BTC DCurrently BTC D found a support on ***51.61%***, where there is also Weekly 200 ema.
Expecting the same that it will consolidate between ***51.61 - 52.89%*** with possible uptrend continuation.
High probably that after reaching the upper % at around **57.16 - 60%,** the dominance will reject.
This bullish scenario invalidates only if it loses the **51.61%** support, in this case it may come lower to **47.67%**
Btcdominance
Key points to follow in BullMarketIt was a key moment for altcoins in the past bullmarket, namely when BTC.D reached a strong resistance level at 73% to be exact, this happened on January 02, 2021, from that moment TOTAL 2 started to grow aggressively and the reign to decrease aggressively, until May 12, 2021, when we approached the peak of the bull market for Altcoins and BTC.D reached an important support level, namely 40%, whi c h was also in May 2018 support.
What we have to learn from here, is that we have to follow important resistance levels for BTC.D to trigger big increases on Altcoins, and take our profits when BTC.D reaches important supports.
www.tradingview.com
We identified the important support levels for BTC.D that could record the end of a growth cycle for ALT's in the next bull market and these are: 49% and 40%. In my opinion, I think partial profits should be taken at these levels.
www.tradingview.com
And as a strong resistance level that could trigger a big growth on altcoins could be the 60% level for BTC.D.
You have to take into account that a click has the following stages, BTC increases, then ETH, then the altcoins with large capitalization then those with small capitalization.
Bull market begins: BTC.D (below 50), USDT.D (below 5.89)Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(USDT chart)
A large volatility occurred on November 8th and the gap continues to rise.
Accordingly, we can see that funds are continuously flowing into the coin market.
-----------------------------------------
(USDC chart)
It is unclear whether USDC's continued decline is causing funds to flow out of the coin market or to be converted to USDT.
However, because the USDC market is not active, USDC movements do not have a direct influence on the coin market.
Since USDC continues to fall, I believe it is forming a separate market different from the stock market.
It is believed that the movements of the stock market due to the volatility of government bonds (US10Y) and DXY are consistent with the current movements of the coin market and have no special meaning.
(US10Y chart)
Since US10Y showed a short-term decline, it appears that the stock market is temporarily on the rise.
(DXY chart)
Since DXY is located around 105.664-106.416, it is difficult to say that the investment market is active yet, so you should be careful about investing.
-------------------------------------------------- ------------
(BTC.D chart)
BTC dominance is showing resistance and falling around 53.68.
Accordingly, we can see that funds are being concentrated towards altcoins.
However, since BTC dominance is above 50, you can see that more funds are still concentrated in BTC.
Therefore, I think caution is still needed when investing in altcoins.
-------------------------------------------------- ---
(USDT.D chart)
If USDT dominance falls below 5.89-6.39 and remains, the coin market is expected to begin a bull market, i.e. a bull market.
However, as mentioned in the explanation of the BTC dominance chart, the actual bull market is expected to begin only when BTC dominance falls below 50.
Therefore, it can be said that the 5.89-6.39 section corresponds to the boundary section.
This means that even if it pretends to fall below this boundary, it may rise.
In this market situation, I think that buying when a downward candle is on the 1D chart will lead to better trading than through breakout trading (buying when the price breaks upward through important support and resistance areas).
You should be aware that if the altcoin you own is not rising and you switch to another altcoin that is rising, there is a high possibility that the altcoin you have held will rise from then on.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
The next period of volatility is around November 16thHello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(USDT.D 1D chart)
As the trend line moves, a period of volatility is expected to begin around November 13th.
Accordingly, it is necessary to check the movement up to November 12-16.
If USDT dominance falls below the 5.89-6.39 range and maintains a downward trend due to resistance, it is expected that an altcoin bull market, or bull market, will begin.
It is expected that this fire field will create a small garden.
A major bull market is expected to begin when BTC shows a full-fledged uptrend, so if a bull market starts this time, I think the work to create a full-fledged uptrend has begun.
