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(USDT chart) The gap continues to rise.
I believe that the rise in the gap is evidence that new funds are flowing into the coin market.
(USDC chart) USDC has been in a downward trend since July 2022.
There are some doubts whether funds are flowing into the coin market as USDC and the funds are being converted back to USDT.
This is because the USDC market is not active, so in order to trade actual coins, you must trade in the USDT market or BTC market.
In any case, I don't think USDC has any direct influence on the coin market.
However, as coin-related investment products are launched in the stock market, I believe that the investment products and the movements of the stock market are related.
Therefore, I think the decline in USDC means that the correlation is weakening.
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(BTC.D chart) I believe that BTC Dominance is not a chart that shows the movement of BTC price, but rather a chart that lets you know where funds are concentrated.
Therefore, a rise in BTC dominance means that funds are being concentrated towards BTC.
Conversely, a decline in BTC dominance means that funds are being concentrated towards altcoins.
Therefore, in the big picture (1M), you can see that the upward trend is maintained.
However, on the 1D chart, it is showing signs of a downward trend as it falls below the MS-Signal indicator.
We need to see if this short-term trend reversal can be sustained.
(USDT.D chart) USDT has a direct influence on the coin market because the USDT market is active.
Therefore, a decline in USDT dominance means that the coin market is rising, that is, the buying trend is increasing.
In the big picture (1M), it is difficult to say that it has fallen below the MS-Signal peak, so I think it is maintaining an upward trend.
Accordingly, the rise in USDT dominance should be considered a decline in the coin market, that is, an increase in selling.
However, looking at the 1D and 1W charts, they show a decline below the MS-Signal indicator of each chart.
Accordingly, from a short-term perspective, the coin market is showing an upward trend.
(1D chart) If this short-term upward trend in the coin market continues and USDT dominance falls below 5.89-6.39, it is expected that a bull market will begin in which profits can be made by purchasing any coin (token).
At this time, the important thing is that BTC dominance must fall simultaneously.
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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ノート
(USDT chart) It appears that great volatility will occur.
If the current appearance is normal, it will remain the same even after 1-2 days.
I think the size of the candle is caused by the transaction.
What is important in market cap charts such as USDT is the gap.
This is because it is believed that if a gap rise occurs, it means that funds have flowed into the coin market.
BTC's volatility period lasts until November 9th, so you need to keep a close eye on its future movements.
ノート
(USDT.D chart) Many altcoins are showing an upward trend, so much so that it can be seen as an altcoin bull market.
However, I believe that this altcoin bull market can only begin in earnest when USDT dominance falls below 5.89-6.39.
Accordingly, you must proceed with the transaction while holding cash to prepare for any emergency.
(BTC.D chart) BTC dominance should also fall along with it.
Otherwise, if USDT dominance falls, there is a possibility that a strange bull market will begin in which only BTC rises.