Exploring the Near-Term Risks for the Tether (USDT) PegTether isn't looking too hot right now. I haven't calibrated Cycles to work with stablecoins, but I'd assume that the seasonal current (purple) crossing the yearly current (fuchsia) is... problematic.
Maybe don't keep all your funds in $USDT.
The clustering of energy confirmations is also a very poor sign for $USDT. (Not enough historical data to say what comes after, though.)
Tether
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.
Best analysis for USDT.DHello friends
So I decided to draw a new chart for USDT because few people speak about Bull market and its hilarious.
See the chart and don't be tricked .
Long DOT vs USDTWe can see DOT is forming a triple bullish divergence on 1H and that is usually a pretty good sign for a long in crypto.
DON'T RUSH THE TRADE.
For confirmation, first we want to see the price to go back above $4.42 and hold. That will be my trigger.
Stops will be at the last low at $4.37.
This is a short term trade, I believe DOT will go lower in Q1 2023, so take profits if the market gives them to you.
Tether Dominance Gravestone DojiYesterday's close ended up with a Gravestone Doji.
We have a lower high short and mid-term.
The weekly candle is also weak.
USDT.D Technically bullish with bearish potential starting to develop.
Namaste.
Ethereum Recovery Marked by Higher Low | Bullish SignalsThe last two candles closed green/bullish for Ether (Ethereum's native token)... Let's have a look at some additional bullish signals.
The higher low was set yesterday, 19 Dec 16:00, with a Doji.
This Doji is a lower low compared to 14 Dec but with lower volume.
If prices move lower yet volume decrease this is a sign that the drop is coming to an end.
We have a higher low 19 Dec compared to 22 Nov.
We have an ascending channel.
ETHUSDT moved and closed above EMA10 and EMA21.
Prices bounced before reaching the 0.786 Fib. retracement level.
ETHUSDT is currently trading above the Fib. golden ratio of 0.618.
The RSI is back on the bullish side, above 50.
These are all bullish signals on the short-term.
This analysis is invalidated below 1134.
Thank you for reading.
Remember to boost 🚀
Namaste.
📈 Tether Dominance Bullish vs Bearish PotentialThe Tether Dominance Index (USDT.D) is now bullish as it continues trading above EMA10.
Let's look at the potential for a reversal; early bearish signals.
- Lower high mid-term. June vs November.
- Decreasing bullish volume. As USDT.D continues to move higher the weekly trading volume goes lower, giving us an early signal of weakness.
- RSI bearish divergence. Divergences tend to happen between tops and bottoms.
These are just early signals and the trend is still bullish but we are looking for a potential reversal.
Tether Dominance moves inverse to bitcoin.
- If USDT.D goes up, BTCUSD goes down.
- If USDT.D goes down, BTCUSD goes up.
That's why we track this index in search for confirmation/additional information to support what we see on the bitcoin and Altcoins charts.
Namaste.
THE SAW setup we miss the first rejection level but we have clear high volume in the last 1 H candle
so we will use the fibo levels and volume profile to find the strongest levels for the rejections and bounce back
as shown on the chart just follow the charts levels
Monitoring USDT- Absolutely not a prediction.
- Just doing this chart to observe 1D (smaller timeframe) on USDT Dominance & Sharing.
- I usually like to use larger TF to reduce the noise on charts ( 1W, 2W, 1M, 3M ).
- USDT.D have to break out 8.4% before 13th December.
- if it does, could mean BTC more downward pressure.
- if it fails, BTC could rally up.
- Patience is the key.
Happy Tr4Ding !
EOS Breaks August Downtrend (Can Grow 60%)The downtrend that started for EOSUSDT with the last peak in August 2022 has been broken.
The last two sessions clearly depict a fight between bears and bulls won by the bulls.
EOSUSDT is trading just below EMA50 with a short-term bullish bias.
Additional growth can happen.
We can see a target mapped at 60%.
Easy target can be found at 30% above the current price.
This chart is similar to many other Altcoins, more evidence pointing to a new relief rally for the cryptocurrency market ahead.
Namaste.
Tezos Correction -90% From ATH | Will Grow For 2+ Years After...Tezos (XTZUSDT) has done a massive -90% correction from its All-Time-High and so far hit its November 2019 low levels.
Just a bit lower and XTZ will be trading at All-Time-Lows...
You know what we love to say; Once we hit bottom, the only place left to go is up.
One final drop and the bear market is over for this pair.
It can go lower to a total of -91 to -93%.
After this last move, painful I know, we are very likely to see higher highs and higher lows for years to come.
Over two years of bullish action... All through 2025 and beyond.
Stay strong, the best is yet to come.
Namaste.
Binance Coin Final Shakeout Of 2022 | 2023 RocketShip!We are about to see the final shakeout of the year 2022 for Binance Coin (BNBUSDT).
After this shakeout, we are likely to see green to start positive the year 2023.
We are looking at mainly two scenarios.