(BTC.D chart)
However, in bullish conditions, BTC dominance must fall below at least 50 and maintain a downward trend.
If not, there is a possibility that a strange bull market will continue in which only BTC will rise.
Accordingly, the current coin market can be seen as waiting at the starting point of a bull market.
It can be said that it is unknown whether all coins (tokens) will start together, whether BTC will start alone, or whether it will temporarily take over from the starting point and gather strength again.
-------------------------------------------------- ---
(USDT chart)
Someone is continuously injecting funds into the coin market.
USDT is active on exchanges around the world, so it can be said to be a channel for everyone who wants to trade in the coin market to move funds.
Accordingly, the rise in USDT's gap can be seen as meaning that new funds are continuously flowing into the coin market.
-------------------------------------------------- ---------
(BTCUSDT chart)
The reason why I explained the coin market cap chart (USDT.D, BTC.D USDT) before this explanation is to let you know that the current position is that important.
(1M charts)
It is close to the 0.5 point (38745.63), which is the Fibonacci ratio shown on the 1M chart.
Accordingly, if the price is maintained above 37253.81, it is expected to rise above 38745.63.
However, when it passes the 38745.63 point, it seems that the future trend can be predicted depending on whether it passes with a sharp rise or a slow rise.
I think there is a high possibility that this bull market or bull market will end around 43K.
Accordingly, if BTC rises too quickly, there is a possibility that only BTC may rise, preventing the altcoin bull market from starting.
Also, I think there is a possibility that the bull market or bull market will end very briefly.
Therefore, I think it is necessary to pay attention to the movement of BTC dominance.
(1W chart)
What I explained in the 1M chart is about movement in a very big picture.
Accordingly, it is recommended to use it to understand the general concept of movement in the big picture.
In the coin market, I think the trend of the 1W chart is the best.
Therefore, I believe that a more accurate trading strategy can be created by combining and interpreting the trend on the 1W chart with the approximate big picture on the 1M chart.
By combining the support and resistance points shown on the 1M chart with the 1W chart, I believe that more accurate support and resistance points and sections can be selected.
Therefore, numbers 1 and 2 shown on the chart correspond to important support and resistance areas, and the trend is expected to be determined by whether these areas can be broken upward.
Because of this, an important issue is whether the price can be maintained by rising above 38531.90.
Otherwise, if it falls and maintains the price above the 29241.72-30767.38 range, it is expected to create a pull back pattern.
If it falls below the 29241.72-30767.38 range, there is a high possibility of a downward trend, so caution is required.
What you need to pay attention to is the altcoins you own, and you will have the opportunity to buy more BTC or ETH.
It is the rising trend line that has the potential to play a role in creating a pull back pattern.
If it touches this rising trend line and stops, there is a high possibility that it will sideways and create a pull back pattern near that point or section.
(1D chart)
Based on what you learn from the 1M chart and 1W chart, you can create a more detailed trading strategy on the 1D chart.
It is possible to create a trading strategy using only 1D charts, but then small fluctuations may prevent you from properly reading the direction of the big picture.
So, if possible, it's a good idea to create big-picture trends and trading strategies on the 1M chart and 1W chart.
The first resistance section, 37779.56-38745.63, includes both support and resistance points on the 1M chart and 1W chart.
Accordingly, the reliability of the role that follows can be considered high.
After November 8, prices moved sideways and the trend line moved.
Accordingly, the possibility of volatility occurring around November 16th has increased.
During this period of volatility, it is expected that there will be an attempt to break above the first resistance area, and if an attempt is made to break upward, the key will be whether the price can be maintained after the breakout attempt.
If not, and it falls below 36701.09 and shows resistance, there is a possibility that it will fall around 32917.17-34110.32, that is, near the important trend line.
Well, if you see volatility within the rising channel, there is a possibility of creating a pull back pattern, so you need to watch the subsequent flow closely.
Since the trend line on the 1W chart passes near an important trend line, I think there is a high possibility of support around the 32917.17-34110.32 range.
