USDT Dominance correction then bullish continues. UpdateHello my friends, This is an update of previous analysis (blow link). Consider USDT market cap to help identify market movement, Everything is marked on the chart. Monitor the price in the circles.
Good Luck.
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Tether
Drops Below EMA100 | Bearish ConfirmedThere is nothing bearish for cryptocurrency in us seeing the Tether Dominance Index go bearish.
This is bullish for the entire cryptocurrency market.
The close below EMA100 is the main red signal we look at today.
Seeing a red candle below this level, blue line on the chart, is the bearish confirmation.
Today is just continuation.
Do not expect any pullbacks this thing is about to speed up.
See you above $26,000 Bitcoin.
See you at $2500 Ethereum...
Let's see how all the Altcoins also grow.
Namaste.
Polygon vs Tether Early Bullish Signals With 111.11% TargetToday we have a volume breakout on MATICUSDT (Polygon).
Today's volume on BitMEX is highest daily volume since mid-May.
As prices move above EMA10 daily with a strong RSI, tells us that the bullish potential is building up.
It is early... But this setup can be traded with low risk and high potential rewards.
Namaste.
Ethereum Classic vs Tether (95% Target Mapped)Ethereum Classic is bullish on all fronts, vs Bitcoin/vs Tether.
This is the ETCUSDT pair.
First, we notice the broken downtrend.
This is followed by a consolidatin phase that leads to a bullish breakout.
This breakout is what we are waiting for.
Additional details on the chart.
Namaste.
Bitcoin To $35K, Ethereum To $3K, Ethereum Classic To $140, etc.The week is not early but it still has to close.
We have a shooting star candle line, a strong bearish signal, can lead to a price drop.
With the inverse correlation with Crypto and this one (Tether Dominance Index) chart, we have confirmation of many bullish charts.
Namaste.
Long Polkadot (DOT) vs USDTDOT finally found floor at $26. This area had to be tested as support once again and now it's ready to challange the ATH's IMO.
DOTUSDT is testing MA200 from below and as long it trades above it and flips it to support, I'm bullish on DOT.
This is an aggressive entry here, more convention entry would be once it flips $33 to support.
One of my favorite crypto project out there that hasn't shown it's true potential yet. It's a Top 3 project IMO.
Make sure to take profits on the way up.
Good luck.
Should I store my assets in USDT? QualitativeCOINBASE:USDTUSD
Should I store my assets in USDT?
I will try to answer this question mostly utilizing the Fundamental Qualitative Analysis.
Tether, USDT is a well known stablecoin (reference the chart). There are many just like it, Circle's USDC, Binance's BUSD, MakerDAO's DAI, they all promise a 1 to 1 peg to the USD (at the time of writing 1 BUSD is equals to $0.9987).
What is a 1 to 1 peg?
is a practice of attaching or tying a currency's (or digital asset's) exchange rate to another currency, in our case a US $.
Tether's USDT to USD $ 1 to 1 peg.
Example 1
Example 2
Since 2014, Tether has promised a full audit. People and Regulators are eager to see the audited Reserve Assets Report .
Tether does have a Transparency page, with some liquidity stats, but recent events have raise questions.
tether.to
What concerns me.
As per Tether's Terms and Conditions (last updated March 15th, 2022)
tether.to
Tether says they will not issue Tethers backed by digital tokens (BTC, ETH, ADA, etc.)
On July 8th, Tether discloses that Celsius Loan was denominated in BTC.
tether.to
On July 14th Celsius files Chapter 11
The Tweet
July 24th, Tether tweets against Ad Cookies and gives a date, 25.07.2022, I guess I should be expecting the extinction of Ad Cookies. I've snooped through Tether's website and there is a Google Analytics and a doubleclick Google Ad Manager cookie present on the pages I've visited. So, no actual Ad cookies spotted. But there is an option to Opt In!
