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(USDT chart) Looking at the 1D chart, the High indicator on the 1D chart was created with an increase, increasing the possibility of forming a new trend.
Accordingly, the key is whether USDT is maintained above the HA-High indicator on the 1D chart.
If this is not the case and falls below the HA-High indicator on the 1D chart and shows resistance, USDT is expected to fall to around 81.839B-82.467B.
(1D chart) The Stochastic and RSI indicators, which are included in the 'Strength' sub-indicator, are showing signs of a decline (Stoch > RSI).
Therefore, it can be seen that the possibility of USDT declining is increasing.
Looking at the previous data, it can be seen that USDT recorded a sharp drop once it exited the overbought zone and fell.
(1D chart) The section 26.129B-27.456B is an important branching section.
Therefore, the key is whether you can touch the area around this section and make an upward transition.
If not, I think there is a high possibility of giving a serious blow to the investment products in the coin market.
However, since it is believed that the funds that move the coin market are being made through USDT, the coin market is expected to defend the price if there is no outflow of funds through USDT.
Since the outflow of funds through USDC is highly likely to accelerate the decoupling of the coin market and the stock market, caution is needed when using stock market indicators.
** 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) There is still no change in the idea that if USDT dominance rises above 8.25, BTC price will plummet.
Therefore, it is considered that it is in a very difficult position to trade in the current coin market.
However, as I continued to say in the BTC analysis, the current decline and possible future decline are considered to be the second wave to go to the third wave of the rising wave.
Therefore, in the future, you should focus on finding coins (tokens) that you want to profit from in the 3rd wave of the uptrend, and creating and modifying a trading strategy that corresponds to when and how to buy.
It is recommended to create a trading strategy focusing on BTC or ETH when the BTC price is located below 29K.
It is recommended to proceed with the purchase of altcoins with an investment proportion equivalent to the level of the first purchase.
If you purchase more than that, that is, 50% or more of the funds to be invested in the altcoin, there is a high possibility of making less profit or losing money by selling without waiting for price volatility.
הערה
(USDT chart) Looking at the 1D chart, the HA-High indicator on the 1D chart rises and is created, receiving support and rising at that point.
Currently, USDT is renewing its new high (ATH), so it is unknown how far it will rise.
(1M chart) However, it is possible to predict an uptrend with the values plotted by the Trend-Based Fib Extension plotted on the 1M chart above.
(USDC chart) USDC is considered a channel through which US investment institutions invest in the coin market.
Therefore, I think it should be interpreted that investment institutions are continuing to drain funds from the coin market.
However, it can be said that the direct influence on the coin market is weak because the area where you can directly trade on the coin exchange using USDC is limited.
USDT has a direct influence on the coin market. If USDT creates a gap and maintains an upward trend, the coin market is expected to show an upward trend.
Currently, USDT is renewing its new high (ATH).
Thus, it can be seen that the coin market is overflowing with funds.
In this state of funds, the decline in the price of coins (tokens) should be interpreted as a movement to meet a new upward trend.
Therefore, rather than trying to trade from a short-term and day trading perspective, I believe that trading should be conducted from a mid- to long-term and long-term perspective.
If the coin market shows an uptrend, BTC is likely to rise first.
So, for now, you should focus on BTC or ETH to find out when to buy.
Altcoins should wait for the first round of purchase when BTC is below 29K.
Otherwise, if you buy mainly altcoins because the current altcoins have fallen a lot, there is a high possibility that you will rather sell altcoins when BTC starts to show an upward trend.
This is because there is a possibility that the price of altcoins will show a downward trend as funds are concentrated towards BTC.
(BTC.D chart) Therefore, BTC dominance is expected to continue its upward trend.
The rise in BTC dominance means that money in the coin market is concentrating towards BTC.
Therefore, it is likely to show the same movement as described on the USDC chart.
BTC dominance is expected to rise to around 56.78-61.73.
If it rises above 61.73, the altcoin is expected to see a huge downtrend.
However, as the BTC price rises and then goes sideways, the price of the altcoin is expected to show a slight upward trend, so it is expected to fall back to around the current price position.
However, some altcoins will see a bigger decline than their current price.
Therefore, it can be said that buying mainly altcoins right now is a very risky decision.
(USDT.D chart) It is not easy to look at and interpret Market Cap charts such as the above charts, USDT, USDC, BTC.D charts.
Therefore, if you can properly read even the movement of the USDT dominance chart, I think you will be able to get a lot of help in reading the trend of the coin market.
USDT is a very important stablecoin that exerts a great influence directly or indirectly on the coin market.
Therefore, fluctuations in USDT dominance will have a direct impact on fluctuations in the coin market.
If it rises above the 8.25 point and shows support, USDT dominance is expected to renew the new high (ATH).
This movement is expected to be expressed as a sharp drop in the coin market.
However, since USDT continues to create a gap and maintain an upward trend, it is necessary to find a time to buy from a mid- to long-term perspective from the sharp decline that occurs.
There is more money flowing into the coin market than it would have risen to the previous peak.
Therefore, the power of these funds will eventually lead the coin market to an upward trend.
The USDT dominance is expected to fall between 6.21-8.25 and around July 5th to August 2nd as important volatility periods and volatility zones.
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