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📈 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.
CRYPTOCAP:USDT.DShort
by MasterAnanda
9
🅱️ (₿) The Retrace Is Here... What Now?The much awaited retrace is starting and the Bitcoin bears are on edge... The Bitcoin bulls are sitting back, watching, fully focused, tranquil, serene and relaxed with cash on hand and buy orders all the over the place in preparation for the resumption of the current bullish wave. What will it be? What will happen? What to expect? What are the relevant support levels? Initially, the obvious level that needs to be tested is EMA10 as the main short-term moving average and MA200 as the long-term one. Since bitcoin hasn't been above MA200 since December 2021, it is only natural to test this once resistance level as support. Just to check if the bulls are in it for real. There is a strong GAP on the CME futures around $19,990 but that will be filled easily. EMA10 is set at $19,857 which is also filled easy and finally, MA200 and 0.382 Fib. retracement for Wave 1 concerning the 21-Nov. low to todays high, sits between $19,300 and $19,500. This is the main support level range for the short-term. (1) $19,300 - $19,500. EMA100 is the next relevant level which is very close to EMA50. We will skip EMA21 which sits at 0.5 Fib. retracement because if we go lower than the main range above, this level is likely to be skipped. The next relevant support range becomes (2) $17,840 - $18,365 . The last level is marked solely by Fib. retracement 0.786, sitting at (3) $16,800 . This is how low Bitcoin would reach if the bulls are weak, can wick lower. Why Higher Low And Not A Lower Low? That's a good question. The action that lead to the current chart, to bitcoin's current price is indicative of a stronger bullish that is just starting to develop. The same number of signals that helped us predict this rally with extreme accuracy, our final target from our 23-Nov-2022 call was set at $21,620, while bitcoin peaked at $21,662, are also telling us that there is more to come. I shared these articles multiple times but you can find them in the "Related Ideas" below. The retrace might be cut short... It might last a few days, weeks maximum and then we are back to sustained growth. Retraces and corrections are normal... You can use these as an opportunity to buy-in, rebuy and reload on your favorite crypto. Namaste.
Long
by MasterAnanda
7
Eth Back Where It BelongsOne line chart... yes it is silly but it tells a good story. When BTC enters a bear market it is known for touching the previous bull runs all time high . The previous bull run touched ~$20,000. As you know, BTC was floating in that area until the FTX debacle pushed it way lower. Had FTX/Alameda/Genesis not had imploded in historic fashion, BTC likely would have held the general ~20,000 area. Ethereum is now doing the same. It collapsed well below its' 2018 all time high but quickly regained it back. You can make an argument that the stellar run crypto has had the past few days is simply a market regaining position back to where it rightly belong... at previous bull market all time high. Should these levels hold this would mean the bottom is likely in and we begin a new bull market sometime soon.
Long
by FredCat5150
2
Cartesi Starts To Recover | Easy 80%+ PotentialWe can say CTSIUSDT (Cartesi) has gone full circle after a 94.65% correction and 364 days of bearish action (from ATH to a new multi-year low). Here is the chart: In this same chart we can appreciate 1 week of consolidation after a new low, this low took CTSIUSDT back to August 2020 prices, and then 3 weeks closing green. We have a volume breakout. CTSIUSDT moving above EMA10 and a strong RSI above 50 weekly. This is another altcoin pair that recovers from its bottom and is very likely to grow in the weeks to come. Namaste.
Long
by MasterAnanda
4
RLinda ! AVAXUSDT-> Consolidation near resistance AVAXUSDT shows positive dynamics. The growth from the minimum (from December 30) is almost 75%, which is quite a big indicator The price makes a false-break of the descending wedge resistance by a strong impulse, but we should pay attention to the consolidation formation after the false-break, which can be interpreted as an energy consolidation for further growth. If the price does not fall after the false breakdown, it means that it will rise. The cryptocurrency market is starting a strong recovery, but no one knows how long it will last I assume that the pre-breakdown consolidation will end with a breakout of the wedge resistance and the price will start to form an impulse. The nearest target is resistance 19.83. The medium-term target is resistance 26.11 and the next one is the liquidity zone 30.20 Regards to R. Linda!
Long
by RLinda
19
📈 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.
CRYPTOCAP:USDT.DShort
by MasterAnanda
2
USDT Dominance BUMP AND RUN REVERSAL FORMATIONLooking at tether dominance - it's losing dominance which means other cryptos, whether it be BTC or ALTS, are going to see a rise in value. It doesn't necessarily mean USDT is flowing into those cryptos, but it means that other cryptos are rising in dominance. Technically speaking, spot positions in alts are your best bet. Watch BTC dominance (hint - it's rising, too), however I think alts may be about to pop soon if BTC can stay above $18k. USDT dominance will find some resistance later this year around 4.6% but breaking the lower trendline that has existed from the beginning of the tether dominance chart would be insanely bullish for crypto. It's a long time before that kicks in.
