USDT.D 1HCurrently, it is placed in a triangle pattern and it is approaching its end. In such a pattern, there is a possibility of exit from both sides, but currently, with the current conditions in the market, there are strong and close supports in Dominance Tether, economic..... It is likely to move upwards and reach new heights (personal opinion). Good luck and be profitable.
Usdtd
USDT DOMINANCE: A GLITCH ONCE AGAIN.Hello guy, let's take a quick look at USDT dominance.
Timeframe: 8 hours.
Update: This is madness!!! This USDT Dominance has pumped 85% (7.5% to 13.92%) within an hour and as I am posting this update, it dropped back to the previous level forming a long wick from the top. This isn't the first time we saw an error like this so, I guess there's nothing to panic about. The market is still moving at the same pace and so far no big change.
There's a slight resistance at 8.4% and it is most likely that the USDT.D will reject from that level. In case the USDT.D breaks through the resistance then it may attempt to reach the upper trendline (10% level).
Conclusion: We still have 3 hours left for the candle to close so we can wait and observe. I am still expecting the USDT.D to test the 8.4% resistance level.
I will keep things posted so do not worry.
Have good hours ahead, everyone.
Thank you.
Tether Dominance Next Target Mapped (Red)Looks like we have the complete b wave of the ABC correction we mapped a few days ago.
We can see EMA50 holding as support after a higher low.
This is set at 7.58%; This level is very likely to fail.
The RSI has gone bearish (below 50) and we have a clear lower high.
The next target is set first at 7.02% followed by 6.37%.
If we see straight down, as the chart is saying, Bitcoin will move straight up.
Namaste.
USDT DOMINANCE: IN SHORTER TIMEFRAME.Hello traders, here's another update on USDT.D in a shorter timeframe.
Timeframe: 8 hours.
Update: In my most recent update on the USDT.D, I mentioned that a bounce is likely possible. That update was on a higher timeframe and I will definitely stick to it. Now, when we see the chart in a lower timeframe, a rejection towards the lower support is possible and then a bounce back. This rejection level is at 6.6% and in lower TF if the dominance dips then BTC and altcoins will rally.
Pattern: In this 8-hour TF, the USDT.D has formed a pattern that looks like a 'Bearish Expanding Triangle'.
Conclusion: A rejection of the USDT.D can be expected in a lower timeframe which will give some room for BTC and other altcoins to grow. But if the dominance breaks above the 21 MA resistance (7.44%) then things will go totally opposite.
Note: This update is purely on a shorter timeframe. Don't get confused with the higher timeframe update. Both updates have their invalidation point so take your trades accordingly.
USDT DOMINANCE: LIKELY TO BOUNCE BACK?Hello traders, I hope you all are doing great. Here's an update on the USDT.D.
Timeframe: 3 days.
Update: The USDT.D is holding support at the 7% level and as I mentioned in my previous update, the USDT.D is likely to bounce back. If that happens then get ready to witness BTC dropping further down. As we can see that the USDT.D is yet to test its upper trendline which is around 12% and if the support 1 level continues to hold the dominance then it is likely possible. With that said, if the USDT.D reaches 12%, it is highly possible that BTC will drop up to $12k.
On the other side, if the USDT.D breaks down below the support 1 level then we can expect some greens on BTC and other altcoins.
I'll come up with more updates soon until then trade safely.
Tether Dominance Weekly OverboughtThis is the long-term chart for Tether Dominance (USDT.D) and we are looking mainly at an ascending channel.
Each time the upper-band of the channel is hit we get a retrace/correction.
The upper-band being hit coincides with an overbought RSI.
An overbought RSI has always led to a strong correction.
Just yesterday/last week, USDT.D closed with the highest RSI value ever, signaling an overbought status.
It is only a matter of time before Bitcoin starts to grow; big, fast & strong.
I meant to say, it is only a matter of time before Tether Dominances drops.
Namaste.
