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Tetherdominance

Drops Below EMA100 | Bearish ConfirmedThere is nothing bearish for cryptocurrency in us seeing the Tether Dominance Index go bearish. This is bullish for the entire cryptocurrency market. The close below EMA100 is the main red signal we look at today. Seeing a red candle below this level, blue line on the chart, is the bearish confirmation. Today is just continuation. Do not expect any pullbacks this thing is about to speed up. See you above $26,000 Bitcoin. See you at $2500 Ethereum... Let's see how all the Altcoins also grow. Namaste.
CRYPTOCAP:USDT.DShort
by AlanSantana
2
Tether Dominance Looses Major Support, Bitcoin To The Moon!USDT.D Gapped down today and after some strugle with EMA100 (blue line on the chart), the bears came out on top... This is good news as Tether Dominance drops Bitcoin grows. We are open to see a $4,000 USD day on Bitcoin maybe this same week. Looking at the bearishness of the USDT.D chart, gives confirmation. The next support that will be challenged will be 5.60% follwod by 5.26/5.05%. With such a huge drop not only Bitcoin will grow but the entire cryptocurrency market is about to enter an impulsive bullish phase. Namaste.
CRYPTOCAP:USDT.DShort
by AlanSantana
1
Tether Dominance Strong Bearish Signals Bitcoin Soaring!Now we are back to the candlesticks and we have strong bearish signals on this chart. This is the daily timeframe/peridiocity for USDT.D. We have a lower high 13-July compared to 18-June. Prices trading below EMA10 and EMA21. As EMA50 works as support, this level is being weakened the more it is challenged. (USDT.D daily now trades below EMA50) The RSI has gone below 50 (bearish) while USDT.D values are high. Today's candle is already displaying an upper wick, signaling bearish pressure. It looks as if a strong drop can happen within days... This would be equivalent to Bitcoin going through the roof. On the 4H timeframe, we can see bearish momentum building up. A strong rejection at MA200... As USDT.D drops, Bitcoin grows. Namaste.
CRYPTOCAP:USDT.DShort
by AlanSantana
1
People Are Starting To Lose Patience...Next to getting rid of your losers and riding for as long as possible the winners, patience is one of the most imporatnt virtues you can have when it comes to cryptocurrency trading. Patience is truly the key to win. When USDT.D was oversold on the RSI, it went up. As USDT.D gets to overbought, it is very likely to drop. The immediate resistance on this index is set at 7.51% followed by 7.85%. The 7.51% is the main one for us and we are bearish here. If this level fails there is still more resistance overhead. USDT.D and BTCUSD have an inverse correlation and that is why we track this index everyday. It can be used for confirmation. If you see a bullish BTC, you can confirm your bias if you also see a bearish USDT.D. A bullish SPX supports any bullish signals found on BTCUSD, etc. There are many different altcoins, indexes, pairs, charts that can be used in this manner, for comparison purposes. Thanks a lot for the continued support. Namaste.
CRYPTOCAP:USDT.DShort
by AlanSantana
3
Tether Dominance Going 10% to 20% LowerHello my beloved cryptocurrency traders, supporters and readers... I hope you are having a great week. Let's start today with the Tether Dominance (USDT.D) index chart. Our focus now is on the next target/support. We see a 10% drop happening firts. A small bounce... Followed by another drop that will end at "C" or a total of -20% from the current price. Inversely this would signal that Bitcoin is about to speed up when it comes to price growth. Namaste.
CRYPTOCAP:USDT.DShort
by AlanSantana
Tether Dominance vs Bitcoin (Cryptocurrency Market Bullish Wave)Bitcoin is about to go high up if we reconsider the inverse correlation between USDT.D and BTCUSD... Let's read the chart. According to the USDT.D index, Tether Dominance is about to have another leg down; a major drop on the EW ABC correction. This drop can take USDT.D to 6.45% or lower at around 5.70%, this would equate to a price jump on Bitcoin to around $22 to $25K. This is how it goes. After this next leg down, we get the classic bounce and then additional drop. (USDT.D) As for BTC, the inverse... We get this upsurge and after the initial resistance is hit a small retrace follows and then additional growth. (BTCUSD) The cryptocurrency trading pairs can turn and stay green all the way to end of August, late September at most. It will be a nice bullish wave... I hope to see you around and have your support. Namaste.
CRYPTOCAP:USDT.DShort
by AlanSantana
Tether Dominance Update (Adapt and Change)This is yesterday's chart updated... The major resistance short-term has been defined at 8.02%, since we have an interesection of two trendlines and two rejections. The bias remains the same as yesterday. Bearish below 8.14%. Bullish above. We are bearish in general as we've been tracking this one and expecting a drop. We adapt to market conditions... We adapt to the charts when they change. The charts are always changing... We are always adapting. Namaste.
CRYPTOCAP:USDT.DShort
by AlanSantana
5
Tether Dominance - Bearish Divergence Current Market Cap - 6.3 Billion Tether dominance has risen over %284 ever since the market peaked back in November last year. However, it is starting to show weakness after it made a higher high while RSI made a lower low. The last time RSI printed a divergence, it signalled the market bottom and money started flowing back into cryptocurrency We could potentially see a similar move. The orange line below, represents the total crypto market cap. What is Tether Dominance? Tether (USDT) Dominance shows how much percent of the money is on USDT. There is 2 cause of the increase of USDT dominance. The first is that investors put cash on the market from the outside, which is due to the unfavourable weather in the market. And the second is again, as the market falls, investors withdraw their funds from cryptocurrency investments and put them to USDT. In both of them, a decrease in cryptocurrencies and an increase in USDT holders are observed. Speculative Setup, DYOR. Allow 3-18 Months For all Crypto Ideas. Credit to @without_worries for allowing use of indicators.
CRYPTOCAP:USDT.DShort
by bL1TZZ
4