The explanation of the second resistance section will be explained when an attempt is made to break above the 38745.63 point.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
Dominance & Bitcoin to Move Up if 52% HoldsBitcoin and Bitcoin Dominance may be about to move up should the 52% dominance level be successfully held.
Expecting a sharp move up to 55-57% for dominance and 40-43.5k for Bitcoin, and alts to lose value vs. Bitcoin:
Should the 52% level be lost, we may re-test 50 or 48% dominance levels instead.
Bitcoin needs to cleanly break through the 36.5-40k area to get out of the danger zone:
Pay Attention!!! BTC Dominance... Descending Triangle!CRYPTOCAP:BTC Dominance!! Pay Attention...
Currently in a Descending Triangle at 53.8%
Every time #btc dominance reaches the angled resistance of the trendline, it rejects!
Will the same this happen?
CRYPTOCAP:BTC dominance has been on a rise since Nov 2022 till now... this has accounted for the rise in the price of Bitcoin!
If Trendline is rejects, ALTCOIN SEASON!!!
BTC.D # 002 ( BTC Dominance clear road Map ! ) Hello dear traders.
Good days .
On Weekly Gann Square , BTC.D broken Gann Fan trend line and strongly rejected from it , need to get support from weekly Gann Box level to try broken important Arc resistance.
It it seem to Fail and come back to the level resistance or even lower Fan trend line .
Road map plotted with help of Gann Square & Gann Box .
Good luck and Safe trades .
Thanks for your support and comments.
BTC Dominance Fractal Geomerty ResearchMethod : Fractal Geometry Research
White Line : BTC.D Chart
Purple Line : Geometry fractal predictions
Observing historical data from the smallest particle frame to larger time frames using fractal and Fibonacci, methods are very suitable for investors, spot traders, long-term or swing trades.
!However, it's not suitable for scalping, short-term, or future traders!
" Previous history has been a repeated failure; the more I delve into this method, the closer I get to patterns that resemble the actual future. The more it fails, the more patterns/options I find that approach success in analysis. Because this method is an ancient one, rarely utilized, and challenging to comprehend, references are scarce."
Note: that personal observation does not constitute financial advice. It's important to seek advice from a licensed financial advisor before making any investment decisions.
USDT.D : Bull market begins when it falls below 5.89-6.39Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(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.
------------------------------------
(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.
If not, strange movements are expected to occur.
Strange movements mean that only BTC is rising.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
BTC Dominance 4HInterval ChartHello everyone, I invite you to review the current situation of BTC's dominance over the rest of the cryptocurrency market. First, we will use the blue lines to define the upward trend channel in which we have been moving for a long time.
Now we can move on to marking support areas in case the correction continues to deepen, to determine current supports we will use the Trend Based Fib Extension tool and here we can see the support zone from 52.54% to $52, where the price is currently located, however, we still have support at the level of 51.29%, and then we can see a quick decline to the support level of 49.27%.
Looking the other way, we will determine resistance in a similar way. And here you can see that the strong zone from 53.20% to 54.35% reacted strongly to the dominance and rejected its increase, only when we go above this zone can we move towards strong resistance at the level of 57.65%.
Please pay attention to the CHOP index, which shows that the current movement is running out of energy, the RSI indicator and the STOCH indicator show that we are exceeding the lower limit, which should stop the current downward movement.
#btcd #bitcoin dominance preparing a new leap? Beware!..#crypto market is greedy nowadays. But when everyone is greedy, take extra caution.
Money flowed into #altcoins , while #btc price is moving sideways and naturally #btcdom indice is slightly corrected. But BTC.D is about reach the support region and it' s probable that it may bounce there.
If bounces hard, that will surely take money from altcoins if there' s no money inflow to the crypto exchanges from outer globe. (While btc price goes up)
If there' ll be dump on btc, altcoins may have a blood bath.
NOT FINANCIAL ADVICE.
USDT.D : The key is whether the decline can continueHello?
Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(USDT chart)
USDT, which had been stagnant for a while, continues its upward trend and is renewing its new high (ATH).
However, the size of the candles is not the same as before and tends to be large.
This appearance of the 1D chart is actually the first pattern to appear.
It seems that the movement of funds in one day is too large.
So, once I know what the new pattern means, I'll explain it again.
The basic interpretation of USDT and USDC charts is whether they are rising or falling, creating a gap.
This is because a rising gap means that funds have flowed into the coin market, and a falling gap means that funds have flowed out of the coin market.
(USDC chart)
USDC is continuing to decline.
We believe that USDC does not have a direct impact on the coin market because the trading pairs are not active.
Therefore, it is unknown whether funds are flowing into USDC and then being converted to USDT, or whether funds are flowing out into the coin market after a quick transaction.
However, if the market capitalization of USDC continues to decrease, I think there is a possibility that there will be a difference in the movements of the coin market and the funds made up of USDC, that is, the coins launched as stock market investment products.
It is thought that this movement is limiting the upward trend of the coin market to launch new investment products.
The decrease in liquidity can be seen as a result of the movement of funds according to the global economic flow, but it is believed that as earn-related services on exchanges become active, funds are stagnating, reducing liquidity.
-------------------------------------------------- -------
(BTC.D chart)
(1M charts)
With BTC dominance rising above 53.65, the coin market is believed to be forming a new trend.
For the coin market to exhibit a major bull market, we expect BTC dominance to rise by more than 61% and then begin to decline.
Accordingly, BTC dominance is expected to continue to rise.
The rise in BTC dominance means that funds are being concentrated towards BTC, so it is likely that the movement of altcoins will relatively slow down.
Therefore, pumping of coins (tokens) with low market capitalization may occur frequently, but the upward trend is likely to be short-lived.
There are coins (tokens) that are currently showing a significant upward trend.
When these coins (tokens) end their upward trend and fall, it is necessary to check whether the price is maintained at a certain level.
In addition, we must also check whether the community activities of those coins (tokens) and the coin ecosystem are expanding.
This movement has the potential to create a new major coin and replace the existing major coin.
Therefore, if you are purchasing an altcoin for mid- to long-term investment purposes, I think it is a good idea to target these coins (tokens).
However, we must not forget that in reality, the only coins best suited for mid- to long-term investment are BTC and ETH.
(USDT chart)
USDT dominance fell below the HA-High indicator on all charts.
If USDT dominance is maintained below the HA-High indicator, the coin market is expected to show an upward trend.
However, since the movement of USDT dominance represents the overall flow of the coin market, the movement of individual coins (tokens) cannot be known.
If USDT dominance falls while BTC dominance is rising, this is expected to lead to an upward trend for BTC.
Therefore, I believe that BTC’s continued and rapid rise will inevitably result in a slowdown in altcoins.
--------------------------------------------------
We believe that funds coming in through USDT have a direct impact on the coin market because the trading pair is active.
Therefore, if USDT continues its upward trend by increasing the gap, I think the coin market will eventually show an upward trend.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
BTD.D & USDT.D -----> What's Happening?As I said before, I will say again that the market will always give you another chance to buy and there seem to be signs for this second chance.
Possible scenario for me:
Pullback to the broken levels of dominance by Tether and Bitcoin in the coming days and try to collect liquidity from the market and stop hunting small traders like me!
Then the return of dominance and the price of Bitcoin to the upward trend of the past .
and activating stop losses of positions in the opposite direction and possible shorts again!
What do you Guys Think about Btc.d and Usdt.d?
Does This Give Alts a Chance to Shine?Dominance is performing nearly perfectly with only a few surprises along the way. I wasn't quite sure dominance wanted to test the underside of that channel you see in red. That channel started in November of last year. We broke to the downside in August of this year and never really retested. Well, here we are today. We have retested the underside of the channel and can now expect BTC.D to continue its drop. The big question is will alts drop with Bitcoin as they have mostly been accustomed to doing in this bear market or will this finally be a time in which we can witness some divergence? The chart is showing the latter as a strong possibility however, be careful with your picks. Small cap/high risk alts should for the most part, not enter the equation here yet. The divergence will probably most notably be witness in larger cap alts like Ethereum and XRP. Maybe a few mid-cap alts as well.