Long or Short? Update for Leverage traders...USDT Dominance is at a decisive point. Multiple
Rejection candles will lead to a rally across the market.
BTC could hit $23k+ and alts will follow, probably a green week.
However, a close above the resistance will lead to a correction.
Important area, stay vigilant.
CONCLUSION:- Close above 7.28% will trigger short entries across the market.
Close below 7.23% enter long position with SL.
Let me know what you think in the comment section and hit the like button if you find this update helpful.
DYOR
Thank you
#PEACE
Tether Dominance Classic ABC CorrectionWill Tether Dominance recover and Bitcoin crash fully to new lows?
Not likely...
Any recovery can be the "B wave" of a classic ABC correction.
These come after new peaks/highs just as we see with USDT.D.
Be patient.
You can see a shaky/bearish Bitcoin from Monday through Thursday and then we resume the growth.
Just one of the many possible scenarios but is better to be ready than to be taken by surprised...
Thanks for the support.
Namaste.
Tether Dominance Decline Not OverWe see Tether Dominance (USDT.D) declining slowly since 18-June... But, is it over?
Not likely.
The downtrend is only getting started and the chart signals and indicators continue pointing to lower prices.
USDT.D just hit a support level recently around ~7.10%.
After a small bounce, we are likely to test EMA300/MA200 at 6.66% - 6.75%.
Followed by 5.70% as the final target short-term.
Conditions for change
If USDT.D moves and closes above 7.56% the short-term bullish bias is compromised but not all is lost.
It needs time to develop.
Namaste.
USDT DOMINANCE: AT THE SUPPORT. Hello traders, welcome to this USDT Dominance update.
Timeframe: 3 Days.
Description: Tether’s USDT is widely recognized as the first stablecoin, where USDT stands for the symbol of Tether's USD stablecoin (also known as Tether). In terms of market capitalization, it’s fourth overall. It was launched in 2014 as a digital token backed by fiat currency, where the USDT is pegged at 1:1 to the U.S. Dollar to ensure stability in the exchange price.
Update: The USDT.D is at the support 1 level (7%), and like I mentioned in my previos update, a bounce can be expected. We still have roughly 2 days left for the candle to close and if the USDT.D sustains this support 1 level then the next opening candle could turn green. On the other hand, if the the USDT.D breakdown below the S1 level then I expect the dominance to drop up to S2 (5.7%) which means BTC and other altcoins will rally higher.
Conclusion: Taking a bullish trade on BTC and other altcoins could be tricky at the moment. So, you can do scalping on either long or short positions.
Do like and follow for more updates.
Thank you.
Tether Dominance Bearish Continuation (Multiple Timeframes)As long as Tether Dominance index (USDT.D) continues beairsh, we continue safe.
We can see it dropping since 18-June.
Trading below EMA50, USDT.D is aiming lower and the next target is set at EMA300 or 6.49%.
The indicators are going full bearish as well on the 4H timeframe.
---
When we look at the daily timeframe, everything becomes clearer.
The MACD is showing a full bearish cross in the making:
The RSI is showing bearish divergence after the last peak produced a lower high compared to a new All-Time High on the USDT.D chart.
We can also appreciate a full candle close below EMA10 daily, this signal confirms only when today's candle closes if it closes below 7.86%.
These are all bearish signals...
So far now, all I can say is that PATIENCE IS KEY!
Namaste.
Tether Dominance | 3 Strikes & You Are Out! (Head & Shoulders) We have the 3 heads pattern on the Tether Dominance Index (USDT.D) chart.
This pattern is equivalent to the Head & Shoulders and we are all familiar with it.
It comes up at the top of a trend and signals a potential reversal.
The last candle that closed just minutes ago, marked on the chart (22 Jun '22 04:00), is very telling.
We can see a strong rejection in the form of a full bearish candle to push prices below all the main moving averages, that is EMA10, EMA21 and EMA50.
Both the MACD and RSI went from bullish to bearish, strong to weak...
