readCrypto

Coin market funds are starting to move again

CRYPTOCAP:USDT   Market Cap USDT, $
Hello?
Traders, welcome.

If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.

-------------------------------------

(USDT chart)
Looking at the 1D chart,
The gap rose above the HA-High indicator on the 1D chart.

I think this movement of USDT tells us that funds are flowing back into the coin market.

Therefore, since it has started to move away from this short-term sideways, it is expected that the coin market will experience great volatility in terms of the historical USDT flow.


I think the key interpretation method is to use Bollinger bands as a concept of contraction and expansion.

---------------------------------------

(USDC chart)
Below 26.129B may trigger a red flag for USDC, so careful trading is required.

Extreme outflows of funds can be dangerous by disrupting the flow of funds, so caution is required.

--------------------------------------------

(BTC.D chart)
It seems that the HA-High indicator on the 1W chart will be created at the 49.72 point.

Accordingly, it is necessary to check whether it is supported or resisted around 49.72.


BTC dominance is expected to rise around 56.78-61.73 and then pick up its direction again.

Therefore, I think it is advantageous to do day trading or short-term trading when trading altcoins.


If you want to trade altcoins from a mid- to long-term perspective, you need to find and observe the altcoins you want to trade in the BTC 29K-32K range.

Then, you should proceed with the second purchase by looking at the flow of altcoins in the BTC 32K-43K section.

------------------------------------------------

(USDT.D chart)
It is necessary to check which direction the USDT dominance deviates from the 6.85-7.27 range.

Looking at the big picture, it is expected that the trend of the coin market will be formed only when it moves out of the 6.21-8.25 range.

Therefore, rather than looking at the chart from a day trading perspective, I think it is better to look at the chart from a mid- to long-term perspective and reorganize your trading strategy in the future.


The volatility period for USDT dominance is around July 5th - August 2nd.

I think the key is whether there can be a movement out of the 6.21-8.25 section in this volatility period.


USDT dominance must fall so that the overall flow of the coin market will show an upward trend.

-------------------------------------------------- -------------------------------------------

** 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/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.