This is not fin advice.
Stewdamus.
Bitcoin Bull Run Precedes Ethereum RallyDays of triple digit volatility and rampant amateur speculation are gone. Unlike the overblown enthusiasm which defined the peak of 2021, investors now are more measured and discerning.
2023 has been defined by (a) discrete and information fuelled rallies followed by unprecedented low volatility, and (b) rise of traditional finance entrants in digital assets.
Bitcoin (BTC) has rallied sharply relative to Ethereum (“ETH”), pushing BTC-ETH ratio to its highest level since 2021. Several factors point to a potential reversal in the ratio. Investors can deploy CME Micro BTC and Micro ETH Futures to harness gains from eventual reversion.
BTC surged 20% during the past week driven by excitement over the anticipated approval of a BTC Spot ETF. Large liquidations triggered as BTC prices rose on its re-emergence as a haven asset as discussed in a previous paper .
BITCOIN IS A HAVEN (AGAIN)
In October, BTC’s correlation with gold rose while correlation with Nasdaq-100 has inverted suggesting that investors consider BTC as a haven rather than a risk-on asset.
The case for BTC as a haven derives from its limited supply. Every four years, the number of BTCs minted as a mining reward, halves and will eventually halt, leading to a fixed supply.
BTC has played its role as a haven previously. In March this year, during the US regional banking crisis, BTC surged 40%. BTC also rallied 20% at the start of Russia-Ukraine conflict but soon pared those gains. Given the repeated pullback in its prices, question around BTC’s ability to deliver as a safe haven remains.
Assigning BTC a haven status could be a tad bit too early. It is a new asset. It faces regulatory ambiguity. It remains under-invested relative to traditional safe havens like gold and treasuries.
Notwithstanding that BTC is new, it is the most popular and widely tested cryptocurrency. Flow of assets from riskier crypto to the safety of BTC during rising uncertainty partly contributes to haven flows into BTC.
SHORT SQUEEZE ACCENTUATED BITCOIN’S RALLY
Recent rally was punctuated by heavy deleveraging in BTC derivatives. During the long squeeze in August, 64,000 BTCs were liquidated. In the following period, only half of these long positions returned.
These positions were not spared either as large liquidations occurred on October 17th and 23rd leading to unwinding of more than 60,000 BTC.
Source: Glassnode
The size of liquidation was like those in Jan 2023 when prices definitively broke above the $20k range, suggesting that this washout may be adequate to cement a major psychological price level.
AWAITING A BTC SPOT ETF
The latest development in the BTC spot ETF saga comes as an appeals court upheld the ruling against SEC’s rejection of Grayscale’s spot ETF application based on concerns that market manipulation is not addressed sufficiently.
The court held that SEC’s decision was arbitrary, capricious, and unenforceable. This time around, the SEC stated it will not be appealing any further.
The SEC’s easing stance is also echoed in the modest feedback response to other spot ETF applications. Many now believe that all spot BTC ETFs will be approved together and probably before the deadline of January 10th.
Approval of spot BTC ETFs is expected to make the asset available to a wider audience in a familiar Tradfi product structure making BTC go “mainstream.”
Spot ETFs will spur greater demand for spot BTC from ETF manufacturers. When gold ETF was first listed, incremental fund flows translated into higher demand for physical gold.
ETF listing and BTC price run is not a given as regulatory concerns remain. Prices have struggled to sustain ETF excitement driven rallies not once but thrice in 2023 due to slow developments compounded by a harsh macro backdrop.
The risk that the current rally will pullback persists. Earlier this week, price action was significantly influenced by investors speculating on the approval of Blackrock spot ETF (IBTC). The rumours have been spurred by the listing, delisting, and relisting of the ticker on Depository Trust and Clearing Corporation (DTCC) website.