And so we see a continuation of the bearish bias that we've been tracking thrgouh this index...
As USDT.D goes down, BTCUSD goes up.
Namaste.
USDT DOMINANCE: REJECTION IN THE HALF-WAY.Hello traders, welcome to this USDT Dominance update.
Timeframe: 3 Days.
Description: Tether’s USDT is widely recognized as the first stablecoin, where USDT stands for the symbol of Tether's USD stablecoin (also known as Tether). In terms of market capitalization, it’s fourth overall. It was launched in 2014 as a digital token backed by fiat currency, where the USDT is pegged at 1:1 to the U.S. Dollar to ensure stability in the exchange price.
Update: The USDT.D did it again. It got rejected halfway before hitting the resistance level. The same happened in last year July, it got rejected from 5.12%. This time it was 9.49% and if the USDT.D will repeat the history then we can expect a drop up to 4%. The market will surely get bullish if that happens but we cannot ignore the support level on USDT.D. We have good support at 7% from where we may see some bounce back on USDT.D, if not then a rejection for sure.
Relation with USDC.D: The USDT.D and USDC.D are moving side-by-side making a similar move.
Conclusion: I'll keep my conclusion the same as I wrote on my USDC.D update.
If you agree with my ideas then do support me with your likes and comments.
Thank you.
Tether Dominance Index Top PatternWe have this triangle on the chart which is a "top pattern"; when you see this pattern or an inverted cup you have high probability of dealing with a top.
If prices topped, then we drop.
Just a quick update to let you know that we continue bearish on USDT.D.
The indicators are now also turning bearish, MACD and RSI.
It is likely to speed up, fast, if/when support breaks.
Namaste.
Have You Given Up?We say that the Tether Dominance Index (USDT.D) is set for a very strong drop very soon...
A new All-Time High was hit yesterday yet we continue to see signal after signal pointing to this rally being over-extended.
We looked at the weekly and daily timeframes in the past...
Let's take a closer look short-term, this is the 4H timeframe.
We have prices dropping after closing below EMA10.
We have bearish divergence with the MACD and RSI.
A bearish cross on the MACD while the indicator is strongly aiming lower...
It is only a matter of time...
We Never Give Up!
Namaste.
Tether Dominance Continues Bullish, Hits Another Resistance... USDT.D (Tether Dominance Index) did not drop and continues higher...
But this is possible of course.
We are seeing the "last hoorah", the last jump, the peak, the top, the All-Time High... After the All-Time High comes a new low.
Bitcoin hit an All-Time High back in November 2021, it has been dropping since.
Technically the ATH was hit back in April 2021... So Bitcoin has been dropping for more than a year based on this one.
This is exactly what will happen to the Tether Dominance Index (USDT.D).
After the next peak price, it will have a long-term bear market...
Why are we interested in this?
Bitcoin's price based on BTCUSD and the USDT.D index have an inverse correlation.
The fact that this index is massively overbought and reaching new highs tells us that Bitcoin is massively oversold and hitting new lows.
Bitcoin is at the bottom, USDT.D is at the top.
This will reverse and that's our call.
Namaste.
Tether Dominance Moved Higher But Bears Are ComingSince our last analysis, Tether Dominance Index (USDT.D) has broken the last resistance and gone higher... This is a "last hoorah" based on the chart candles and signals.
We have shooting stars, Dojis and hammers all at new highs/resistance.
Seeing these candles at new high prices can signal that the top is in.
What follows after a new top is a strong correction.
The MACD is also at new highs but trending lower after a bearish cross.
Sooner or later, rather very soon... USDT.D will drop strong and inversely Bitcoin will go up.
Namaste.
USDT DOMINANCE: ARE WE DONE WITH THE RALLY?Hello traders, welcome to this USDT Dominance weekly update.