#1 | The green arrow if the bears are weak, bulls strong, we get just a small shakeout that ends in a higher low and soon growth.
#2 | The red arrow if the bulls are weak, bears strong, a retest of June's low and then 1960s technology rocket-ship up.
Keep this in mind.
Our phones, TVs, computers and all technology advances very fast, everyday... Floppy, CDs, DVDs, Blue-Rays, USD Sticks.
But the spaceships... Oh wait, rocket-ships because they never moved ahead.
The rockets have the exact same technology as in the 60s... What about that?
Namaste.
Siacoin vs USD Long-Term | 2 ScenariosHere we have two scenarios for Siacoin vs Tether, Long-Term.
Scenario #1 | Another drop before a bullish wave:
Here is an alternative view if a bullish wave were to develop now:
It is too early to say based on chart signals.
The signals are not clear enough.
We will revisit again in the near future.
Namaste.
Elrond vs Tether | Up To 70% Potential Mapped (Early 4U)Hello my fellow cryptocurrency trader, I wanted to share a few charts for you before going back to meditation.
We looked at EGLDBTC but also the Tether pair, EGLDUSDT, is showing growth potential.
We are looking at short-term potential and conservative targets but keep in mind that there can always be more than what is mapped on these charts.
Cryptocurrencies, Altcoins, grow wild and strong.
There is high volatility but being conservative you can't go wrong.
My job is to give you a great entry.
My job is to call your attention to these pairs BEFORE they breakout.
If you manage to buy before the action starts, the rest becomes easy... You can just sell on the way up.
Once in the green, you've won.
Buy early and hold... Let the market take care of the rest.
Thank you always for your continued support.
Namaste.
Optimism New Updated Target (80%+ Possible)Back on the 1st of December I gave you a target for Optimism (OPUSDT)...
Nothing is wrong with this target but I was being really conservative.
You can see it here: Optimism 35/47% Short-Term Target Mapped
We would like to update this chart and now give a potential 80%+ target.
I also mapped a 34% as well as 52% target for those looking for faster/shorter term.
Thank you for reading.
Namaste.
UMA Jumps | 115% Potential Follows (Over 60% For Easy Target)Everyday we see different Altcoins recovering from their recently hit lows.
We are starting to see strong bullish breakouts daily now.
The next jump came from UMAUSDT.
Today alone we have a +30% candle as prices move above EMA50 on high volume.
Closing above $1.892 sends out a strong bullish signal.
Even a close below this level is still bullish.
With this type of action, we can expect additional growth to follow.
The easytarget is set at 62% from the current price, can happen short-term.
The main target is set at 115% and can also happen within a month or it can take a bit longer.
Namaste.
Dash Breaks Downtrend, Conquers MA200 (Additional 60% Possible!)Look at this one... What do we have here?
Dash vs Tether (DASHUSDT) is looking really good right now after it recovered from the recent November crash/low.
The first data point to look at on this chart is the downtrend from the August high.
This downtrend has been broken.
We also have a stop-loss hunt event which has been fully nullified.
There was a crash followed by a fast and strong recovery.
Finally, we see DASHUSDT growing above MA200, which is our long-term potential measuring indicator.
All these signals open the doors for additional growth.
25% Is the easy target.
60%+ Can end as the next high for this current move.
The charts can always change... We already know this.
Make sure to plan ahead.
I am wishing you much love, good luck, health, wealth and success... Always!
Namaste.
What is Tether and why I am staying far away from itNow Tether is not your usual crypto currency. It’s not something you buy low and sell high.
What you’ll notice is that the price oscillates around the 1.000 mark.
It’s not your usual crypto currency. It’s what’s known as a stable coin. So its main goal is to track the US dollar’s price 1:1
And tether is not a long-term investment that will grow your money by itself because it stays pegged to the U.S. dollar.
So, investors use this crypto coin to hedge against the US dollar .
Investors use this crypto coin to gain exposure to the US dollar but in crypto form. Tether also sometimes acts as a “bridge” between the fiat and crypto world – as in people often buy stable coins to then buy other cryptos
It’s for the investors who want to invest and diversify their money in a non-government measure and to control their own finances instead of putting the money in banks.
Sounds good and safe right?
The problem is that Tether (USDT) always denies an audit.
They have also been investigated by the NY Attorney General’s office for lying about their reserves.
Also there is major volatility and uncertainty with crypto exchanges since the FTX and Alameda debacle.
Binance (One of the largest Crypto currency exchange) even paused customer deposits of stable coins USD Coin and Tether on Thursday morning without explanation.
This is not safe as a hedge in my opinion. Hence, it’s another reason to stay away from even stable coins like Tether…
Tether Dominance Complete Breakdown | Crypto Will Safe The Day!There is still doubt as to wether Bitcoin will continue growing or not and thats understandable... The Feds, the bear market, the war, the FTX scam, etc. all weight in on peoples mind but the charts are starting to give a clear message.
We have once more the Tether Dominance (USDT.D) chart, which moves inverse to Bitcoin.