BITCOIN BULL RUN PRECEDE ALTCOIN RALLIES
In stark contrast to BTC’s rally, other major cryptocurrencies have lagged pushing BTC dominance to its highest since 2021.
ETH has rallied 15% over the past week. ETH underperformance relative to BTC has pushed the ratio between them to levels unseen since 2021.
Altcoin underperformance is unusual. During past BTC rallies, ETH price tops lagged BTC tops by a month. This is a consequence of capital rotation within crypto.
In past rallies, asset rotation can be seen in three distinct waves starting with (1) increase in BTC capital, (2) ETH rotation, followed by (3) increasing stablecoin flows.
MARKET METRICS AND ON-CHAIN SIGNALS
A raft of market metrics points to bullish sentiment in crypto markets due to resilient Long-Term Holders (LTH), limited profits at current levels, and strained supply which is expected to be exacerbated by demand from spot ETFs.
More importantly, market metrics indicate a higher bullish sentiment for ETH.
FUTURES AND OPTIONS POSITIONING
Leveraged funds have built up net short positioning over the last few weeks in BTC futures. Contrastingly asset managers have setup net long positioning. In options, BTC full size options have a bullish P/C ratio of 0.51 and Micro BTC options have a P/C ratio of 0.76.
In contrast, leveraged funds bullish on ETH have switched from net short to net long positioning last week. Full size ETH options have bullish P/C ratio of 0.38 and Micro ETH options have P/C ratio of 0.38.
Overall, leveraged funds and option markets are more bullish on ETH compared to BTC.
TRADE SETUP
BTC prices may pullback relative to ETH in the short term given price divergence. CME’s suite of crypto futures can be deployed to harness gains from this trend reversal.
The hypothetical spread posited in this paper consists of two legs: (1) long position in Micro ETH futures expiring on November 24th ( METX3 ) and, (2) short position in Micro BTC futures expiring on the same date ( MBTX3 ).
Each lot of Micro ETH futures provide exposure to 0.1 ETH while each lot of Micro BTC futures provides exposure to 0.1 BTC. To balance notional values, nineteen lots of METX3 are required for each lot of MBTX3 at current prices
● Entry: 19.090
● Target: 17.58
● Stop Loss: 20.000
● Profit at Target: USD 276
● Loss at Stop: USD 169
● Reward to Risk: 1.6x
MARKET DATA
CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
DISCLAIMER
This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services.
Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
BITCOIN DOMINANCE analysis ⏰Expecting altseason after completing 55-60% pump 📌 then dump in CRYPTOCAP:BTC.D
Sign alts season started 📌
55-60% is accumulation of ALTS
Meanwhile white 🤍 line rejection 50.5% below 📍 lead to complete 40-45%
Then upside 🚀 move 😉 BITSTAMP:BTCUSD + $BTCD both ALTS dump and consideration
If any chance of weekend candle close above white 🤍 line 😂 no mid term bullish direct 55-60%
But I hope present market move bullish untill October later correction get started 📌
After halving we will see complete ALTS season 🚀 just accumulate pls know ur coin entry zones
If weekend candle close below 📍 last red line 📌 no bullish on dominance sign of already accumulation completed we are in ALTS season but have less chances but let's start watch 👀
Just DYOR , give boost 🚀 i will update post ⁉️ 🧐 every crucial move and month / weekend close
So u get updated 📌
So boosting Post give u an update my post when I updated 📌
New funds are flowing in, and funds are focusing on BTCHello?
Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(USDT chart)
The gap continues to rise, showing that new funds are flowing into the coin market.
(USDC chart)
There is a higher possibility that USDC's upward trend will be coupled with the movement of investment products in the stock market made with coins.
Therefore, we believe that the likelihood that the coin market will be affected by the movements of the stock market index increases.
However, since the USDC market is not active, its impact is expected to be minimal.
In any case, since the stock market is on the edge of a recession, a downtrend in the stock market is likely to have a temporary impact on the coin market.
