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(USDT chart) Looking at the 1D chart, you can see that after a short but long uptrend, it recorded a pullback, creating the first gap.
In the meantime, the HA-High indicator on the 1D chart rose and was created.
Accordingly, it is necessary to ensure that funds are maintained at 81.839B or higher.
Falling while creating a gap means that funds were outflowed through USDT, so we need to check the future situation.
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(USDC chart) USDC is currently in a downtrend.
Therefore, it is necessary to check whether the trend turns upside down.
If not, and if it continues to show a downward trend, the coin market will not be able to maintain its upward trend and will likely fall sharply.
Currently, it is judged that the funds that have flowed into the coin market through USDT are defending the price, but if USDT shows a decline, it is necessary to be careful because the withdrawal of funds from the coin market can occur quickly.
The first thing to check is to see if USDC holds above the HA-Low indicator on the 1D chart.
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(BTC.D chart) BTC dominance is good to look at to see if funds are concentrated towards BTC or towards altcoins.
This is because any other method of interpretation will rather complicate your thinking.
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(USDT.D chart) An increase in USDT dominance can be interpreted as a high possibility of a downward trend in the coin market.
Therefore, it is highly likely that BTC, the number one coin market by market cap, will show a downward trend.
The reason is that when trading on coin exchanges, the USDT market is as large as the BTC market.
Because various coins (tokens) can be directly traded with USDT, changes in USDT dominance can be interpreted as reflecting the overall trend of the coin market.
Therefore, support and resistance points formed on the USDT dominance chart cannot be used to directly trade coins (tokens).
However, since you can know the flow of money in the coin market, you will eventually be able to see the chart of the coin (token) you want to trade and use it as a reference for creating a trading strategy.
This is because you can figure out whether the flow of funds is moving toward buying or selling, so you can find the timing of your trade accordingly.
Following the DXY chart description, the same explanation is given to the USDT Dominance chart.
If you think these two explanations are different, we recommend that you read them several times in more detail.
The fact that your psychological state is starting to fluctuate due to price fluctuations means that the flow of funds is changing.
That's why, without knowing it, your own psychology starts to fluctuate.
In order to stabilize this psychological state, it can be stabilized through appropriate transactions.
Therefore, if you hold a coin (token), you can get some psychological stability by checking the movement at the support and resistance point and confirming the profit or loss by selling a certain amount.
If you do not own any coins (tokens), you can take your own psychological stability by purchasing a certain amount.
In order to trade, you must make your psychological state stable.
If you proceed with a transaction without achieving this, there is a very high possibility that the transaction will eventually fail.
** 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.
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הערה
(USDT.D chart) The critical interval is 6.85-7.27.
The important volatility interval is 6.21-8.25.
Therefore, it is necessary to check whether there is a movement out of the important volatility zone (6.21-8.25) on or after the period around July 5-August 2.
If not, and it moves sideways, you should check to see if it has fallen below the important zone (6.85-7.27).
If the USDT dominance rises above 8.25 and remains maintained, it is expected to renew the declared price (ATH), so careful trading is required.
If it falls below 6.21, I expect the coin market, i.e. the price of BTC, to already be significantly higher.
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