Today EMA50 continues to be challenged as support and we see a break below it for the first time since late October.
I mention EMA50 because it is used by us to guage a chart/pair/asset mid-term potential.
USDT.D is looking bearish based on all chart signals and candlestick patterns.
A strong bearish signal is the lower high this November compared to June.
Even while Bitcoin went to print a lower low, November vs June, Tether Dominance ended in a lower high, not matching its inverse relation and sending out a strong bearish signal.
It is possible that Bitcoin can detach from the stock market, it is possible.
It is possible that Bitcoin can grow while the entire world burns, it is possible.
Just think of March 2020 when Covid entered in full force.
Instead of Bitcoin going down it bottomed and then started to grow for more than a year really strong.
We can see something similar with cryptocurrency next year as the world markets burn.
The worst time ever in a lifetime can come and cryptocurrency stay around to safe the day.
This is just a possibility but it happened with Covid and it can surely happen again.
Namaste.
DFI.Money Going Above EMA50 Weekly Can Lead to 100%+ |Up To 227%If you've been following what I've been sharing today, I just mentioned the strong bullish signal that goes out when YFIUSDT (yearn.finance) closes above EMA10 on the weekly timeframe.
But here is something that is much better and goes beyond.
YFIIUSDT (DFI.Money) has gone not above EMA10 but above EMA50 weekly and the rest of the bullish signals that I mentioned earlier are also present on this chart.
- There is a higher low compared to May.
- Very high volume this week.
- A strong RSI...
- And in this case we also have some recent higher highs.
The weekly candle closes in a matter of hours for confirmation.
You can look at the chart for additional/trading information.
Namaste.
yearn.finance Strong Bullish Signal Within Hours... (Up to 270%)The weekly candle is about to close in less than 4 hours.
Looking at YFIUSDT, we can see it moving above EMA10 after a higher low with a bullish RSI.
These three points combined give out a very strong bullish signal.
It confirms in less than four hours if YFIUSDT closes above $7286.
We also have 2 weeks closing green, with this one a total of 3.
It is always good to have multiple sessions closing as confirmation.
This setup can lead to 80%, 150% or even up to 270% growth.
You can find the targets (resistance levels) and support (stop-loss) clearly marked on the chart.
Namaste.
Kadena | Same Pattern Repeats | Green Monday? See Inside!The same pattern we saw today with OmiseGO (OMGUSDT), Internet Computer (ICPUSDT) and Decentraland (MANAUSDT) is repeating on the Kadena (KDAUSDT) chart, but here we are a bit more advanced.
Let's dig in. (Boost, share, follow, comment, etc.)
Not only these three pairs I mention above but many of the small cap., or I should say medium cap., altcoins are showing this exact same pattern.
We see a lower low in November compared to June, sometimes May.
The lower low has less volume in November compared to June.
After the low is in we see a pick up in trading volume with the day closing green.
We have a bullish RSI and a cup pattern.
We also see all these pairs moving above EMA10 and some EMA21 but mostly all below EMA50.
Kadena has gone ahead and is now moving above EMA50.
EMA50 is the magenta line on the chart and opens the door for mid-term growth.
This is great news... Because what one Altcoin does, the rest tends to follow.
Let's hope we don't get a negative surprise tomorrow and everything turns the other way...
The charts are bullish though.
Not technically bullish but bullish potential developing; early bullish signals... Things can always change.
Make sure to do your own research and have a plan before you decide to trade.
Thank you for reading.
This is smart advice.
Namaste.
I wouldn't buy Tether with a Barge Pole here's whyI absolutely agree that Tether is yet another Penny crypto that should not be touched with a 10 foot pole.
Now Tether is not your usual crypto currency. It’s not something you buy low and sell high.
Take a look at the chart before I continue.
Tether is not one I would consider buying.
What you’ll notice is that the price oscillates around the 1.000 mark.
It’s not your usual crypto currency. It’s what’s known as a stable coin. So its main goal is to track the US dollar’s price 1:1
And tether is not a long-term investment that will grow your money by itself because it stays pegged to the U.S. dollar.
So, investors use this crypto coin to hedge against the US dollar.
Investors use this crypto coin to gain exposure to the US dollar but in crypto form. Tether also sometimes acts as a “bridge” between the fiat and crypto world – as in people often buy stable coins to then buy other cryptos
It’s for the investors who want to invest and diversify their money in a non-government measure and to control their own finances instead of putting the money in banks.
Sounds good and safe right?
The problem is that Tether (USDT) always denies an audit.
They have also been investigated by the NY Attorney General’s office for lying about their reserves.
Also there is major volatility and uncertainty with crypto exchanges since the FTX and Alameda debacle.
Binance (One of the largest Crypto currency exchange) even paused customer deposits of stable coins USD Coin and Tether on Thursday morning without explanation.
This is not safe as a hedge in my opinion. Hence, it’s another reason to stay away from even stable coins like Tether…
