In this analysis I want to take a closer look at my previous relative Stablecoin marketcap analysis back in August.
To be more precise, I'm measuring the stablecoin marketcap as a percentage of the total marketcap, which constructs this bullish channel pattern.
To build it yourself, put this in the TV search bar: (CRYPTOCAP:USDT+CRYPTOCAP:USDC)/CRYPTOCAP:TOTAL
In my previous analysis I mentioned that this "indicator" has a 100% correctness-rate at predicting Bitcoin dumps. As of now, it has correctly predicted 4 major BTC tops.
It's still unclear to me whether we're going up for a few weeks, or that we go up for months and that this indicator will retest the top resistance. From a long-term investing perspective, I hope that we go up for months and go for a retest. Crypto will be extremely cheap at that point with a high probability for gains in the future.
Do you enjoy this indicator? What is your view on the market? Share your thoughts in the comments 🙏
To be more precise, I'm measuring the stablecoin marketcap as a percentage of the total marketcap, which constructs this bullish channel pattern.
To build it yourself, put this in the TV search bar: (CRYPTOCAP:USDT+CRYPTOCAP:USDC)/CRYPTOCAP:TOTAL
In my previous analysis I mentioned that this "indicator" has a 100% correctness-rate at predicting Bitcoin dumps. As of now, it has correctly predicted 4 major BTC tops.
It's still unclear to me whether we're going up for a few weeks, or that we go up for months and that this indicator will retest the top resistance. From a long-term investing perspective, I hope that we go up for months and go for a retest. Crypto will be extremely cheap at that point with a high probability for gains in the future.
Do you enjoy this indicator? What is your view on the market? Share your thoughts in the comments 🙏
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: www.fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: www.fierytrading.com
