readCrypto

When the general trend is rising, the flow of funds...

readCrypto Mod Updated   
CRYPTOCAP:USDT   Market Cap USDT, $
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(USDT 1D chart)
The key is whether it can rise and maintain the gap above 83.475B.

I believe that a large candle size means that a significant amount of funds are moving or being used for trading.

Therefore, I think the size of these candles that have been showing recently should become smaller than before.

Until then, the period of profit realization is expected to continue.

The time of profit realization and the time of day trading coexist.

This is because the final stage of profit realization is day trading.

Therefore, the day trading period ends with significant volatility.


Large volatility can appear either upward or downward.

In whatever form it appears, it will be moved to the vicinity where large volatility begins to appear.

After that, it is expected that the mainstream upward trend we have been hoping for will begin.

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(USDC 1D chart)
Although we created HA-Low and HA-High indicators, it is surprising to see a different interpretation method than what we created.

The original purpose of creating it was to conduct transactions using Heikin Ashi.

If you check the formula, you will see that it is a very simple formula.

Therefore, if the price is located near the HA-Low indicator, it means that the current price is located in the low range.

Accordingly, if it falls below the HA-Low indicator, there is a high possibility of renewing the previous low point.


Conversely, if it rises above the HA-High indicator, there is a high possibility of renewing the previous high point.

Therefore, when the general upward trend begins, the HA-High indicator appears as a stepwise rise.


I learned that when this type of trend, that is, a stepwise rise or fall, meets other indicators, it enters a trend reversal phase.

Therefore, for USDC to turn into an upward trend, it must meet the HA-High indicator.

The current HA-High indicator is located around 43.294B, so you can see that it is quite far away.

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(BTC.D chart)
I believe that BTC dominance must rise to at least 61 for a major uptrend to begin.

Therefore, no matter what the coin market looks like, we expect BTC dominance to eventually rise above 61.


Accordingly, the coin market is expected to conclude the day trading period with a rapid rise in BTC dominance.


A rise in BTC dominance ultimately means that funds in the coin market are concentrated towards BTC.

Therefore, caution is required as altcoins are likely to see a large downtrend.

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(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.

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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 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.
Comment:
(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.

[Example of exchange chart setup]

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

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