BillionWhale

Will history repeat itself?

SSRO Stablecoin Issuance Rate Oscillator Indicator Trend

The current market is like a green tea bitch; the more you take it seriously, the more it will PUA you.

【Cunning Ethereum】Recently, Ethereum has been very cunning! As soon as the weekend arrives, taking advantage of the US stock market not trading, Bitcoin has almost no fluctuations. In this case, 【ETH/Nasdaq】 can output crazily according to the US stocks, and 【ETH/BTC】 can output crazily according to Bitcoin. They start to stir things up, with no improvement in performance, no improvement in the ecosystem, and the price is like a student who usually slacks off and cheats on an exam, crazily 'raising scores'. Think of the former Ethereum and look at today's cunning Ethereum, it really makes one sigh...

Find the next peak from 【Total Cryptocurrency Market Capitalization】, as shown in the figure. I believe this chart is priceless.

I believe this chart about 【USDT Market Share】 is invaluable. The chart indicates the relationship of 'new highs - new lows' rotation positions. Among them, the 'new lows' currently 'organized' column is located at the upper edge of the wide red channel in the chart (yellow line). Therefore, if this pattern is valid, the next low should fall at the position indicated by the finger in the middle, waiting for verification...

Where have we fallen to now? Will we fall again?
【Total Cryptocurrency Market Value】Perfectly dropped to the lower edge of the channel + previous high, strong support;
【Bitcoin】When the 50-day moving average is close to overlapping with the previous high of 112000, there is reason for a 'two birds with one stone': retracing to the previous high + 50-day moving average, and indeed it has done so;
【Bitcoin Volatility Indicator】This drop is more severe than the drops on 6.5 and 6.22;
【USDT Market Share】Reached the 0.382 resistance level; from the USDT market share, it may still reach 0.5, where it can touch the long-term trend line (as shown in the figure)

Find our current relative position, and we won't panic.

From the perspective of [Seller Risk Rate], it has dropped quite a bit

Don't panic, just look at this map to know our relative position at this moment, so we won't get lost.

From the perspective of total market capitalization and USDT market share, it has fallen to the right level.

The Nasdaq has dropped to 0.618 of the high from two months ago and quickly rebounded; this position has some support.

Verification✅