📈 Tether Dominance Points LowerUSDT.D bounced from 2-Feb. to 14-Feb. finding resistance at EMA50 and producing a lower high.
EMA50 has been confirmed as resistance and this lower high will now lead to a lower low.
USDT.D is set to drop based on this MA analysis.
Also, the RSI is below 50 which is bearish.
The MACD below zero while printing a bearish cross.
These additional signals support a lower low.
As USDT.D goes down, Bitcoin and in this case the Altcoins mainly will go up.
Remember that just as the big Altcoins take turns with the smaller Altcoins, Bitcoin takes turn with the market as a whole.
Namaste.
Usdtd
USDT DOMINANCE: BE CAREFUL.Hey guys, a quick update on the USDT dominance.
We are a few hours away from the weekly close and we can literally see where the market is possibly heading. With the USDT.D bouncing back from the support line and BTC at the resistance, I would highly suggest staying away from leverage trading for now and wait for the market to cool off. If the bounce back is so good to be true then we can expect the USDT.D to reach close to 7.2% resistance. If not then 6.4% is good support for the dominance.
I will surely post some trade setups (short/long) if the market condition is good. For now, just relax and enjoy the weekly closing. It's the weekend, so have some quality time with your family and friends.
Let me know if you are stuck in any trade or have queries related to the market. I won't guarantee the solution but yes, I will surely help with my best knowledge.
Thank you ready and God bless.
USDT DOMINANCE: CLOSE TO THE SUPPORT LEVEL.USDT Dominance update:
The USDT.D got rejected from the resistance level of 7.25%. This rejection helped BTC and other altcoins to make a bullish rally in the market. We may possibly see some more rallies in the market but it is always wise to book profits, wait for the correction, and most importantly do not FOMO.
According to this 6 hours chart, a bounce back on USDT dominance is likely possible and we may see rejection in BTC and other altcoins. The only invalidation point for the dominance will be a breakdown below 6.33%.
I hope this idea will be helpful for you. Please support my community with your likes, comments, and share options.
Thank you for reading. Trade safely.
USDT.DOMINANCE 1HOUR UPDATE !!Hello and welcome to this USDT.DOMINANCE chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:- Looking at the dominance of USDT it looks like a 6.66% to 100ma scheme which could fall to 6.41% if 100ma dominance is broken and closes above this chart it will be invalid.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
📈 Tether Dominance Resistance EverywhereWe are seeing a small bounce taking place on the Tether Dominance chart matching the current red candle in Bitcoin's and Ethereum charts... As well as everything else since the entire market is connected and does the same.
Tether Dominance already found the first resistance at EMA10, this is the easy short-term one.
Notice the bearish cross between EMA50 and EMA100. A bearish cross always leads to a bounce short-term but fully develops mid-term.
A bounce that ends up in a lower high to produce a lower low. This is strongly bullish for the entire cryptocurrency market.
We saw this same signal to support a bounce on the Tesla (TSLA) chart.
After EMA10 we have the 0.618 Fib. retracement (strong resistance).
Followed by MA200, long-term support turned (strong resistance).
Then the bearish cross is another strong resistance level.
Finally, the 0.382 is a major strong resistance.
Tether Dominance is set to continue lower, regardless for how long or how high goes the bullish break.
It is normal to see corrections and retraces, it is also normal to see a continuation of a newly stablished trend.
Namaste.
USDT DOMINANCE: HOVERING CLOSE TO THE SUPPORT LEVEL.Hello traders. Here's an essential update on USDT dominance in a daily timeframe.
The USDT dominance has been currently holding 6.5% support. With the candle neither going up nor down, it has given good gains to BTC and other altcoins. I can say that it is a good opportunity to make some profits but at the same time, we need to be careful as well. Until and unless the USDT.D is above the support 1 level, a chance of bounce back is possible. The RSI is a clear indication of a bounce back. If the dominance breaks down below the support 1 level then we can expect it to reach the support 2 levels at 5.8%.
IMHO, a major correction is waiting in the market. Let's see how this week will treat the market.
Thank you for reading. Trade safely.
