USDT DOMINANCE UPDATE.
The current level of USDT dominance stands at the support level of 7.2%. This suggests that there is potential for a rebound in dominance. Upon comparing the charts of BTC and USDT.D, we observe that BTC is currently facing the FWB:31K resistance in the daily timeframe, while USDT.D finds support at 7.2%. This suggests a higher likelihood of BTC experiencing a decline and USDT.D witnessing a bounce back. However, it is important to note that no outcome can be guaranteed with 100% certainty, and it is prudent to await the closure of the candle for confirmation.
Key points to consider are as follows:
Support: USDT dominance at 7.2%.
Invalidation: USDT.D would invalidate the bounce back scenario if it breaks down below the 7.2% support level.
I trust this update has been informative. Wishing you safe and successful trading endeavors.
Best regards.
Usdtd
📈 A Year Long Head & Shoulders Pattern & Volume SignalLooking at USDT.D short-term we can see lots of weakness.
Looking at USDT.D long-term we can see a pattern of decreasing volume.
We have a year long Head & Shoulders pattern, a huge pattern, that will lead to a massive crash on this index, money will flow from this and other stablecoins to Bitcoin and the Altcoins as the Cryptocurrency market grows.
This long-term volume dropping pattern tends to precede a massive crash.
If you notice Bitcoin and many Altcoins, their volume lately has been up to All-Time Highs.
Since these are growing, their volume hits new highs and continues to go up (in 2023).
Since Tether Dominance is set to shrink, its volume continues to go lower and lower until there is a breakout and the bearish volume has a strong increase.
Let me show you three examples using some of the biggest exchanges.
Here is Bitcoin's volume long-term on Binance | BTCUSDT (see the increase)
Volume is going up, while USDT.D volume has been going down.
On KuCoin volume has been growing since 2020
Coinbase is the same...
Just some examples, because the dropping volume on the USDT.D chart is pretty obvious.
Namaste.
USDT Dominance Downward from supply zones 👀 USDT.D Hello my friends, Consider USDT market cap to help identify crypto market movement, Everything is marked on the chart. Weakness in trend and supply zones ahead.
Good luck.
If its useful please like it as a support and follow me for next analysis :)
.
Salam doostan aziz, USDT.D ro baraye komak dar tashkhis jahat harkat market crypto dar nazar begirid. hame chiz rooye chart baraye shoma moshakhas shode. za'f dar ravand darim va 2 nahiye arze dar pishe ro.
moafagh bashid.
like va follow faramoosh nashe :)
Usdt.d(based on NEo wave)There is 2 possibilities for theter dominance.
In both we are in a big triangle and this is the end wave.
This is a first way of it
It is on aa first branch of wave E and this branch is diamond diametric. This correction can continue for the up trendline of triangle. By crossing the down trend of triangle we have a confirmation for a party on crypto market.
USDT DOMINANCE: A HIGHER MOVE POSSIBLE.The USDT dominance has recently made a jump from 7.7% to 8.4% and this jump could go even higher up to 9.2% according to this 3-day TF analysis. The pattern that USDT dominance is forming here is a typical rising wedge pattern that is technically bearish.
This signifies two major scenarios for BTC-
1. In the short term: We may see another drop in the market from $22k to $23k.
2. In the long term: A breakout above the $30k resistance and then a new rally with new support and resistance.
Conclusion: Be extra cautious with your leverage trading. You can scalp trade but always use SL cause one big dump and all your gains will vanish. For spot holdings, BTC at around $22k will be a sweet spot.
Trade safely.
TETHER DOMINANCE brief gain 💣🚀Hello 🐋
Based on the chart, the price is close to the support area and parallel channel support ✔️👌
if
the price doesn't break the support zone to the downside, we will see brief gain again 💣🚀
and
in long time more correction expected 💣🚀💣
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
USDT DOMINANCE: WHAT WILL HAPPEN NEXT?Hello traders, welcome to this USDT dominance update in a daily timeframe.
If you have followed my previous update then you will know what I was trying to indicate. The USDT.D has reached the resistance level and currently, we can see some signs of rejection. This could end up good for BTC and other altcoins but only if we see a rejection and close below 7.25%.
Key points:
1. Rejection from 7.7% resistance.
2. 21 MA & 7.25% support level.
3. Mid-term rejection up to 6%.
I am expecting rejection in USDT dominance in the upcoming days. Do share your thoughts and ideas in the comment section.
Thank you and trade safely.
TETHER DOMINANCE brief gain 💣🚀Hello 🐋
Based on the chart, the price is close to the support area and parallel channel support ✔️👌
if
the price doesn't break the support zone to the downside, we will see brief gain again 💣🚀
and
in long time more correction expected 💣🚀💣
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
TETHER DOMINANC even more gain expected 💣🚀Hello 🐋
as I mentioned in my previous analysis 💣🕶️💣
the price hit the target, and we saw more gain 💣🕶️💣
and
now we expect brief gain again 🚀
and
in long time more correction expected ❌🧨
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
USDT DOMINANCE: REJECTION EXPECTED.Hello traders, I hope you all are doing well.
