irCryptoClub - TOTAL - BTC/USDT - BTC dominance - USDT Dominance

2021年9月22日

Total Marketcap

Examining the total volume chart of the market in 12-hour timeframe, it is expected that the downward trend of this index will continue between another 100 to 120 billion dollars and will eventually end in the range of 1680-1700 billion.

Considering that the mentioned range is a very important support on the chart of this index, we can expect the trend to be reversed after encountering these limits.



USDT Dominance

Due to the approach of Tether dominance to the resistance range, both #TOTAL and #USDT_D indices are prone to change the movement trend, and this can be the first sign of the end of the current downtrend and the return of the volumetric index, according to the analysis of the market volume chart. Get it in line with the uptrend at least for the short term

Accordingly, the share of the Tether index for the realization of the scenario should not be higher than the established range of 4.4%



BTC Dominance

By examining the Bitcoin Dominance Index, the range of 42.50% can be considered as an important resistance for this currency. It had 44%



BTC Marketcap

According to the analysis of the volume chart and the expectation of a decrease in this index, as well as according to the Bitcoin dominance chart and the forecast of an increase in the share of this currency, we can expect a further decrease in the total volume. Considered

Accordingly, in the simplest case and according to the limits specified in the chart, we should see a 10% reduction in the volume of the Bitcoin chart and also the price of this currency.



BTC/USDT Bitcoin/Tether

But finally, according to the analysis of Bitcoin in the last 2 months and the expectation of price correction from the ceiling of $ 53,000 to the price range of $ 37,000 - $ 40,000, the analysis of the above indicators is continuous and logical. The currency was expected to support around $ 37,000

Accordingly, as mentioned in previous analyzes, the $ 37,000 range of the Bitcoin chart is very important and the reaction of this range to the price of the assignment will clarify the long-term trend of the market.

Despite the fact that in our opinion the long-term uptrend of the market is not over yet, precautionary measures are required for any event. Therefore, the total loss of the Bitcoin price stabilization market is below the $ 37,000 range, and with the penetration and stabilization of the price in this range, the long-term downward trend will be

In case of any change, the analysis will be updated again

Good luck
Cryptoclub Analytical Team