Tether's baggage, the timeline
April 2019 - NYAG sues Tether
August 2019 - Tether goes to Supreme Court to not produce the requested documents from the NYAG
July 2020 - Tether loses the Supreme Court lawsuit
January 2021 - After a couple extensions, Tether produces the documents, documents from 2018 and older
February 2021 - Tether and NYAG settle, fine is paid and a few disturbing details are revealed, that include:
1 Tether hid massive funds losses
2 Tether was not backed
3 Tether faked an attestation that was published on their website
4 Tether commingled customer funds
... the list goes on
ag.ny.gov
Conclusion
Should I store my assets in USDT?
Answer: No
Tether has a lot of heavy history, inconsistencies, and doesn't like it's own Terms and Conditions.
Reject50Shooting.DStarUSDT-BearMAThe purple highlighted candlestick line is a shooting star.
We have a rejection here at EMA50.
The next bearish candle works as confirmation.
Closing below EMA10 gives double confirmation.
And the bear flag works as continuation.
I will show you the weekly chart later on...
You will see that it will close below EMA10 for the first time and when that happens, finally, Bitcoin will do its $4,000 to $6,000 price jump.
Hello!
Weekly USDT.D Says All Cryptos Go Full GREEN!This is the chart that I mentioned in a previous trade idea on this index... This is what gives it all away.
Tether Dominance Index (USDT.D) is closing weekly below EMA10 for the first time since March.
This is a strong bearish development after 4 weeks of red/moving lower/distribution...
So not just Bitcoin, EVERYTHING CRYPTO WILL GROW SUPER STRONG!
We will have a full green August, based on these charts.
Namaste.
Bitcoin vs Tether Trading Volume Tells A Story (9 TOP Exchanges)Are people buying Bitcoin?
Let's see what the weekly trading volume has to say on 9 of the TOP Exchanges available online.
Let's get started!
(1) BINGX (Highest volume ever weekly)
- After a strong crash.
- At a long-term support level.
(2) KUCOIN (Strongest buy volume ever)
(3) BYBIT (Strongest volume ever on both sides, bear and bull)
(4) BINANCE (Really high volume weekly)
There is only one week with higher volume and that was 16-March 2020
(5) COINBASE (Highest buy volume since May 2021)
(6) PHEMEX (By far, highest buying volume ever)
(7) BINANCEUS (Highest volume ever by far)
(8) GATEIO (Highest purchase volume ever)
(9) WHITEBIT (Much higher green volume than in 2021)
All this Bitcoin buying since May all the way to this date is a strong bullish signal.
In fact, this signal is so strong that it predicts that the market will reverse.
The reversal is already happening...
Bitcoin has grown by 38% since its June low... With more to come.
Namaste.
Tether Dominance Bearishness Confirms Bitcoin Strong RecoveryThe bearish bias is strong on the USDT.D chart confirming a quick recovery for Bitcoin.
USDT.D is trading below the 0.382 Fib. retracement level...
Only above this level (6.44%) it can grow short-term but there is still major resistance overhead.
It goes lower.
Namaste.
$4,000USD Possible In A Single Day Thanks To Altcoins | Bitcoin We are looking at all the altcoins as usual and I found some interesting charts.
Many of these ALTSBTC (Altcoins vs Bitcoin) pairs are showing a short-term bearish bias which translates to bullish for BTC.
As Bitcoin moves above EMA10 and EMA21, these altcoins are moving below.
When Bitcoin (BTCUSD) takes off and moves strong, the Altcoins tend to have a strong rejection and drop.
This altcoins drop is just a correction/retrace, no need to worry...
It will end up in higher lows, with some exceptions ending in lower lows, and the recovery is much stronger when Bitcoin takes a break.
Notice the really huge volume in the past 3 days...
This is good news.
Bitcoin will grow and the Altcoins as well.
Namaste.
Tether Dominance Looses Major Support, Bitcoin To The Moon!USDT.D Gapped down today and after some strugle with EMA100 (blue line on the chart), the bears came out on top...
This is good news as Tether Dominance drops Bitcoin grows.
We are open to see a $4,000 USD day on Bitcoin maybe this same week.
Looking at the bearishness of the USDT.D chart, gives confirmation.
The next support that will be challenged will be 5.60% follwod by 5.26/5.05%.
