USDT Dominance at decisive point. Here's what to expect Next!!Understanding Dominance:-
USDT Dominance is inversely proportional to market movements.
If it dumps the market will pump and vice versa.
Technical Analysis:-
As we speak the dominance is approaching the resistance zone consisting of two trendlines intersecting each other.
This happens to be an important point for the market.
Remember if you zoom out, a break and close above this channel will result in more dumps in the market.
Whereas if we break the lower support, the green zone. BTC can rally towards $22k again.
Keep in mind we are stuck in the range of $18.5k to $20k.
CONCLUSION:- This last quarter is likely to be bullish IMO so sooner or later, am expecting this range to break to the downside.
Do your own research, this is not financial advice.
If you find this update helpful, Hit the like button and share your views in the comment section.
Thank you
#PEACE
Tether
Bitcoin 4H Analysis Update #BTC
At This Update I Wanna Analyze The #BITCOIN Chart At 4H ,Daily And Weekly Timeframes
4H TimeFrame : Ascending Triangle And The Price Is About To Breakdown The Pattern
Daily Timeframe : Currently The Price Faced a Strong Trend Line Also By This Clear Triangle I Expect a Breakdown The 18k Support And Visit New Lows
Weekly Timeframe : Descending Triangle Is The Main Pattern And I Expect a One More Leg down As a Wave 5 From C
There Is No Bullish Sign At All These Three Timeframes ,New Lows Coming ,My Main Target Is 12k To 14k PRZ
Bitcoin 4H Analysis update10.03.2022BTC/USD
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4-hour time frame
Over the weekend, we saw little to no volatility in price action, with sideways trading being the theme of the last two days.
As we are now in a new month/quarter, we could see things hopefully move.
After yesterday's weekly close price created a new weekly level which is also just below two current, which makes this idea a little more probable while also maintaining this ascending support we have formed. Ideally, for the above scenario to play out, I would like to see a wick below fooled by a swift recovery /reclaim of the weekly, with the emphasis on the weekly reclaim.
This analysis will be update.
USDT Dominance 10.02.2022Dominance Tether is stuck between two levels of 7.2%-7.8% and has hit several times from the upper level and several times from the lower level. If it hits any level this time, the probability of breaking that level is very high.
let's see what happen on Monday.
This Analysis will be updated!!
USDT.D I like to use USDT.D to see when money is moving out of Btc/alts and into stables, gives a good edge on money flow in crypto.
Keeping an eye on this Rising Wedge.
Typically these breakout bearish,
if we get a bullish breakout expecting it to really run.
Hard to call a direction, will wait for one reaction on upper or lower trendline before I will enter any trades with confidence.
Bitcoin vs Tether 🥷⚔️Bitcoin laid over top of the Tether-USDT Market Cap Dominance Chart.
Pretty self explanatory as they have an inverse relationship up to this point.
USDT peaks when Bitcoin is at or near a bottom.
As USDT Cap works it's way down the money thats sitting Stable Coins starts moving back into Bitcoin.
Once Bitcoin makes a top, USDT is close or near a bottom. As traders start to sell the USDT Dominance starts to climb.
RLinda ! BTCUSDT-> Review of the flagship cryptocurrencyBTCUSDT - Cryptocurrency remains trapped by market trends. The value of BTC continues to decline. Sellers here are not aggressive, but very consistent: the rate of the flagship cryptocurrency is trading in the range of 20,000-19,000.
BTCUSD, in terms of technical analysis on the daily chart remains without significant changes. The cryptocurrency is holding inside the $18500 support area. As soon as the lower boundary of the range is broken through, the downside target to $15,000 will be actualized.
Wednesday night is the end of the two-day U.S. Federal Reserve meeting. The base case scenario is that the interest rate will be raised by 75 bps. Then the market will get a confirmation of the implementation of the Federal Reserve's previous strategy
Over the past couple of days, the correlation between the S&P 500 index and the BTC exchange rate has recovered to a record high of 72%. The index was higher only in May of this year. This means that risky assets are under a lot of pressure.
From the technical point of view, above the uptrend line, which the price broke down earlier, there is a narrow long protrusion, relative to the boundaries of which the price forms a "shake-out". We see a pullback to an important level, which was previously confirmed very often. The scenario in this case is simple: how deep the price can go on the pullback. Whether it will be the 20000 zone or the 21000 zone, but in the medium term from the 20000-21000 levels I expect the fall to continue. The short-term target is support at 18500 and the medium-term target is the lower level of 17600.
