
Therefore, it is highly likely that altcoins will gradually move sideways or show a downward trend, so be careful when trading.
Since the HA-High indicator on the 1W chart was created at the 46.84 point, if it does not fall below 46.84, BTC dominance is expected to maintain an upward trend.
(USDT.D chart)
You don't need to look too closely at the Market Cap charts (USDT, USDC, BTC.D, USDT.D).
This is because when volatility occurs, the Market Cap chart is likely to be redrawn at any time.
Therefore, if possible, it is necessary to look at the flow of the chart (whether there is a gap, the trend, the movement of the candlestick, etc.) and identify the change in the size of funds and the movement of funds.
Trying to predict the flow of the coin market, that is, the BTC price, with these Market Cap charts can be like getting wrong information, so don't forget that it is the flow of funds.
Once the size or movement of funds has been identified, you need to look at the chart of the coin (token) you are trading and check whether it is currently supported or resisted at any point or section to find out if it is at a point where trading is possible.
This is because it is correct that actual trading should be done by looking at the chart of the coin (token) you want to trade.
Therefore, it is necessary to see how it moves during this period of volatility.
If the volume profile section formed in the 47.64-48.80 section is broken upward, it is expected to rise to around 50.49.
This shows that the coin market's funds are concentrated in BTC, and it means that BTC-oriented transactions are needed.
Therefore, it is highly likely that altcoins will gradually move sideways or show a downward trend, so be careful when trading.
Since the HA-High indicator on the 1W chart was created at the 46.84 point, if it does not fall below 46.84, BTC dominance is expected to maintain an upward trend.
(USDT.D chart)
This is because when volatility occurs, the Market Cap chart is likely to be redrawn at any time.
Therefore, if possible, it is necessary to look at the flow of the chart (whether there is a gap, the trend, the movement of the candlestick, etc.) and identify the change in the size of funds and the movement of funds.
Trying to predict the flow of the coin market, that is, the BTC price, with these Market Cap charts can be like getting wrong information, so don't forget that it is the flow of funds.
Once the size or movement of funds has been identified, you need to look at the chart of the coin (token) you are trading and check whether it is currently supported or resisted at any point or section to find out if it is at a point where trading is possible.
This is because it is correct that actual trading should be done by looking at the chart of the coin (token) you want to trade.
[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/
(USDC chart)
USDT maintains an uptrend as it continues to gap.
This means that new funds are constantly flowing into the coin market.
Therefore, the coin market is likely to remain on the uptrend.
However, on the contrary, since USDC is continuously in a downward trend, it can limit the upward trend of the coin market or create an environment in which a sharp decline can occur.
Rather, it can be seen that these movements are creating a good environment in which to proceed with the purchase.
If USDT continues its upward trend, it is expected to break ATH.
(BTC.D chart)
(USDT.D chart)
The simultaneous decline of BTC dominance and USDT dominance means that the price rise of altcoins is greater than that of BTC.
At this time, the important thing is that the BTC price must show support while moving sideways so that the altcoin can continue to pump.
When the BTC price moves sideways, if it shows resistance, it means that there is a possibility of a sharp drop in the near future, so it is recommended that altcoins sell some if possible or close the transaction and watch the situation.
Since the coin market can be traded in decimal units, selling 100% is likely to result in losses the more you trade.
T