Here's a quick update on the USDT dominance update in a daily timeframe. The USDT.D has reached the resistance level and now we can expect a rejection straight down toward 6%. We still have the 7.25% support level which might hold the dominance for some time. If the rejection happens then BTC and other altcoins will have room to rally.
The invalidation point will be the breakout above 7.8%
Trade safely, guys.
USDT DOMINANCE: A POSSIBLE MOVE TO 7.8%Hello traders, here's a quick update on USDT dominance in a daily timeframe.
The USDT.D has been moving forward slowly and steadily and as the trendline was set a long time back, the 7.8% resistance level is quite possible. This means either this week or by next week, the USDT dominance might possibly reject. All we need is the dominance not to break out above the 7.8% level or else it will be a big threat to the market. With BTC, If the USDT.D reaches 7.8% then BTC might drop further toward $26.6k.
Key points:
1. Breakout above 7.8% will be an invalidation point for the rejection.
2. 21 MA, still a good support for the USDT.D.
That's all for now. Trade safely.
USDT DOMINANCE: 21 MA SUPPORT.The USDT Dominance has surely been rejected by the horizontal resistance line at 7.25% but 21 MA is not giving up so easily. It is acting as a support for the USDT.D. All we need to see is whether the 21 MA can hold the dominance or not. A further drop will bring the USDT.D close to 6.3% and if bounces back then 7.7%.
I hope the daily close on the dominance will bring some confirmation.
Trade safely.
📈 Tether Dominance | Long-Term Lower Highs Bearish ConfirmationTether Dominance has been fighting to stay above EMA50 weekly since the year started, January 2023 and things aren't looking good for this index.
✔️ When Tether Dominance (USDT.D) goes down, everything Crypto (Bitcoin + Altcoins) goes up.
Tether Dominance closed last week above EMA10/21 just to be pushed lower once more, EMA50 working as support.
The longer a support level is challenged, the weaker it becomes.
Four and a half month EMA50 becoming weaker and weaker...
Since June 2022 we get lower high after lower high... Confirming the bears have the upper hand or else we would be seeing higher highs instead.
There are more bearish signals:
Trading volume keeps going lower and lower.
The RSI continues moving lower and lower, now below 50.
Bitcoin has one more bullish wave to give and we have an inverse relation between these...
It is the same chart, the same pattern we've been looking at now for many months... USDT.D peaking and consolidating before the next drop (distribution).
The longer it takes to break down, the stronger the drop when it comes.
It is very hard to invalidate this chart setup...
We would need to see a weekly close above 8.25%... So far it continues looking red.
This is confirmation. A bullish signal for Bitcoin and the Altcoins.
Thanks a lot for your continued support.
Namaste.
USDT.D🔵🐇 💵 #USDT.D | 1 H
🪄Usdt.d Based On Fresh Liquidity and Order Blocks and Structures
📍There are two area for usdt.d short term reaction
and making a bullish temporary pivot
Watch out
Usdt.d Move Opposite of Bitcoin
#eth #btc #bitcoin #ethereum #cryptocurrency #crypto #Trade #trading #Invest #Trader #Signal #forex #Scalp #altcoins #chart #RTM #ICT
@Aliceinmoneyland
TETHER DOMINANCE more gain 💣🚀Hello 🐋
Based on the chart, the price is close to the support area and parallel channel support ✔️👌
if
the price doesn't break the support zone to the downside, we will see brief gain again 💣🚀
and
in long time more correction expected 💣🚀💣
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
USDT DOMINANCE BOUNCED BACK.The USDT Dominance bounced back strong which lead BTC and other altcoins to drop pretty badly. If the USDT.D continues to make more greens then we can expect a further drop in the market. As this chart is on a daily timeframe so we can expect some fluctuation in the hourly timeframe.
For now, I am staying away from leverage trading and trying to accumulate more on spot.
USDT DOMINANCE: STILL MORE ROOM FOR A DOWNFALL.Hello folks, welcome to this daily update on USDT dominance.
We have seen a significant drop in the USDT.D recently, resulting in a good rally for BTC and other altcoins. Looking into this daily chart, I am analyzing more downfalls in the coming days. With the dominance currently at 6.63%, I am expecting it to drop close to 6.25% which means, BTC and other altcoins have still some more room left for a green rally.
Also, we need to be careful here because BTC has a strong resistance at around $30k to $33k. If we compare these two charts side-by-side, it is most likely possible that the dominance will drop to 6.3% and BTC will rally close to BER:33K and then a correction to cool down the situation.
This is my observation as per the analysis. You might have a different POV so do not hesitate to write it down in the comment box.
Thank you for reading this update. I hope this will be helpful for you to make better trading decisions.
Trade safely.