BTC & USDT.Dthis happens in the market, however I always say enter the market according to your analysis.
USDT.D trade ideas
Important USDT Dominance Update!The USDT Dominance is once again reaching out to test the resistance level.
As mentioned, USDT.D must stay below the 5.20% resistance level. A breakout and close above this will invalidate the market's ability to pump. On the other hand, a rejection will give room for the market to breathe.
There are 12 hours left for this daily candle to close, and the next daily candle must be rejected.
Trade safely.
Do your own research before investing.
Regards, Team Dexter.
#USDT
USDT.D Analysis - July 3 2024Following previous posts, USDT.D crossed below the indicated trendline and it seems it's retesting the trendline at the moment.
crossing above the trendline and the previous high can potentially lead to touching the dangerous level of 5.41% and the higher areas which is equal to BTC's drop below 56,500 level making 50,000 and 43,000 the possible targets!
let's not forget that Mt. Gox is distributing BTCs from many years ago, German Gov. is selling and today FED guys stated that there is no rush in cutting the rates and that they will take their time doing so!
as result market is experiencing sell pressure but BTC must not cross below 56,500 level otherwise things will probably become very ugly!
USDT.D 4HTether dominance also indicates a bullish market. If the daily candle closes above the specified range, this analysis will be invalidated.
USDT Dominance - When will the ALTseason begin?🌏 A new week, a new month, a new quarter, and even a new half-year start today, what a sacred day - Monday, July 01, 2024!)
And if you look at and believe the USDT Dominance chart, then in the coming days the vector of the crypto market by the end of 2024 may be decided.
1️⃣ Fix above 5.15% will mean the possibility of an increase to 6.30%-6.50%.
And for the altcoins, most of which are already lying below the floor, this could be natural selection and a death sentence.
2️⃣ Move of the USDT.D index towards 4.50% and below can give an alt-season - which many are waiting for, but few believe in it :)
Below the idea, vote on where you think the USDT.D will move in the near future.
And in the comments, write down the alt pairs you are interested in, and we will make new ideas for some of them
Key Resistance and Potential Decline in USDT Dominance!Key Resistance and Potential Decline in USDT Dominance
The chart shows a strong resistance level around 5.08%. USDT dominance has tested this level several times but hasn't been able to break through.
📉 Current Price Action:
USDT dominance is currently struggling to break past this resistance, shown by multiple rejection candles.
📈 Potential Movement:
If this resistance level holds, USDT dominance might drop towards the ascending support line. The chart suggests a possible decline, as shown by the black arrow.
🔻 Support Levels:
The ascending trendline below acts as strong support. If USDT dominance falls, it might bounce back from this level.
📊 Indicators:
The supertrend indicator on the chart shows a bearish trend.
🔍 Analysis Summary:
This analysis highlights the current resistance level for USDT dominance and the potential decline towards the support line. Keeping an eye on these levels can help anticipate market movements.
Stay tuned for more insights and detailed analysis!
USDT.D :Open a long position below 5.02, but it is not the main long. Correct this process, the main long is below 4.81.
Open shorts above 5.15 position
USDT.D looks Strong!So the USDT.D worked nicely as I depicted on previous chart of usdt dominance( related links).
The chart looks strong and there is possibility that we break above the blue line and continue higher to Full fill the Weekly FVG and reach to daily order block.it can cause significant bleeding of bitcoin and alts.Lets see how its gonna play out.
Always a Student!
USDT.D Analysis (8H) - June 29 2024During last week, the dump in BTC and the market, which was the result of Mt. Gox news, German Gov. selling BTC and war rumors, unfortunately caused USDT.D to cross above 5.11% level and market's bullish structure might have been affected, but there's still hope!
as it can be seen on the chart, USDT.D is currently in a critical zone: in order to see green days and nice pumps in Crypto again, two things must happen:
1- USDT.D breaking below the indicated trendline
2- USDT.D crossing below 4.70% zone
Otherwise, Crossing above 5.41% means BTC will drop below 56,500 low and there will probably be in intense sell pressure in the market and the possible targets for BTC shall be 50,000 zone and then 42,000 zone (the process of hitting 42,000 might take some 3-6 months to complete!)
