USDT DOMINNACE: PERFECT BOUNCE.USDT Dominance Update:
A perfect bounce as you can see. Damn! I did not see this trendline coming. The USDT.D is rallying up and we can see the opposite reaction on BTC and other altcoins. If this bounce is so good to be true then we may see some more dumps in the market.
I hope you guys followed my BTC update and acted accordingly. Congratulations to those who shorted the market and those who are in loss, if the loss isn't heavy just get out but if it is huge then bear with it.
That's it from my end. Trade safely.
Usdtd
USDT.D CONTINUATION BAD FOR CRYPTOUSDT.DOMINANCE CHART
Weekly and Daily timeframe Symmetrical Triangle in play with target as shown just past the Range High at 10%.
Not good for crypto because going above the blue line 0.382 labelled above market = Chaos.
RSI printing Bullish Divergence.
I also believe we are in the 5th Impulsive Elliot Wave with blow off top, followed by an ABC Corrective Waves.
It is just an idea but if it plays out very bearish for CRYPTO.
USDT DOMINANCE: BREAKDOWN OR FAKE DOWN?Hello traders, here's a quick update on USDT Dominance in a lower timeframe.
Timeframe: 3 hours.
Preview: In our previous update, we discussed about the dominance possibly reaching the resistance level but instead, it got rejected halfway.
Update: Recently, the USDT.D have broken down below the lower support level. If this is the actual breakdown then we can expect the USDT.D to drop up to the 7% level. But if it is a fake down then the USDT.D will probably push back inside and will rally towards the resistance once again.
Conclusion: All I am saying is the market looks tricky here cause the candles and the RSI are telling different things. Also, BTC and other altcoins are hitting the resistance but the dominance is breaking down below the support. If BTC and other major altcoins surpass the resistance level then we may take it in a bullish term but as I said, coins reaching a resistance level with RSI close to the overbought zone have a higher tendency to reject.
I may be wrong or maybe right but this is what it is. Do your research wisely.
Let me know your thought on this in the comments section.
Thank you and trade safely.
#USDT.DOMINANCE 12HOUR UPDATE BY CRYPTOSANDERS !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
DOMINANCE UPDATE:-USD dominance is forming a symmetrical triangle pattern and the upper train line is in support of the 21ma upside breakout, which could dump BTC and altcoins
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
USDT DOMINANCE: A DROP LONG PENDING.Hello guys, welcome to this USDT dominance update. This will be a continuation of the previous update.
Preview: In our previous update, we talked about the rejection of dominance. It did get rejected but the same thing happened again, the 21 MA held the distinction to drop any further.
Update: In the recent move, it looks like the USDT.D is serging to rally higher. As I said, rejection is long pending and if this bounce is good to be true then the dominance may possibly reach the 8% range and then get rejected. Another possibility could be a rejection from the present price level but only if the dominance shows some weak hands.
Impact: If the USDT.D rallies, the market will drop and vice versa.
That's it from my end. I hope this update will help you with your trades.
Thank you for supporting. God bless and trade safely.
TETHER DOMINANCE correction from the resistance area ❌🧨Hello 🐋
Based on the chart, the price is close to the resistance zone ✔️👌
if
the price doesn't break the resistance zone to the upside, we will see more correction to the downside ❌🧨
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
#USDT.DOMINANCE 4Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
USDT.D UPDATE:-USDT.D if reject from 7.53% we can see 6.41% to 6.36% if dominance jumps from 7.53% to 7.70% and 7.81% then we reject to 6.38%
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope 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 CRYPTUSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
DOMINANCE UPDATE:-USDT.D is moving in a rectangular chart pattern and moving towards its horizontal resistance. If it breaks above horizontal resistance with a candle close above it, then that would indicate an upside move.
Another possible scenario is a rejection from horizontal resistance and that would be the indication of a downward move. We must keep in mind that USDT.D works opposite to the crypto market and as there is indecision in the market, so better to play level to level with tight stop losses.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
USDT DOMINNACE: ALL I CAN SEE IS A REJECTION!Hello guys, here's a quick update on USDT Dominance in 6 hours timeframe.
This is going to be an interesting one.
Preview: In our previous update (link in the description), we saw how the dominance broke down below the support level but then again quickly push back in.
Update: This pullback was swift enough to reach close to the upper resistance trendline. From this level, all I can see is a rejection, and this time, I believe it will be a strong one. We may have some higher rallies in the dominance and the market may turn red again but it won't be for long as the Rektember is getting over and the Accutober is coming in, I guess the bulls will turn the table soon.