📈 Tether Dominance Trading Below MA200 Favors The BearsThis is a long-term chart for USDT.D (Tether Dominance)... Notice the black line, MA200.
Back in late December 2021, Tether Dominance moved above MA200, this signaled the beginning of a long upwards trend.
This also confirms MA200 as a long-term indicator.
Recently, 13-January-2023, Tether Dominance moved decidedly below MA200, signaling a long-term potential going lower.
As USDT.D goes lower, Bitcoin/Cryptocurrency goes higher.
If it goes lower long-term, crypto goes higher long-term.
Thank you for reading.
Namaste.
USDT Dominance Breakout ascending trend line. USDT.DHello my friends, Consider USDT market cap to help identify market movement, Everything is marked on the chart. The ascending trend has been broken and for now I expect a retest as pullback to 7.8% then it drops to 5.5%.
Good luck.
If its useful please like it as a support and follow me for next analysis :)
📈 Tether Dominance Goes Below SupportWhile a bounce was expected at the 0.618 Fib. retracement for USDT.D, it didn't take place.
After the close below this level 14-Jan., confirmation has been received with two additional candles/sessions staying below.
The RSI has gone super weak... 17, extreme oversold.
It is tricky here... As you can see from late October/November 2022, going below a support level can quickly result in a bounce.
Something similar can happen here where we see prices going up just to come crashing back down.
What's important to know for us is that any recovery should be temporary and then a lower low.
It can go straight down as well...
Namaste.
📈 Tether Dominance Weekly | July 2022 RepeatThe weekly candle is full bearish for USDT.D and we have some interesting data to analyze.
Tether Dominance is staying right above support in the form of a 0.618 Fib. retracement level.
The weekly candle closes in about 30 hours.
Looking back at July 2022, this exact same level was tested. As USDT.D broke below it, what followed were four red weekly candles (28 days) that ended up testing the 1 Fib. retracement.
We have the same scenario now.
The weekly session is about to close right above support, this happened last time but only to be followed by strong bearish action.
The RSI is in scuba diving mode and we have a volume breakout on the bearish side.
A bounce can happen at support, this is normal... But the signals are pointing lower, clear and strong.
The next targets are 6.45% and 5.65% which would mean a Bitcoin price of $23,000 to $25,000.
Namaste.
USDT DOMINANCE: BROKEN DOWN BELOW THE SUPPORT LINE.Hello traders, The USDT Dominance has finally broken down below the support line in the weekly timeframe. This has been a long-awaited breakdown and finally, it's happening. Still, it needs another confirmation and that is a breakdown and close below the 21 MA. If this happens to be true then we can expect the USDT.D close to 5% which is going to be a huge deal for BTC and other altcoins. Another possibility is the 'kiss of death' move toward 8.32% and then the final drop.
This is my analysis for now. Let's see how it will play out.
Thank you for reading. See you in the next update.
Trade safely.
📈 Tether Dominance, The Final ConfirmationIncredibly enough, some people still have doubt that Bitcoin and the Altcoins will continue to grow.
Here is the final confirmation in the form of a strongly bearish USDT.D chart.
Remember that one mentioning this thing is about "to speed'...
Well, this "thing" has more down to go before it finds support.
At least one more strong red candle, then a small bounce before more lows.
Namaste.
USDT DOMINANCE: ASCENDING TRIANGLE.Hello guys, here's a quick update on the USDT dominance in 2 days timeframe.
The USDT dominance is under an ascending triangle pattern and traditionally this pattern is a bullish pattern. However, breaking out above the resistance trendline isn't something that we wanna see in the dominance. The USDT.D has so far managed to hold both support and resistance levels. With the recent price level close to the support line, things look pretty skeptical. If the dominance bounces back from this support line then we may possibly see a major dump in the market. Rejection below the support line or 7.84% will be a good thing for the market.
Trade safely.
📈 Tether Dominance Chart Updated | USDT.D 7.08% = BTC $20.5KNow that we have a clear picture, now that the bearish bias is basically confirmed... Let's update the chart.
