Bearish Outlook on USDT Dominance (USDT.D)Hello Everyone! 👋
I hope you’re all doing well. I’ve shared my thoughts on the USDT.D price in the chart below. I believe this analysis could be useful for your trading decisions.
📈 Rationale:
Market Dynamics:
A decrease in USDT dominance typically reflects a shift in investor confidence toward altcoins, leading to increased liquidity and buying pressure.
Technical Analysis:
Recent price action indicates weakening in USDT.D. Indicators such as support a bearish outlook.
Impending Breakout:
A break below 4.28% to 4.31% could trigger swift market reactions, providing ample trading opportunities.
CRYPTOCAP:USDT.D
Best Regards
Dontfomo
$BTC is killing me lol...Not that I'm wrong....Sheesh just explode.... smh so we have a little downside here and it should breakout about or around 8pm... DO NOT EVER FOMO UNLESS YOU ARE CERTAIN OF YOUR TP's AND STOP's. So I charted this beautifully and was busy at the time not realizing how fast BTC moves and I missed the original entry I made for myself. Had I got in at my original price I wouldn't have lost a dollar to this play... When you miss the correct entry you are forced to scalp or add heavy before liquidation... If you hit the mark its more or less smooth sailing to the end of the contract... I missed my entry I chased... found a good location then made the mistake of adding to my position at the wrong time which moved my liquidation causing me to get liquidated twice... but thats not the issue... My issue lies in trying to justify a new position by trying to make it into the original position which you can't do. I literally missed my entry and still made over 2k, but then I watched 3k in profit just turn red!!! How much of a greedy idiot am I?!!!! Needless to say all the money I made on this play damn near gone all because i missed my original entry....
PLEASE MANAGE YOUR ACCOUNTS WISELY AND KNOW THAT THERE WILL COME ANOTHER RUN...SHIT WE HAVE 2 MORE BEFORE THE END OF THE YEAR TO COME... SO I COULD HAVE WAITED AND STILL HAD MORE MONEY!
THIS IS NOT FINANCIAL ADVISE! THIS IS FOR EDUCATIONAL PURPOSES ONLY USE THIS INFORMATION AT YOUR OWN RISK.
**Remove Your Emotions
**Don't Chase
**Think Double Check And Check Again Before You Enter A Play!!!
GOOD LUCK TRADING!
Just a Little Alert About BTCUSDA litle Dow Theory in the Crypto Markets. Seen like a whole market is at its peak, both group 1 and group 2.
And YES, I think the Crypto Markets has not yet detached from TVC:SPX , NASDAQ:AAPL , etc...
Be Careful.
Group 1 (The Old Guard)
BITFINEX:BTCUSD
BITFINEX:ETHUSD
BITFINEX:LTCUSD
Group 2
BITFINEX:XRPUSD
BITFINEX:XLMUSD
_____________________________________________________________________________________________
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Kind Regards. =)
That is why you do not go FOMO mode on cryptocurrencies Hello, traders.
See how to identify overbought charts with Bollinger bands indicator.
Bollinger bands consist of three lines that plotted in the chart. The line in the middle is usually a simple moving average configured for a period of 20, typically default for Tradingview.
The up and the low Bands are defined at two standard deviations away from the central MA.
Whenever the price is away of the standard deviation of the Bollinger bands, up is a sign of overbought rate and down is a sign of oversold,
Take care to get into assets outside the top and bottom bands.
Note, RSI above 80 is a good indicator showing overbought signals; combining these two indicators can make you do not enter FOMO in some assets.