RSI: The RSI shows some weak hands on the USDT.D as it is forming a bearish divergence pattern.
Key points:
1. 7.88% to 8% resistance level.
2. We are at the end of the 3rd quarter.
3. The beginning of the 4th quarter is at the doorstep.
4. BTC at the $18k support level.
That's it from my end. If you have something to add then feel free to write it in the comment section.
Thank you for all your support and love. We are reaching 1k members soon on Tradingview.
God bless and trade safely.
USDT DOMINANCE: BREAKING DOWN.Hello and welcome to this USDT Dominance update, guys.
This is an important update, so read it till the end.
Preview: In our previous update, we discussed how the yellow dotted line holds good support for the dominance and now finally it is breaking down.
Update: This breakdown is good for the market but we need to keep in mind that, it won't be easy for the USDT.D to drop down towards the lower support level. For now, this big red candle helped the market to push a bit forward. If this breakdown is so good to be true then the market will be good for the bulls.
If you follow me on various platforms then you must know that we have made good profits in our recent trades. Congratulations to all who took the trades.
I will post more ideas later. If you have any thoughts and ideas or want me to share altcoin charts then do share them in the comment section.
God bless.
USDT DOMINANCE: BOUNCE BACK.Hello every one, here's an update on USDT Dominance in the same 2 hours timeframe.
Preview: Previously, we discussed dominance making a double top, and having a higher chance to get rejected. Well, the USDT.D did get rejected making a double top. It got rejected close to -7% and currently bouncing back right from the yellow dotted support line.
Update: This support is the exact support level from where the dominance has bounced not only once or twice but thrice and this is the fourth time that the dominance is bouncing back. If this bounce is good to be true then I am expecting a triple top soon if not then the USDT.D have to break down below the support line to be bearish again.
What are your thoughts on this? Do share your ideas in the comments.
Thank you for your support. It means a lot.
God bless and trade safely.
USDT DOMINANCE: DOUBLE TOP PATTERN.Hello traders, this is USDT Dominance.
According to our previous analysis, it broke down below the supporting trendline but then again pull back and currently getting rejected from the resistance level. It is forming a double top pattern which is a bearish pattern. If this chart plays out well then we will see a good green rally in the market.
We will update more on this later until then trade safely.
USDT DOMINNACE: WHAT IF???Hello and welcome to this USDT Dominance update in 3 hours timeframe.
This is a follow-up to our previous dominance update.
Update: In our previous update, we saw how the dominance got rejected by the resistance. After zooming in, we can see a nice rising wedge pattern in the USDT.D which technically needs to get rejected. The only thing that is holding the rejection is the 21 MA which is quite strong.
Talking about the 'What If?' situation, we have two scenarios-
Scenario 1: What if the USDT.D don't reject and bounce back higher? If this scenario takes place then we may see a double top and then a rejection.
Scenario 2: What if the USDT.D gets rejected all the way to 6.6%? This means we will see some good green rallies in the market.
Well, the upcoming few hours will decide the direction of the market. Also, we have the FOMC meeting today at 8:30 AM UTC so let's be extra attentive.
I'll see you guys in our next update until then trade safely.
🔴 USDT.D - 1D (21.09.2022)🔴 USDT.D
TF: 1D
Side: Short
Pattern: Rising Wedge
SL: 8.03%
TP 1: 7.23%
TP 2: 6.92%
TP 3: 6.68%
TP 4: 6.43%
This is my idea on USDT.D over the next couple of weeks.
After so much growth, I think it will go down a bit to reset the RSIs.
This means Crypto can have a relief rally before continuing down.
USDT DOMINANCE: RISING WEDGE.Hello traders, let's read a quick update on USDT Dominance in 6 hours TF.
USDT.D has recently formed a rising wedge pattern and currently getting rejected from the resistance. If this resistance is good to be true then we may expect a drop toward 6.62% support level, nearly a 10% drop. This drop will be enough to bring some green rallies to the market.
Keeping a close eye on it. Let us see how it plays out till the daily close.
Trade safely.
USDT DOMINANCE: A REJECTION.Hello traders, I hope you all are doing well. Here's a quick update on the USDT dominance.
Timeframe: 12 hours.
Recap: In my previous update, we talked about the USDT.D forming a symmetrical triangle pattern in a daily timeframe. Well, looks like the dominance is leaning towards the downside.
Update: In this 12 hours timeframe, we can see a rejection taking place from the 7.2% resistance level. If it is an actual rejection then I am expecting the dominance to reach down to the lower support level (5.8%). This means a good rally in the market.