Regards to R. Linda!
bitcoin consolidating at major fib circle, doom or boom?bitcoin is ranging for several months as it nears a key fib circle
in my previous bitcoin chart i prompted that bitcoin capitulates each november every 4 years (10, 14, 18, 22?)
if the monthly closes below current price and crosses the fibo circle we may see a weak october before final drop november to my ladder zone for longs
one idea that has crossed my mind is that this could be a large ABC correction (A to current price, B to ATH with an SFP and then C back down to ladder zone and 100mma / sfp current local low)
RLinda ! ETHUSDT-> Do bears continue to show strength? ETHUSDT Recently we have positive economic news on etherium, but it continues to correlate strongly with bitcoin and we see a fall, the formation of a new price channel, which coincides with the global trend.
On the chart we see a global trend forming strong resistance. The price tests the resistance with either a touch or a false break and then forms strong bearish impulses that update the global lows. Bears are reigning in the market and there are no prerequisites for strong growth at the moment.
I assume that this pullback can continue a little, namely to the resistance zone, after which the fall in the global trend can continue. The short-term target is the support of the price channel (support zone).
Sincerely R. Linda!
RLinda ! AAVEUSDT-> The price falls again by 13%. What's next? AAVEUSDT The cryptocurrency market has fallen again in the last 24 hours and most of the coins are in the red zone. AAVE follows the market and is down 13%
On the chart we have a global downtrend. I drew a strong resistance line, price reacts to the level with bearish momentum and updating global lows.
Since we have a formed bearish channel, at this point it is not worth talking about a breakdown or pullback from the support zone of the downtrending price channel, you need to wait until the price reaches the zone, and then you should watch out for price behavior and your trading strategy.
I assume that from the support zone we may see a pullback against the trend. The short-term target is resistance 77.9. With the development of the short set and breakdown of the support level, the price may fall to support 55.2.
Regards to R. Linda!
RLinda ! BTCUSDT-> Price breaks through a strong support zoneBTCUSDT The rate of the asset began to decline sharply after the release of U.S. inflation data. The consumer price index (CPI) in August stood at 8.3%, while in July it was at 8.5%.
On the global chart we see a strong bearish trend, price corrections, which are more than half a third of the length of the momentum, all symbolizing a strong trend. Extreme movements are also related to this
It is worth paying attention to the price reaction from the resistance level, which begins its formation from the peak in November 2021. The price is testing the resistance as part of the correction and the moment the news comes out the price falls from the resistance zone by 15%
Let's go to the local chart. I have drawn an upward line of support, which has a significant role in the development of the further situation. The price breaks through this line and forms a consolidation under the level and this maneuver may open us a signal for further market decline, as the price strengthens its position as a bear market.
I assume that at the moment the bears have the upper hand, as there are a lot of factors pointing to a further decline, but do not deny other scenarios, when the price can rise. I expect the final consolidation under the mentioned levels and further downward price fall to the first target: 18500 and subsequent - support zone: 17630.
Regards to R. Linda!
LUNAC Luna Classic : THE RUN IS STARTING, BIG MOVE COMING!LUNAC LUNA CLASSIC Has bottomed out on this correction and is now priming for another massive spike. My target is still at least previous highs and then probably much higher after that. This move is only about an hour away at most I believe, and a great entry point. This is not financial advice this is just my opinion. Thank you and good luck everyone.
30 MINUTE
1 HOUR CHART
DAILY CHART
RLinda ! BNBUSDT-> H&S pattern after a false breakdownBNBUSDT is in a neutral phase, the market is in a sideways range and continues to test support 274.8 for a breakdown. Price is forming a "Head & Shoulders" pattern.
The global chart clearly shows price testing global price channel resistance and continues its decline. The H&S pattern is formed after a false breakdown of resistance 336, which tells us about the strength of the level, but the price is squeezed between the two trend lines and in fact forms a "downward wedge". What will happen next?
Since the pattern is not yet broken and continues to form and we see the price continues to test the support level and does not move far away from it, I continue to expect a break down.
I assume that the price is about to break the support level of 274.8 and form a consolidation below it, after which the price will start its fall. The short-term target is the support level of 241.9, the medium-term target is the level of 217.8
Regards R.Linda!