Tether Dominance will drop and we have targets at 0.5 Fib. retracement coinciding with MA200, a sure stop, followed by 0.618 Fib. retracement golden ratio coinciding with value area.
Now, how much would bitcoin grow if USDT.D falls to these levels?
Bitcoin is sitting right now at $16,950 and a drop by USDT.D to the first target of 7.53% would put bitcoin in the $18Ks.
The next target, the Fib. retracement golden ratio, sitting at 7.08% of Tether Dominance, would put bitcoin above $20K....
And that is only the beginning, we are looking at a long-term bearish wave for USDT.D based on the long-term lower high.
Which means that bitcoin can do much more... But we go step by step, this is only how things start.
Namaste.
📈 Tether Dominance Speed...The drop here is about to speed up, the one we mentioned in the last update/trade idea, and additional confirmation is coming in.
12H, USDT.D printed a strong rejection while trying to move back above EMA10 and EMA21
This rejection pushed the index down to below EMA50 as well and the RSI is turning weak.
A sudden drop is about to take place... We don't know if it happens within hours or several days.
As soon as it happens though we can see the inverse reaction for bitcoin, the altcoins, to take place.
A nice jump, everything will move up 1 full level... The relief that we've been waiting for.
Thanks a lot for your continued support.
Feel free to Boost 🚀👍 if you like!
Namaste.
📈 USDTD Bearish Wave! +Bitcoin +Altcoins +2023 & Beyond Mapped!The wait is over...
We are getting confirmation from this chart, the Tether Dominance bearish wave is about to start and likely it will go fast.
USDT tokens will be flowing to bitcoin and the altcoins.
Bitcoin and the altcoins will grow together for a while.
Bitcoin will go ahead after a few weeks while the altcoins stay behind.
Bitcoin will steal the show for a while.
While bitcoin moves ahead the altcoins will enter correction mode/retrace.
Once the altcoins stop their correction it will be bitcoin's turn.
The altcoins will print a higher low and grow, money flowing from bitcoin to the altcoins.
This will create momentum, there will be hype and new players will enter the game.
It will be a small bullish breeze but it will stop once again.
Around March, late... We will be back to the energy/feelings we had in 2021 for 3 long months... It will feel like the end of the world but at the end there is always a new start.
My calculations are pointing to 2-3 months bullish followed by 3-4 months bearish...
Then another consolidation phase at low/bottom prices before the next market phase starts.
2023 will be an interesting year...
The year Crypto Recovers.
2024 will be an interesting year...
The year Crypto Grows.
2025 will be an amazing year...
The next Crypto Bull-Run!
Namaste.
new analysis It's really hard to explain this
but we have a slight downpour, and then about 1 month to 45 days the market is bullish, and the altcoin will grow between 100 and 1000%, currencies with high market caps like Ethereum 100% and currencies with low market caps up to 1000%,
and then we have a terrible fall that many currencies will be destroyed
if you like analysis with me. Join me and make a profit to message me or comment
I put 7 new analyzes I will let you see all the analysis to pay attention to the analysis dates and do not harm
💥USDTNGN - TO RALLY ABOVE 760 OR DROP TO 730NAIRA is currently indecisive with CMP sitting at 751.8 per dollar. A breakout from this triangle to confirm Naira next direction.
An upward breakout above the resistance zone toward 760 will make NAIRA super bullish to 777 and 800.
A downward breakout will drop price to 735 or more.
What do you expect?🤔
An upward breakout or a drop??
Not a financial advice 🙅🏼♂️
Share your opinion in the comment section✍️
Please support this idea with a 👍 if you find it useful😋
Happy Trading💰💵💸
USDT DOMINANCE: MIGHT GET REJECTED.Hey guys, here's an update on the USDT dominance in 8 hours timeframe.
The USDT.D is currently on the verge of getting rejected from the resistance level. Still, we have possible support at 8.5% which may push the price above the resistance trendline. If the dominance gets rejected below the support level then I am expecting a strong rejection soon.
Key points:
1. Rejection from the 8.8% resistance.
2. Possible support at 8.5%.
3. Expected rejection to 7.8%.
Let me know your thoughts and ideas in the comment section.
Thanks for reading.