We still have 1 hour left for the daily close so, we will wait for that before jumping to any conclusion. This daily close will be interesting to watch so keep a close eye on it and be prepared for some action.
I hope this idea is helpful to you. And as always, thank you so much for your support.
God bless and trade safely.
#USDT.DOMINANCE 30M UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
DOMINANCE UPDATE:-As we see the Bart pattern forming in the Dominance, the Dominance suddenly dumps and we see bearish RSI in the Dominance, so here we expect the Dominance to Dump. What do you think in the comment section? Tell me
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
USDT.D inverted head and shoulders#USDT.D
The dominance of USDT is inside a descending channel, and below the upper line of this channel.
also as you can see it shaped an inverted head and shoulders.
🐮 the neckline of H&S pattern is the same with upper line of channel, so breaking out from this resistance can increase dominance toward resistance zone around 8.5%, that will cause more fall in crypto market.
🐻 rejection from upper line of channel can reverse the short-term trend and possible to drop to lower line, and as you know this move will cause reversal in crypto market and crypto will move upward.
SECRETS the USDT.D chart can reveal - Crypto Bullish or Bearish?Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's video analysis, I share with you the SECRET of the USDT.D chart, that otherwise seems irrelevant in predicting the ENTIRE crypto market direction... right? Watch this video to find out what the USDT chart can reveal about the general trend of Bitcoin and altcoins / TOTAL cryptocurrency market cap. I also use one of my favorite technical indicators, the correlation coefficient.
Now , you might wonder, why are market caps relevant? In general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. For this reason, market cap is often regarded as the single most important indicator for ranking cryptocurrencies. The market cap of a cryptocurrency is determined by the current price multiplied by the circulating supply.
The market cap of a cryptocurrency more or less reflects the popularity of a coin over a longer term and can reveal how much market participation there is in a specific asset.
Large-cap cryptocurrencies are generally considered to be safer crypto investments. These are companies with a market cap of more than $10 billion. Investing in coins with large market capitalization is usually a conservative strategy. These coins are likely to be less volatile than other cryptocurrencies but still more volatile than traditional assets like stocks. Mid-cap cryptos (think top 20ish altcoins) are more volatile but also have a lot more growth potential than large-cap cryptocurrencies.
Micro-cap cryptocurrencies are extremely volatile and considered a highly risky investment, even though they may sometimes have a lot of potential (short-term) growth. However, be aware that they may also crash, literally from one minute to the next. They are also popular for pump and dump schemes, and liquidity rug-pulls.
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CryptoCheck
USDT DOMINANCE: A DECISION TO MAKE.Hello traders, here's a fresh update on USDT dominance in the daily timeframe.
Recap: In my previous USDT.D update, I mentioned the bounce back from the 5.8% support level. The dominance did pull back but dropped back to the supporting trendline.
Update: Currently, in the daily timeframe, the USDT.D is under the symmetrical triangle formation. We all know that the symmetrical triangle pattern is always a decision pattern where the price either goes up or goes down depending on the condition. Therefore without complicating the chart, I would like to keep it simple for you all.
The key levels for USDT dominance:
1. 7.15% resistance level: If the USDT.D manages to break above 7.15%, things will not be good for the market.
2. 6.45% support level: If the dominance breaks down below it then the market will pump hard.
Therefore, it is important to keep your eyes wide open and trade with proper risk management.
I hope this idea is helpful for you. Thank you so much for your support.
God bless and trade safely.
USDT dominance continues to grow!Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Two weeks ago, I already published this chart, my expectations were for the breaking of the trend line, well, as we can see, we have successfully rebounded from it, which does not affect Bitcoin in the best way.
This chart shows that most players in the market hold their assets in Usdt and are not going to buy yet, or they are just selling and looking for the best moment to buy, most say that the bottom of bitcoin has not yet been found! And what do you think?
USDT DOMINANCE: WHAT IF???Hello traders, I hope you guys are doing well. Here's an update on the USDT dominance.
Timeframe: 2 days.
Update: The USDT.D is moving towards the upside and if it is good to be true then get ready for another dump in the market. There are three vital points that lean towards the bullish move in USDT.D:
1 . The USDT.D recently bounced back from its support level.
2. In 2 days TF, the dominance is above the 21 MA.
3. The RSI shows a hidden bullish divergence.
Until and unless, The USDT.D breaks down the 6% support level or we can say the supporting trendline, the market can't be positive. I am going to stick with this chart and observe it and also do some scalping in between.
What do you think about the USDT Dominance? Let me know your views and ideas in the comments.
Thank you for reading and supporting me.
Trade safely.