RLinda ! BTCUSDT-> What to expect prices in the heavy zone? BTCUSD what do we see?
The price is actually sandwiched between the strong trend resistance from November 21 and the strong support level of the uptrend channel from June 18, 2021. The price on the upward momentum tests the downward resistance and falls to the support where it goes into a consolidation phase.
Next I will break down two situations: Long and Short
Long set-up (a pullback from support). It is worth considering such a development while the price is inside the ascending channel.
On September 7, we see a false break of the uptrend channel support and the price moves into consolidation after a technical pullback to the support. The technique here is simple: buy from the support during the up trend, but on the condition that the price goes up from the local resistance 20500 and consolidates above it. In that case there will be a potential for the price growth to the zone of 21900
Short Setup.
It is a breakout play of the price channel. In yesterday's "Trading View" tutorial, I told you how to break a channel.
Since we see a retest of the support of the ascending channel and a consolidation instead of a pullback, chances are we are seeing a pre-break consolidation. It is acceptable to open the short positions if the price comes down from the area of 19850, or on the pullback, the potential target in that case will be the support of 17630.
Regards R. Linda!
RLinda ! SANDUSDT-> When should we expect a support breakdown? SANDUSDT - Very weak coin on the background of the whole cryptocurrency market. We continue to see the price drop after SAND went below 1,000.
The global chart clearly shows the weakness of the coin, the price is not able to renew price highs on pullbacks with volatility ranging from 40% to 80%. In total, the market is down almost 90% at the moment and we see consolidation near the 0.8700 zone, which suggests a further drop after the breakdown of the level.
I suppose that after the consolidation the fall can continue, I expect that the price can form a pullback to the resistance of the price channel or break the level at once, but in any case you should expect the retest after the breakdown for the price to consolidate under the level. The short-term target is the support at 0.7877, the medium-term target is the liquidity zone at 0.7329.
Regards to R. Linda!
TERRA LUNA CLASSIC LUNC IF MERGE GOES WELL THEN TARGET IS $.0025LUNA CLASSIC is poised to either make a nice dump or a nice pump. I am leaning towards a nice pump because I think the Ethereum merge will go just fine. Once the merge happens and theres no apocalypse then the market will continue its bull run. If Ethereum does have issues, whether small or big, the market is going to respond very negatively, and a flash crash of the whole crypto market will happen, not just Luna. I don't think that is the case and I believe this correction was just a little breather to refuel for the next run to $.002, and the ETH merge will go just fine.
As I mentioned before I really do believe that all the projects and companies that went to Luna 2.0 will move back to Luna classic, its already happening. Then once Do Kwon (Con) is prosecuted and jailed his Luna 2.0 will rot in prison with him. No one wants to do business with a thief, so all those projects running on Luna 2 will move to Luna Classic in support of the community. The burns will really take off then I believe. This is just my speculation on how things will play out. I called the massive drop in Luna when it was at $70 dollars before its all time high, I also called the previous local top around .0006 in a previous chart as well Ill link my charts below.
This is not financial advice this is just my opinion. If you like this idea then leave me a like and comment below with your thoughts. Thank you
ON THIS ONE I WAS OFF ON THE TOP, BECAUSE OF THE BLOW OFF HYPE TRAIN THAT WAS CREATED, BUT THE CORRECTION I WAS SURE OF
RLinda ! BTCUSDT-> Global TA. What's on the chart?BTCUSDT. Why I think that in the global perspective bitcoin has no energy for growth (I am guided by technical analysis without fundamentals and "pump" theory):
We have a global downtrend channel that started with the peak of the "H&S" pattern from November 2021. Price has tested the resistance three times without the possibility of a breakout. There is strong resistance from the daily timeframe through the channel. Resistance is formed from the left shoulder of the "H&S" pattern and was tested in March 2022. Thus, we see a strong zone of resistance, which is above the channel resistance.
Locally: price is trading in the 24100-18500 range, from the support we see a strong impulse rise, on the lower timeframe it looks like a distribution and price is expending energy for a possible breakdown of the resistance zone.
I think that the distribution might end up near the resistance area of the global channel and I expect a downside rather than upside and think that the bitcoin might be trading inside the range for some time yet. The short term target is support at 18500.
Regards R. Linda!