As mentioned above, there's still hope but we need to be careful as well! #BTC #Bitcoin #Crypto
USDT Dominance UpdateWhat if the USDT Dominance pumps 6% from the current level? 👀
The weekly close is here so let's be cautious with our trades.
Do your own research before investing.
USDT DOMINANCE, shifting to the downside after almost 10 years!The market cap USDT dominance can be used to track the overall sentiment in the cryptocurrency market. When the dominance is high, it means that investors are more interested in holding Tether than other cryptocurrencies. This could be a sign that investors are worried about the volatility of the cryptocurrency market and are looking for a more stable investment.
Conversely, when the dominance is low, it means that investors are more interested in holding other cryptocurrencies. This could be a sign that investors are more confident in the future of the cryptocurrency market and are willing to take on more risk.
Based on our long term data metrics, USDT dominance index has shifted to the downside for the first time in almost a decade! This index has been tracked since January 2015, and it's the first time this has down shifted on it's annual trendline.
This major change in structure is already conveying the growth possibilities in the next few years going forward -- more crypto adoption, more wealth allocation for the crypto market and crypto becoming more and more mainstream in the general public in all shapes and forms even in lower tier countries.
This is also an indication of an exponential growth of the market in terms of valuation and growth in the next years ahead.
This chart should already give you an idea of the possibilities ahead.
It also means, that we're lucky to be in this era to have been witnessing this BIG SHIFT.
USDT.D spotted at 4.78%
TAYOR.
USD.D Forcasting (Update)Always and at all times. All events will occur in the chart.
Trend Prediction - USD.D Forecasting - Resistance and Support Lines
**** Yousef Sharafi ****
USDT as we get reaction on moving average and also one FIB level on usdt we can expect and wait for momentum candle if we lost 4.7% we can see pump in Bitcoin and Market
Have safe trade
okayy.... ALTseason ISSS COMINGGGGif you look at my page, I already made my prediction where the dominance will go up, but we deviated from this and now broke the channel. Dominance is also starting to fall, which is a sign of capital outflow to altcoins
Why bitcoin will be going upBitcoin is going to pump to new highs. Thats a fact BYBIT:BTCUSD.P
see you at 84k
USDT.D USDT Dominance 3DWhat happens if USDT dominance can't break through the resistance zone? If it can't break through, it's a good sign for the market.
However, if it breaks through the resistance, we will see more decline in the market.
USDT.D - Further downside for cryptoThe break of the purple line from my previous analysis confirmed a bullish trend for USDT.D which means downside for crypto in general.
The first wave up (A) has been corrected (B), and we´re now in an uptrend with initial targets at:
Gray resistance (5.6% zone)
100% ABC extension (5.91%)
Inside blue C, we are reaching the high of Green III, which after Green IV correction should take us back up.
Bitcoin Market Update - June 24, 2024Bitcoin's Weekly Candle closed bearish, opening at $66,676.88 and closing at $63,210.01 - a decline of -5.20%. This is Bitcoin's second negative close in a row.
Bitcoin Weekly Chart w/ Indicators
Volume Profile Analysis shows that Bitcoin has reached the bottom zone of the High-Volume Node we have been ranging in since achieving a new All-Time High in March.
A Low-Volume Node lies below us, stretching from approximately $60,823 to $52,581. As we have seen many times, price moves quickly through Low-Volume Nodes to seek liquidity in High-Volume Nodes. Thus, a descent into the LVN would shatter any expectations of support until the $52,000 zone.
There are small bumps within the Volume Profile, giving potential Take Profit Targets for short positions or potential bounce zones for quick counter-trend Longs at $59,210 and $57,025.