-----------------------------------------------
(BTC.D chart)
A rise in BTC dominance means that funds in the coin market are being concentrated towards BTC.
Therefore, there is a possibility that altcoins will gradually sideways or show a downward trend.
There seems to be talk that the altcoin bull market has begun due to the current altcoin rise.
However, BTC dominance is expected to continue its upward trend and rise above 61.
Therefore, caution is required as the rising trend of altcoins is expected to gradually decrease or the rising period will become shorter.
(USDT.D chart)
The USDT market is a market that is active on all coin exchanges.
Therefore, USDT's volatility can be seen to have a direct influence on the coin market.
Accordingly, the decline in USDT dominance is more likely to lead to an upward trend in the coin market.
However, since USDT dominance can tell the flow of the entire coin market, it is recommended to look at the movement of BTC dominance as well.
Since funds are moved through USDT, if new funds flow through USDT, USDT dominance will naturally maintain an upward trend.
Therefore, it is better to analyze the movement of candles rather than analyze the trend of the USDT dominance chart.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
BTC Dominance - Massive Breakout! 60% Next!Bitcoin just out-performed the whole market.
In the process it escaped from the 50% resistance and now is well on its way to 60%.
This means one thing:
HOLDING BTC right now is the best trade, nothing else.
So long the BTC dominance goes up, you want to hold only one coin - THE KING OF CRYPTO.
This is great news as money is flowing into BTC, including new money.
Eventually some of that will spill-over into alts, but I don't expect that to be significant with the BTC halving due in April 2024.
I expect alts to perform better than BTC once BTC Dominance hits a ceiling. Either at 60% or 70%. Hard to say now.
Keep an eye on this chart. My bias is bullish on BTC for the next six months and I favor BTC vs any alts right now.
Like and follow for more ideas!
(USDT.D) Need to see if it can fall from 7.97-8.26Hello?
Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(USDT chart)
(1D chart)
You need to see if a gap is created on the USDT or USDC chart.
The larger the candle, the more transactions are taking place in the USDT or USDC market, indicating the amount converted to USDT or USDC.
Therefore, the occurrence of a large rising candle means that a lot of transactions took place in the USDT market, and as a result, a lot of it was converted to USDT.
This means that selling pressure was strong in the USDT market.
However, since a small but continuous gap is created, this gap increase will ultimately maintain the upward trend in the coin market.
---------------------------------------------
(USDC chart)
USDC's continued decline may indicate independent movements away from the stock market.
Additionally, there is a possibility that it may have a negative impact on stock investment products made with coins.
Since the USDC market is not active on the coin exchange, I don't think there will be any direct impact from USDC's fluctuations.
--------------------------------------------------
(BTC.D chart)
I believe that in order for the coin market to show a significant upward trend, the price of BTC must rise first.
Therefore, when BTC's full-fledged upward trend begins, BTC dominance is expected to rise above 61.
Due to this upward trend, altcoins are likely to gradually sideways or decline.
Then, at some point, BTC dominance will no longer rise and will begin to decline, and the simultaneous upward trend of BTC and altcoins will begin.
Therefore, I think it is only natural that we should currently focus on BTC or ETH.
-------------------------------------------------- -
(USDT.D chart)
The USDT market is an active market on coin exchanges around the world.
Therefore, the fluctuations of USDT have a great influence on the coin market, directly or indirectly.
Therefore, the fund flow in the coin market can be predicted to some extent by looking at the movement of USDT dominance.
If you look at the 1W chart and 1M chart, you can see that it is showing an upward trend.
Therefore, from a mid- to long-term perspective, it is expected to continue to rise.
A rise in USDT dominance means an overall downward trend in the coin market.
Therefore, I think it is better to approach investment from a mid- to long-term perspective.
However, if there is movement within the extended downtrend channel formed on the 1D chart and it shows a downward trend, the coin market is likely to show a short-term upward trend.
Therefore, we need to check whether it can fall in the 7.97-8.26 box range.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------