#USDT Dominance is printing something scary!🚨Market Caution Alert! 🚨
While many anticipate a move to FWB:48K , it's crucial to stay vigilant as market conditions can shift rapidly.
I'm also waiting for this level, but let's be cautious and ready for sudden changes.
I've explained the significance of this weekly close for Bitcoin.
Recall your greatest losses? When you were unprepared for the unexpected. Let's avoid a repeat this time!
Running Trades on Leverage:-
1. Set your Stop Loss (SL) to manage risk.
JTO: SL at $2.36 (in red).
DYDX: SL around $2.776 (in green).
2. I'm not adopting a bearish stance, but the goal is to prioritise caution and secure profits. I've said it before I am spot-long till Q3 of 2025!
3. Avoid excessive use of leverage for safer trading.
Let's stay alert and make informed decisions. Markets can be unpredictable, and protecting our investments is paramount.
#Crypto #BTC
Do show. your support and boost this chart if you like it.
Thank you
#PEACE
Usdtd
Tether Dominance (USDT.D)Exciting times in the crypto market! 📈 Tether Dominance (USDT.D) is on the rise with a notable surge in trading volume, showcasing a rounded bottom pattern since hitting its support.
Feeling optimistic about the future! Long-term projections for Bitcoin and the broader crypto space in 2024 and 2025 look promising. However, it's crucial to note the recent bullish momentum in Tether Dominance could signal a temporary correction for both Bitcoin and Altcoins in the mid-term, following a potential lower high.
Simplicity is key. Analyzing the "Candle Pattern" on the chart provides valuable insights.
Thank you for your attention. Your support encourages us to deliver more valuable content. Feel free to like and share!
Update analysis (USDT.D)📊In the analyzed time frame, it is clear that it was bearish, and by reaching the desired area, we can see the beginning of a range or rise from USDT.D.
📈So stay with me in the next updates.
🔗 For more communication with us, send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
Respect the pump - USDT.D breaking supportTime to get off the sidelines and respect the pump.
If the ongoing L2 rally isn't enough of a wake-up call, check out USDT Dominance, which is putting in lower lows and breaking through a significant previous resistance level with increasing volume to back it up. Also, looking at VPVR, there's also very little volume to stop this trend at least until it retests the 200 SMA, which is not far off.
I wouldn't be surprised to see a bounce off of that corresponding with a slight retrace for some of these coins as traders take some profit, but at this point my bias is bullish.
We are so back.
Happy trades,
CD
USDT.D has just tagged strong support!I'm throwing this out there just to put a little ice on the flames rn. It is worth noting that USDT dominance has tagged strong support today.
What does this mean? Well, it means mostly that reserves are being emptied in favor of hot crypto rn.
What might it mean if support holds? It's really hard to say but I am betting that much of these funds are going into Bitcoin. Now, if BTC starts to cool (which my charts are showing me may strongly be the case), traders may sell, USDT.D would bounce on that support, and then following this traders may begin to look at new trades, specifically ALTs which they know will follow BTC's lead. This theory is supported by my BTC.D chart which looks as if it may double-top here today pending where we close.
Also note that RSI. We are in oversold territory. Last time this happened, ALTs took off.
Best,
Stewdamus
Important update on the USDT Dominance and the US Dollar IndexGreetings, Traders,
We have a brief update on USDT dominance and the US Dollar Index using a 3-day timeframe chart. This video holds significance for analyzing the crypto market, so be sure to watch it through to the end. If you have any questions, concerns, or suggestions, feel free to reach out. I'm here and just a comment away.
Best regards,
Team Dexter.
USDT Dominance UpdateHello Traders,
Quick update on USDT Dominance over a 2-day period.
USDT Dominance broke below the previous support (6.45%), now acting as resistance. This breakdown spurred the crypto market to rally higher. There's a possibility it could dip further to 5.8%, a strong support level. However, before that, I anticipate USDT.D might attempt to break the resistance at 6.45%. If unsuccessful, a rejection is likely.
Note: The crypto market hasn't signaled a correction yet, so trade cautiously. The trend is bullish, offering profit potential. To safeguard your earnings, always use a Stop Loss. NEVER TRADE WITHOUT IT.
Hope this update proves helpful. Please like, share, and follow for more.
Best regards,
Team Dexter.
USDT.D #004 ( Collect your profits , Correction Time ! ) Hello dear traders .
Good days .
Dominance of Tether after broken Monthly Gann Square 0.5 Arc resistance could not broken Gann Box price level resistance and several time rejected .
For continue upward move it was need to get support. Now it is on Gann Square Fan Trend line to get support and continue move upward move . If it could not hold this support it will drop to lower Gann Box support which is about 5.03 % .
What we expect is the first scenario for upward move .
Good luck and safe trades.
Thanks for your support and comments.
USDT.D # 003 ( USDT.D stuck in decreasing Gann Arc channel ) Hello dear traders.
Good days .
USDT.D several time rejected from 0.75 Gann Square Arc Resistance and it stuck in decreasing channel. At important monthly Gann Square time Zone level it expected to within decreasing channel which is dotted reduced up beginning of 2024 .
Downtrend move is plotted with help of Gann Square and Gann box .
Good luck and safe trades.
