readCrypto

USDT Chart: Maintaining a continuous upward trend

readCrypto Mod Updated   
CRYPTOCAP:USDT   Market Cap USDT, $
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(USDT chart)
USDT is a representative fund transfer channel in the coin market.

USDT maintaining its upward trend means that funds are continuously flowing into the coin market.

At this time, it should appear to be rising while creating a gap.

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(USDC chart)
The key is whether the downward trend that began in July 2022 can be stopped and turned into an upward trend.

To do so, it is important whether it can rise above 26.525B.

We believe that USDC has less influence on the coin market because there are fewer exchanges or trading pairs supported than the USDT market.

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(BTC.D chart)
In order for the coin market to begin a major bull market, I believe that BTC dominance must rise above 61 and then begin to decline.

BTC dominance fails to fall below 51.17 and shows an upward trend.


A rise in BTC dominance means that funds are being concentrated towards BTC.

Therefore, altcoins are likely to exhibit greater volatility than BTC.


I don't think it's a good idea to predict the rise and fall of BTC or altcoins based on the rise and fall of BTC dominance or USDT dominance.

This is because I think it is a chart that shows how the money flow in the coin market is moving.

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(USDT.D chart)
If USDT dominance remains below 5.89, I think the coin market is likely to show an upward trend.

Accordingly, it is expected that an altcoin bull market will begin when USDT dominance remains below 5.89 and BTC dominance falls below 50.

An altcoin bull market refers to a bull market in which anyone can make a profit no matter what coin (token) they purchase.


Currently, BTC dominance is showing an upward trend, but USDT dominance is still below 5.89.

Therefore, it can be interpreted that the coin market is still maintaining an upward trend.

If USDT dominance rises above 6.39, the coin market is likely to turn into a downward trend, so caution is required when trading.

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BTC's price volatility is bound to have a significant impact on the coin market.

However, it is the funds that make the volatility visible.

Therefore, I believe that if you do not know how money flows, you cannot truly know the BTC price trend.

In that sense, I think individual investors should observe the USDT, USDC, BTC.D, and USDT.D charts, which can provide some insight into the fund flow in the coin market.


You can tell whether funds are flowing into or out of the coin market depending on whether they are rising or falling by creating a gap on the USDT or USDC chart.

The BTC.D chart allows you to see whether the funds flowing into the coin market are concentrated towards BTC or altcoins.

A decline in USDT dominance means that coins are being purchased with USDT, so the coin market is likely to show an upward trend.

However, USDT dominance can only reveal the overall trend of the coin market and should not be used to predict the rise or fall of BTC's price.


Have a good time.
thank you

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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.


#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15

These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.

Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.


If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55

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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.

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Comment:
#USDT 1D

#USDC 1D

After leading the decline in the USDC market yesterday, it is showing an upward gap today.

I believe that the rise in the gap is evidence that funds have flowed into the coin market.
Comment:
(DXY chart)

(XAUUSD chart)

(NAS100USD chart)

These are charts that say they influence the coin market.


If DXY falls, it is highly likely that the coin market will show an upward trend.

If XAUUSD or NAS100USD rises, it can be interpreted that the coin market is likely to show an upward trend.

(USDC chart)
In order for this interpretation to be reflected in the coin market, there must eventually be an upward trend in the USDC gap.

The reason is that funds flowing into the coin market through USDC are likely to be funds from American investment institutions.

This is because it is believed that American investment institutions are taking the lead in the coin market as regulations on the coin market are implemented in countries around the world.
Comment:
#USDT 1D

#USDC 1D

It appears that USDT and USDC will see a simultaneous gap rise.
Comment:
#USDT 1D

#USDC 1D

USDC has increased its gap, showing an increase of over 24.98B.

I believe that the rise in the gap is evidence that funds are flowing into the coin market.

(1M)
In order to turn into an upward trend, it is expected that it will have to rise above 26.253B.

USDC is likely to be an automatic conduit for US-based investment institutions.
Comment:
#USDT 1D
Looking at the Renko chart, we can see that the area around 26.525B forms an important support and resistance area.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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