irCryptoClub - Review of Crypto market indicators

14 Mei 2021

Review of Crypto market indicators

According to the studies performed on the chart of indicators provided, it can be said that the current market trend is stable and the possibility of a decline in the overall market in terms of volume seems unlikely.

Due to the comparison of both #TOTAL and # TOTAL2 charts as well as #BTC_D, the probability of altcoins growing in the short term is high, and accordingly, the price of bitcoin can be stabilized in the current range due to the prediction of a further decline in dominance. Even have a drop

According to the time analysis, the #USDT_D chart can be downgraded again after a short positive wave and hit the resistance of 3.16% and reduce the sales pressure in the market

Also, considering that we expect the ## TOTAL chart to have a very smooth trend in this time period, compared to the increase in the acquisition of more than the market volume, it can lead the price of Bitcoin to low support for a short time.

Considering the growth percentage predicted for the Total Alt Coins market cap # TOTAL2 up to the resistance range and also assuming the decline of the Tetris dominance index in approximately the same time period and expecting the Bitcoin dominance index to reach the support range in this period Expect another big move from Bitcoin

Finally, by examining the announced indicators in the shortest case, it can be said that as long as the total market cap does not penetrate in the range of 2100 billion and the dominance of Teter does not exceed 3.16%, the predicted scenario has the necessary credibility and the market is currently within this time frame. It can be convenient to buy

In case of any change, the analysis will be updated

good luck
Cryptoclub Analytical Team

17 Mei 2021

Dagangan aktif

Re-penetrating the $ 45,000 range, the previous short-term analysis loses its validity and the scenario continues according to the original analysis

Considering the review of other indicators, especially the #USDT_D dominance index and the total volume of the #TOTAL market cap, the penetration into the support range in the market cap chart can be considered as a continuation of the current trend, and this situation will probably reach the resistance range until the tether dominance index. to be continued

Accordingly, by examining the market cap of Altcoins and the relative stabilization in this index, we can hope for the resistance of Altcoins against the fall of the market volume. The bitcoin dominance chart is still declining

In case of any changes, the chart will be updated again