Thanks for your support and comments.
USDT.D #004 RESULT ( Target reached & next move ) Hello dear traders.
Good days.
USDT.D Target reach to the level and next move will explain .
we expect in previous analysis to move downward with in channel and will not broken Weekly Gann Arc resistance , but after broken Arc resistance it get support from Weekly Gann Square fan trend line . Retest Fan trend line and now ready to try broken Gann Arc resistance.
With increasing USDT in market we can say BTCUSDT will have correction .
Good luck and safe trades.
Thanks for your support and comments.
#usdt dominance #usdtd is preparing a bounce assault?After losing the bullish triangle and #btc pump, #usdt dominance lose weight. But, now USDT.D formed a falling channel that would possibly break out upwards. If #usdtdom breaks up, this will be a blood bath for #cryptocurrencies. If, #tether dominance breaks down and dumps out of channel this will be a rally for market (the invalidation scenario). First one is more probable for now, we' ll see.
NOT FINANCIAL ADVICE. Don' t take positions due to my posts.
USDT DOMINANCE: IMPORTANT UPDATE.USDT Dominance Update:
The USDT.D is struggling to make a bounce back and it is constantly hitting the support line. This is creating a critical situation for the dominance because if it breaks down below the support level then a further fall will follow up. This will lead the market to turn more bullish both in the short and long term.
It will be good to see the dominance breaking down the support level but until and unless it is holding the support, we cannot assure a bullish move in a shorter TF. The best thing will be to wait for the breakdown to go long with leverage. Until then hold your horses.
I hope this update was helpful.
Thank you for reading and trade safely.
BTD.D & USDT.D -----> What's Happening?As I said before, I will say again that the market will always give you another chance to buy and there seem to be signs for this second chance.
Possible scenario for me:
Pullback to the broken levels of dominance by Tether and Bitcoin in the coming days and try to collect liquidity from the market and stop hunting small traders like me!
Then the return of dominance and the price of Bitcoin to the upward trend of the past .
and activating stop losses of positions in the opposite direction and possible shorts again!
What do you Guys Think about Btc.d and Usdt.d?
USDT DOMINANCE IN HOURLY TIMEFRAMEUSDT Dominance Update:
We have been analyzing the USDT.D in a bigger timeframe. Today, let's bring it down to the hourly timeframe.
In this one-hour TF, the USDT.D is currently trying its best to push the dominance in an upward direction. With the support at 6.74%, it is most likely to see the USDT.D bouncing back but maybe not up to the resistance trendline. At present, BTC and other altcoins are making green rallies, and soon a correction is required to balance off the market.
On the bullish side, in order to continue the green rally, the USDT.D must break down below the supporting trendline.
I hope this information was helpful. Thank you for reading and trade safely.
USDT DOMINANCE: A CLOSE CALL.With the market turning green, let us not forget to keep an on the USDT dominance.
As you can say by looking at the chart the USDT.D had some solid reds which helped the market to stay green. This drop-down is getting closer to the supporting trendline which could be a threat for BTC and the market. A bounce back from the support or close to the support could breach the positive momentum of the market.
What do you think about the USDT dominance?
Thank you for reading.
Trade safely.
#usdt #tether dominance is going crazy (Mid/Long Term Strategy)#tetherdollar dominance in market is slightly following uptrend channel since end of 2021. Weeks ago started form a bullish flag. I highlighted the target on the chart. When it reaches the the target (in mid / long term in 2024 I think) the altcoins will already had a long blood bath.
NOT FINANCIAL ADVICE. DYor.
USDT D - will it crash?#USDT.D currently holding on 200 ema support on D TF
I am not sure if it will manage to stay on that level long.
I expect to see another dump towards to orange line that you see on the chart or 7,14% level, where either it will pump or bears will take the control and USDT.D will continue dumping towards to 100 ema support on W TF.
If the dominance will dump fast - it will mean that pretty soon we may expect the bounce of it, which will lead another dump in the market.
Keeping an eye
USDT DOMINANCE UPDATE YOU CANNOT MISS.Greetings, fellow traders,
I'd like to present a significant update regarding USDT dominance within a 2-day timeframe.
Recently, USDT.D has been exhibiting an upward trend, nearing the white resistance trendline at 9.5%. This development could potentially trigger concerns within the cryptocurrency market, affecting both BTC and other altcoins. It's worth noting that this particular resistance trendline has previously rejected USDT.D on three occasions.
Furthermore, there's a yellow dotted trendline where the dominance is encountering resistance. While the weekly trendlines appear somewhat distant, an intriguing observation arises.
USDT.D has the potential to reach 9.5%, which represents an increase of approximately 16% from its current level. However, a deeper analysis of the weekly trendline reveals that USDT dominance has been on a downward trajectory since June 2022, failing to reach the weekly support trendline during this period. Consequently, there remains a possibility that the current level may serve as a point of rejection rather than a sustained rally.
Key Points to Consider:
1. A modest resistance level at 8.2% exists, and a rejection is conceivable.
2. A formidable resistance barrier is situated at 9.5%.
3. The RSI indicator has already entered the overbought zone.
I trust you find this update valuable, and I extend my gratitude for your readership.
Trade with prudence and take care.
Best regards,
Team Dexter