With such a huge drop not only Bitcoin will grow but the entire cryptocurrency market is about to enter an impulsive bullish phase.
Namaste.
STEPN Trade Signal (122% Potential Profits)STEPN (GMTUSDT) just hit a new All-Time Low recently and it is showing some early signs of recovery.
Based on this chart setup, a trade can be opened with calculated risk.
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ENTRY: $0.7255 - $0.8250
TP1: $1.0250
TP2: $1.1590
TP3: $1.3280
TP4: $1.5970
STOP: Close daily (D) candle below $0.6710
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This is not financial advice.
Make sure to do your own research before trading.
Thanks for the support.
Namaste.
1Inch Network Early Call (125%+ Potential Profits)It is still early for 1Inch Network (1INCHUSDT).
Today it moves above EMA50 which is the main indicator for us to determine mid-term bullish bias.
Once any Altcoin trading pair goes above EMA50 on the daily timeframe, coming out of a low, you can expect strong growth before the next correction comes.
The easy/conservative target we set at 58%.
Up to 125% is possible yet we have to wait a bit longer to see how it will all develops but this is what the charts are calling for.
If for whatever reason things change, we adapt and take the actions necessary to still come out ahead.
Namaste.
Theta Fuel | Bottom Signal ExplainedI mentioned how to spot a bottom based on the volume profile of a trading pair on the Ethereum Classic chart.
The volume was low on ETCUSDT so the picture wasn't clear, we can have a better look at it here.
Theta Fuel vs Tether (TFUELUSDT) Bottom Volume
Looking at the volume for bottom/support confirmation.
If we look from January through March 2022 we start with low/flat volume.
There is a spike in bear volume in March before a bullish wave.
The bear volume before the bullish wave predicts the capitulation phase.
After March 2022, volume goes down again as TFUELUSDT starts to drop...
A panic force takes over the market and bear volume is at its highest around mid-May, on the first major low.
Here is the signal...
TFUELUSDT continues crashing and ends up in a lower low, 15-June, but this time the bear volume is lower compared to May which tells us that the bearish momentum is lost.
Right after the lower low in mid-June, strong buy volume shows up...
In fact, the highest volume ever on this chart.
This is the bottom signal explained based on volume.
This type of volume dynamic points to a low/support being established, as this happened prices can now grow.
Additional bullish signals at this point can support the bottom volume profile analysis.
Namaste.
Uniswap Looks Really Strong (150% Easy Target)This is a very strong chart we have for Uniswap (UNIUSDT).
We can see a long-term higher low.
Nov. 2020 vs Jun. 2022.
The 13-June weekly candle ended in a Dragonfly Doji with the highest bull/green volume ever.
Last week UNIUSDT closed above EMA10.
The RSI moved above 40 (strong on the weekly).
Finally, we have a falling wedge pattern already breaking bullish...
All that is left is for prices to grow.
Below $3.30 is the stop.
And the targets/resistance levels can be found on the chart.
Namaste.
Siacoin Prepares To Pullback (185% Target Mapped)After 5 weeks of consolidation Siacoin vs Tether (SCUSDT) is preparing for a pullback.
This is marked with a black arrow.
Notice the trading volume has gone to basically zero compared to last year.
As the volume dries out the market trend can start to change.
We can also see the RSI hitting a low and starting to curve upwards...
This weeks candle is about to close in a Dragonly Doji, another strong reversal signal.
This comes after a -9 on the TD Sequential...
All these are bullish signals after a new low is hit/support.
Reversals can only happen at support.
So when the chart is super bearish;
When the market sentiment is super low;
That's when the market turns and grows.
Namaste.
DigiByte Enters Accumulation Phase (200%+ Potential Profits)Looking at DigiByte (DGBUSDT) we can see high volume 12-May, high volume 7-June and high volume yesterday, 16-July.
Yesterday's price action is very telling.
We have strong bear volume yet prices remain above EMA10.
When we see a pair trading near support with high volume yet its price remain ranging, this tells us that this pair is in the accumulation phase.
What follows the accumulation phase is a breakout...
Namaste.