Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
--------------------------------------
As I said in the CME Bitcoin chart, from May 27th to May 29th, there is a period of great volatility, so I think it is good to stop trading for a while and check the situation.
You need to get support at point 9415 to keep the current going.
In addition, it is necessary to check whether it can rise above the 9481 point and above the uptrend line (4).
Since the Futures due date is May 29, the flow from May 20 is actually important.
BTC Dominance, USDT Dominance, USDT Market Capitalization ($), and Bittrex's USDTUSD charts made some incredible changes about 4 hours ago.
I don't know what this means, but it seems that the Bittrex exchange has driven this change.
------------------------------------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
--------------------------------------
As I said in the CME Bitcoin chart, from May 27th to May 29th, there is a period of great volatility, so I think it is good to stop trading for a while and check the situation.
You need to get support at point 9415 to keep the current going.
In addition, it is necessary to check whether it can rise above the 9481 point and above the uptrend line (4).
Since the Futures due date is May 29, the flow from May 20 is actually important.
I don't know what this means, but it seems that the Bittrex exchange has driven this change.
------------------------------------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section
Comment:
The Bittrex exchange has a separate USD Market, which we confirmed on the Coinmarketcap site. Accordingly, I believe that the possibility that USDT was used to buy coins has increased.
Comment:
We need to make sure that we continue to receive support from the downtrend line (1).
In addition, it is also necessary to check whether the 9415 point is continuously touched to express the will of ascension.
In addition, it is also necessary to check whether the 9415 point is continuously touched to express the will of ascension.
[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/
The sudden change in USDT dominance and USDT market cap ($)
1. Used to buy coins.
2. Getting out of the coin market (possibly cashed)
I think I can't define motion otherwise.
Also, it can be predicted that the sudden change in BTC dominance was caused by the sudden change in the market cap of USDT, but it cannot be said to be certain.