The USDT.D might be dropping down in a lower timeframe but in a higher timeframe, it is yet to reach the resistance level which is at 11.43%. It is also possible that the USDT.D may get rejected from here as it did in the past (July 2021). I hope you can relate all this to my BTC, ETH, and USDC.DOM updates. If you have paid attention then you will notice that in a higher timeframe, everything is indicating the beginning of the 3rd quarter (July) to be positive for the market.
I may be right, or I may be wrong but I trust my instinct and my T.A. We are still at the end of the 2nd quarter and even now the market can move in any direction. The upcoming weekly close will be important so be extra cautious with your trades.
If there are any scalping opportunities then I'll update until then take care.
USDT Dominance may now go up, may fall below 7.66% Looks like!!Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks, Friends.
USD dominance 4 hours update looks like dominance may once be on the way and rejection from 7.66% should be considered as BTC is yet to dump around 13% so this is my view
Thank you for your time, we hope that our work is good for you, and you are satisfied, we wish you a good day and big profits.
Thank you
usdt dominance Well, the story that I was expecting was touched by friends of Trend Line, but it is possible that it will hit the ceiling again. (Beat will touch Channel 26 once again)
I look forward to returning from this area.
If the trend line is broken, it is very unlikely that I will give you a new analysis
This is just a personal view, not a buy or sell
USDT DOMINANCE: CAN WE CALL THIS A DOUBLE TOP???Hello fellas, we have seen something interesting happening in the market. In my previous BTC update, I discussed the crucial support levels and how BTC is still not showing any bullish confirmation. Well, here I am with an interesting update on USDT.D. I bet this will be worth reading.
In this chart let us try to connect all the dots and analyze the future outcome of BTC and other altcoins.
1. BTC and altcoins: BTC and other altcoins are in a bearish mode right now and it is hard for the bulls to trade in this current market situation. As we are in the bearish zone right now, the next phase will be a bullish phase.
2. BTC Dominance: We all know how the BTC dominance plays off. Currently, BTC Dominance is increasing and BTC is dumping, which means altcoins are dumping as well. So, in the next scenario, if BTC dominance gets rejected and BTC will pump, altcoins will have some massive pump as well.
3. RSI: The RSI radar in BTC and other altcoins are at the oversold range whereas, in both BTC & USDT Dominance, the RSI is at the overbought range. This clearly means that soon we will see the RSI on BTC and other altcoins rallying up and the RSI on the dominance dropping down.
Lastly, 4. USDT Dominance: As you can see in the chart, the USDT.D is making a double top pattern in a daily timeframe. If that's the case then we may see the USDT.D rallying close to the 7% range or a new ATH followed by a rejection. This rejection could be either a 15% drop or even a 30% drop depending on how the market will rally.
Conclusion: We may be witnessing some drops right now but soon we will witness some pumps as well. So, be prepared cause the charts say it all. I hope all the will play off accordingly.
Take good care of yourself.
Like and follow will be highly appreciated.
Thank you.
#USDT dominance may come now. Looks like it?Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks, Friends.
USDT dominance trading in its red zone area and using rejection from here is a force in dominance, so from here USDT dominance is down around 13% to 16%, which could see bullish momentum in the altcoin.
Thank you for your time, we hope that our work is good for you, and you are satisfied, we wish you a good day and big profits.
Thank you
#USDT.DOMINANCE 2HOUR UPDATE BY CRYPTOSANDERS !!Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks, Friends.
Hello, dear traders welcome to this USDT.DOMINANCE 2hr chart analysis.
I have tried my best to get the best possible results in this chart.
As we can see in the chart mentioned above that USDT.D broke the upper trend line and pumped almost 6% which moved down n the altcoins 10% - 12%.
The current scenario is heading towards the resistance level and bull traders expect rejection.
Rejection from the resistance is the cure to recover from red to green in altcoins.
A candle close above the resistance will turn the scenario into the worst case.
Thank you for your time, we hope that our work is good for you, and you are satisfied, we wish you a good day and big profits.
Thank you