This is the indicator we recently discovered that could replace Tether dominance (USDT.D) and Bitcoin dominance (BTCDOMUSDT) for measuring the strength of the altcoin market.
With the dominance of Tether, signal interference occasionally occurs due to the new supply, which is acceptable. It still works, but it might make some predictions incorrect.
Bitcoin dominance is great, but it can be confusing for some people. Bitcoin dominance decreases, but Bitcoin itself isn't dropping—it's rising along with everything else.
We also look at these two indicators and consider them bearish when the market turns bullish. This is true due to the overall market movement and the fact that these two indicators move in opposition to each other, but without any ambiguity with ALL.
When ALLUSDT signals an uptrend, as it does now, the altcoin market is bullish; the cryptocurrency market is bullish — we rise. When ALLUSDT is bearish, the market moves downward or is preparing to move downward. No ambiguity, everything is clear and straightforward. This is our win.
You can also speculate on this pair through Binance Futures, Gate, Mix, Bybit, Lbank, and possibly some other platforms.
I will requote this as a final introduction:
"Binance ALL Index is a cryptocurrency price index reflecting the overall performance of the USD-backed futures market. The Binance ALL Index provides insights and can be used as a tool for speculating on the strength of the cryptocurrency market."
The first break above EMA55 was rejected. After a higher low, the second break confirms it. Now, ALLUSDT is trading daily above EMA55, opening the door for strong growth, leading to a test of the last trading range as a minimum, meaning a potential upward breakout in alternative markets.
⚠️ Notice:
This analysis is for educational purposes only and does not encourage trading futures or any prohibited transactions. The purpose is to illustrate potential market movements, not to provide direct buy or sell recommendations.
💡 Important notes:
- This analysis is for educational purposes only.
- Please study the market and make decisions based on your risk tolerance and capacity.
- The author is not responsible for others' trading or their profit outcomes.
Thank you very much for your continuous support.
Namaste.
✅ Trade here on $ALL