The Key Is Whether USDT Can Convert To Gap Rise

2023年8月21日

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(USDT chart)

We need to see if it can rise above 83.333B.

If not,
1st: 82.959B
2nd: 81.839B
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.


(USDC chart)

We need to see if it can rise above 26.525B.


(BTC.D chart)

We need to see if it can fall below 47.64-48.81.


(USDT.D chart)

Regardless of whether the size of funds changes or where the flow of funds is concentrated, the most important thing is that USDT dominance must decline.

Otherwise, the coin market cannot continue its upward trend.


If USDT dominance remains above 8.12, it is expected to renew the new high (ATH).

Therefore, the key question is whether a decline can be achieved around 7.14-7.39.

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(USDT 1D chart)

After gapping down around June 17th, BTC surged.

It remains to be seen if funds flow into the coin market through USDT after this drop.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** The trading volume indicator is displayed as a candle body based on 10EMA.
Display method (in order of boldest)
More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA

** 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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2023年8月21日

注释

(BTCUSDT chart)


(1D chart)

It has yet to form a support and resistance zone.

Accordingly, it is necessary to check if the price can form a support and resistance zone while maintaining the price around 26054.0-26189.99.


The question is whether it can rise above 27162.14.

If it fails to rise, I would expect a decline around 23293.32.


The coin market cap chart is expected to be normalized.

It seems that it will take 1-2 days to see if the counting has been done properly.

However, as I said in the description of the USDT chart, the currently stopped section corresponds to an important section.

Therefore, it is expected that the future flow of USDT will play a very important role in predicting the trend of the coin market.

2023年8月22日

注释

(USDT 1D chart)

I think that gaps in coin market cap charts are one of the meaningful moves.

This is because the occurrence of a gap is seen as a sign of a new inflow or outflow of funds.

The movement of the candle signifies that funds are being used in the transaction.

Therefore, if you think that there is a new inflow or outflow of funds just because the size of the candlestick is large, I think it is correct to think that the trading volume is increasing or decreasing a lot.

We need to see if USDT gaps down and falls below 82.959B.

If the gap doesn't go down, it means someone is selling and someone is buying, so new buyers will form a new trend.

This phenomenon is sometimes referred to as a 'hand change'.