Hello?
Dear Traders, Nice to meet you.
In the meantime, I would like to talk about USDT dominance, which is frequently updated on the BTC chart.
-----------------------------------------
As the market situation is unstable, it seems to use the USDT market more than the BTC market or ETH market.
This is because the movement of the BTC is clearly visible as the USDT dominance moves.
The short-term uptrend line (1) and the uptrend line and downtrend line cross each other to form a triangle.
Currently, USDT dominance is located within the triangle.
Around April 18th (17th ~ 19th), you should check if it can fall below the rising trend line (1).
They say they will be doing sideways inside the triangle, and you need to make sure they fall around April 21st (20th-22nd).
In order to fill the gap, I think it is necessary to check the movement of the market further, whether it will fall below 2.86 points or move sideways and rise.
I think there is a reason why USDT was newly issued.
However, the reason is unknown.
It may be to buy in the short term of Bitcoin Halving, or it may be due to a sudden drop in the stock market, so that the coin market may have some money in it for a while.
Still, after the gap occurred, it seems that about half of it has been used.
----------------------------------------------
It's time to focus on selling rather than buying to preserve profits.
-----------------------------------------------
Description of abbreviations shown in chart
R: Resistance point or section, where a counter is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
----------------------------------------
"Like" is a great power for me.
I will try to reciprocate with better information.
Thank you for always supporting.
Dear Traders, Nice to meet you.
In the meantime, I would like to talk about USDT dominance, which is frequently updated on the BTC chart.
-----------------------------------------
As the market situation is unstable, it seems to use the USDT market more than the BTC market or ETH market.
This is because the movement of the BTC is clearly visible as the USDT dominance moves.
The short-term uptrend line (1) and the uptrend line and downtrend line cross each other to form a triangle.
Currently, USDT dominance is located within the triangle.
Around April 18th (17th ~ 19th), you should check if it can fall below the rising trend line (1).
They say they will be doing sideways inside the triangle, and you need to make sure they fall around April 21st (20th-22nd).
In order to fill the gap, I think it is necessary to check the movement of the market further, whether it will fall below 2.86 points or move sideways and rise.
I think there is a reason why USDT was newly issued.
However, the reason is unknown.
It may be to buy in the short term of Bitcoin Halving, or it may be due to a sudden drop in the stock market, so that the coin market may have some money in it for a while.
Still, after the gap occurred, it seems that about half of it has been used.
----------------------------------------------
It's time to focus on selling rather than buying to preserve profits.
-----------------------------------------------
Description of abbreviations shown in chart
R: Resistance point or section, where a counter is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
----------------------------------------
"Like" is a great power for me.
I will try to reciprocate with better information.
Thank you for always supporting.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
However, if you think there is no gap, you can see that it is on a downward trend.
It can be said that the USDT dominance must fall before the USDT enters the coin market and coins are likely to buy.