Price is currently testing the Weekly 21EMA, which served as Support on our last encounter with it the week of April 29th. Following that test, Bitcoin was able to rally approximately 27% to form a higher low within the range.
The Weekly Volume Delta Indicator also shows that while Sell Volume has been and is still dominant, that Delta is decreasing, meaning that Buys were more prominent last week than the week prior. With a fresh weekly candle, this is a metric I will watch closely to gauge the potential for a reversal in price.
Bitcoin 3D Chart
Bitcoin's 3D chart gives us more clarity. Volume Delta has increased over the last three candles, culminating with the highest sell pressure we've seen in over a week. This occurs as we test the 3D 55EMA, which similar to the Weekly 21EMA, resulted in a 27% bounce the last time we came close.
3D Time Transformation is very close to the oversold level, and we are lower than the last registered low of TT on this timeframe back in January of 2024, which was the bottom of the Opening Year Slump.
High sell volume coming into an area of Support often results in temporary reversal of price.
Bitcoin Daily Chart
The Daily Chart shows us in very close proximity to the 200 DEMA, a level that has not been tested at all this Bull Run. Volume Delta shows overwhelming sell pressure that we have not seen since the last "bottom" on May 01 of this year, which again, resulted in a 27% bounce.
Time Transformation is oversold to a degree that we have not seen since the previous Market Cycle Bottom in August of 2023.
Bitcoin 4H Chart
Moving down to the 4H Chart, relevant points are that Time Transformation is oversold, and the previous 4H candle registered such high sell volume that we haven't seen since June 07, which was the Bearish Engulfing candle that began this current downwards trend.
Tether Dominance Chart
Moving to USDT Dominance, we can see that on the Weekly Chart, USDT Dominance is in the process of confirming a Double-Bottom (higher low) or W Pattern, if this Weekly Candle closes at the same price of higher, that will be a successful close above the neckline, and potentially a close back above the 200 WEMA as well.
This successful completion would move USDT Dominance back up to 6.0-6.5% of the total crypto market cap, and serve as a much broader warning for a more-pronounced market correction.
Bitcoin Exchange Flow
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Looking at Exchange Flow, we can see that last week Exchange Inflows dominated, however they decreased in strength as the downtrend progressed. Saturday witnessed a net outflow of Bitcoin, and Sunday saw a very mild inflow of Bitcoin to exchanges.
Bitcoin Miner Net Position Change
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Miners are still selling, however they have begun to decrease their selling volume. This trend has historically led to short-term reversals in Bitcoin's price.
Bitcoin HODLer Cohort Net Position Change
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The HODLer cohort is also selling, and this trend has not slowed.
Conclusion
In conclusion, although short-term price action indicates we have reached an important level of support where selling pressure seems to have reached a climax, there is insufficient buying pressure from the HODLer cohort or clear signs of bullish conviction to justify spot entries into Bitcoin at this point.
Investors should continue to sit in cash, and await more lucrative buying opportunities, and traders should wait for more clear signs of a potential reversal before entering long positions.
USDT Dominance - -BTC TOPS vs OTHERS TOPSThe Bitcoin top happens when USDT dominance reaches a bottom and hits a resistance.
If you look at the top for altcoins (OTHERS), they happened on average 1 month after the Bitcoin top.
The altcoin season happens when USDT dominance ranges sideways.
IMO, USDT dominance will crash from late July until Oct/Nov 2024.
From 5.5% to 2.5%. That will be glorious for BTC!
The true Altcoin season will happen during the month following. But all your alts should already have risen quite a bit!
TIMING IS EVERYTHING!
When you see the USDT dominance crash, pay attention to resistance levels. When the chart looks like a bottom, add 20-30 days before selling all your crypto!
USDT.DThis is my opinion with technical analysis
Please respect the following rules:
1- Risk management .
2. Have your own strategy.