CRYPTOCAP:USDT.D
by bitdoctor
📈 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.
CRYPTOCAP:USDT.DShort
by MasterAnanda
4
#usdt dominance has to decide how its gonna be!In the chart that we have here related to #USDTD, as you can see, the support ranges have been lost in short time frames and even the support trend line has not shown a support reaction in higher ranges! After the reaction to the resistance range at 8.70 and 8.80, we saw a correction of several days in #USDTD, which caused the market to turn green and of course, sometimes it caused the pumping of some currencies as well! The important thing that we must pay attention to today is the range on which #USDTD is placed, and it seems that it has prevented further correction in time, of course, this could also be because today coincides with the news and Important statistics, including the announcement of statistics (CPI), which we will continue to examine the dollar index so that we can make a better decision for the trade for the possible direction of the currencies of the second side of the dollar! It is recommended to set an intelligent loss limit if you enter any trade in any time frame today!
CRYPTOCAP:USDT.DLong
by rfmarandi
📈 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.
CRYPTOCAP:USDT.DShort
by MasterAnanda
1
✴️ The Sandbox Also Hits Bottom | Prepare For Bull MarketThe Sandbox (SANDUSDT) hit its All-Time High back in November 2021. From this high so far we've seen pure red and a total of -95.58%... Isn't that enough? Well I did mention that altcoins vs tether (ALTSUSDT) pairs tend to correct 93, 95 and to up 98%... But the 98% happen for the unknown altcoins. Big projects such as this one tend to stop at around what we see now! The BTC pair, which we will look at next, will have less than 90% as mentioned in the MANABTC trade idea. The TD Sequential is giving us a signal... Lovely I know. The perfect negative 8 and 9, shows up when a trend is about to reach its end. Can you see the magic green arrow? That's what we can expect in the weeks and months to come. But what about the FED, Covid, FTX and all the rest? They will continue living. The press will continue printing negative headlines. When it is very late in the cycle, they will start to change their tune. We are a bit ahead because we are reading charts. They are reading what other people have to say. Do not worry about such things as headlines and news from commentators... The charts have all the information you need and we use them to trade. - If SANDBTC goes below 0.3750, we close whatever buy at a loss. ❌ - If SANDBTC stays above this level, we wait for prices to move up. ✅ - As SANDBTC moves up, we sell and collect profits, that's all. 🏆 If it goes down, it is a loss. If it goes up, we won. Low limited/calculated risk (17%) with high potential for rewards (380-620%+). Disclaimer: This is not financial advice. For this to be financial advice you have to pay me and I would have to be a financial advisor. Unless you pay me for advising you financially, I cannot be providing you with financial advice. I am just reading the chart and sharing what I see, together with my opinion and experience and I hope you enjoy it! 😅😄 Namaste.
Long
by MasterAnanda
3
📈 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.
CRYPTOCAP:USDT.DShort
by MasterAnanda
1
📈 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.
CRYPTOCAP:USDT.DShort
by MasterAnanda
3
BITCOIN: A Crash To $13.7k - $11k Is Brewing ! ! Today ( Christmas, 12/25/2022 ), Bitcoin completed a small "buy the rumor, sell the news" event. Expectations of a 'Santa Rally' were the rumor (pump), while Christmas day was the news (dump). With the completion of this move, Bitcoin is now teetering on the edge of a cliff! I'm short BTC , targeting $13.7k - $11k . Bearish BTC catalysts include: Binance insolvency : The recent FTX collapse has spooked cryptocurrency investors with assets on exchanges. Consequently, investors are removing liquidity from exchanges at a record pace. Most of these outflows have come from Binance, which accounts for >50% of the cryptocurrency spot and derivatives market. If Binance declares insolvency, then we can expect the crypto market to fall by another 50%. If Binance fails, we may expect Tether, Tron, Grayscale, and other exchanges to collapse. Volatility spike : The cryptocurrency volatility index is at historical lows. Volatility slowdowns typically lead to explosive moves. In this case, we can expect an explosive move to the downside. United States cryptocurrency regulation : On December 23rd, the US Treasury delayed its tax reporting rules. The US intends to enforce these rules 'soon.' The execution of cryptocurrency tax requirements should drastically affect crypto prices, as Defi protocols and Layer-1 networks will soon be required to collect and send user information to the IRS. SEC vs. Ripple settlement : The SEC vs. Ripple lawsuit is expected to settle between March and June 2023. It is believed that the SEC will win this lawsuit, causing XRP to be officially recognized as an 'implied' security. Following this case, all Proof-Of-Stake cryptocurrencies will become 'implied' securities, while Proof-Of-Work cryptocurrencies will be recognized as commodities.
COINBASE:BTCUSDShort
by Bitfreedom_Research