Tether is on a very crucial level!Dogecoin has reached its falling trendline that extends from 1 June 2022 and which also intersect with the horizontal key level. This is a very crucial level as a break above it will send price to at least 0.085 and bears protecting the level will push price back to 0.05.
I will continue to monitor price on lower timeframe for possible trading opportunity.
If you find this idea helpful please be kind to leave a like. I will highly appreciate it. If you have any question feel free to ask in the comment section below.
Tether
Synthetix Long-Term (868% Potential Profits)We have an interesting one here with Synthetix (SNXUSDT) and we start right away with the potential profits...
Looking at the current price vs the All-Time High, we see a massive 868% potential for growth...
If we zoom in and look closer, we can notice the highest volume ever for this pair, SNXUSDT, signaling that the bottom is likely in and a trend reversal is due.
I will not show the chart here but you can zoom by hitting the "+" sign on the chart to see what I mean. (Focus on the volume indicator)
After activating the June 2020 support (2 years), Synthetix is preparing for bullish growth.
Namaste.
Axie Infinity | Mapping 100%+ Target + Cryptocurrency TradingWe have early signals on the Axie Infinity (AXSUSDT) chart.
We can see today's candle moving above EMA10...
We call it early because the candle needs to close above this level before a bullish signal is confirmed.
Candle closure takes place in around 7 hours from now... 00:00 UTC.
Even though AXSUSDT is hitting new lows, the daily RSI is good at 40+.
Again, it is early...
But this is a great chart setup with low risk and high potential reward.
One can always buy with a very tight stop-loss.
If the trade fails, you lose 10 to 15%.
If the trade breaks bullish, as it most frequently happens for us, the potential is 30, 50, 80 and up to 140% or more.
Low risk and high potential rewards.
It is not about getting it right.
It is about making money trading cryptocurrency.
Thanks a lot for the support.
Namaste.
Tether Dominance Index Top PatternWe have this triangle on the chart which is a "top pattern"; when you see this pattern or an inverted cup you have high probability of dealing with a top.
If prices topped, then we drop.
Just a quick update to let you know that we continue bearish on USDT.D.
The indicators are now also turning bearish, MACD and RSI.
It is likely to speed up, fast, if/when support breaks.
Namaste.
Have You Given Up?We say that the Tether Dominance Index (USDT.D) is set for a very strong drop very soon...
A new All-Time High was hit yesterday yet we continue to see signal after signal pointing to this rally being over-extended.
We looked at the weekly and daily timeframes in the past...
Let's take a closer look short-term, this is the 4H timeframe.
We have prices dropping after closing below EMA10.
We have bearish divergence with the MACD and RSI.
A bearish cross on the MACD while the indicator is strongly aiming lower...
It is only a matter of time...
We Never Give Up!
Namaste.
TETHER Dominance finally stopped ❗❓(USDT.D update) What's up GUYS and Girls !? 😉
since previous analysis, as I expected the Tether dominance index has spiked again , it has increased more than 56 % and the whole crypto market significantly dropped ,and turned red and bloody from there ,
But today as you can see , it reached the historical and dynamic resistance line again , I expect to decline from here , then subsequently the rest crypto market will tern green gradually!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
Tether Dominance Continues Bullish, Hits Another Resistance... USDT.D (Tether Dominance Index) did not drop and continues higher...
But this is possible of course.
We are seeing the "last hoorah", the last jump, the peak, the top, the All-Time High... After the All-Time High comes a new low.
Bitcoin hit an All-Time High back in November 2021, it has been dropping since.
Technically the ATH was hit back in April 2021... So Bitcoin has been dropping for more than a year based on this one.
This is exactly what will happen to the Tether Dominance Index (USDT.D).
After the next peak price, it will have a long-term bear market...
Why are we interested in this?
Bitcoin's price based on BTCUSD and the USDT.D index have an inverse correlation.
The fact that this index is massively overbought and reaching new highs tells us that Bitcoin is massively oversold and hitting new lows.
Bitcoin is at the bottom, USDT.D is at the top.
This will reverse and that's our call.
Namaste.
Bitcoin (Technical) | weaker bullruns | Probability of fallingAny ascending trendline should be broken one day and usually in the third encounter from below and the weakness of the trend above the price will face a sharp decline. I do not think that Bitcoin will reach $0.01 overnight, but in the long run the chart trend after the break of $ 18,600 could be down And this new trend could indicate weaker bull runs. 18600$ is a very important point, in my opinion the validity of technical patterns in higher timeframes is very high.
Buy with stop-loss and in small steps.
Tron Hits New All-Time Low, Over 170% Growth Now Possible!Just yesterday Tron (TRXUSDT) hit a new All-Time Low.
This low hit basically at the same level as back in June 2021.
June 2021's low was set at 0.04651 and was followed by a 160% bullish wave.
June 2022's low was set at 0.04604 and we are likely to see a strong bullish wave follow.
Remember our famous saying...
Once we reach bottom, the only place left to go is up.
Tron just hit rock bottom...
It is time to WAKE UP & GROW!
Namaste.
Tether Dominance Moved Higher But Bears Are ComingSince our last analysis, Tether Dominance Index (USDT.D) has broken the last resistance and gone higher... This is a "last hoorah" based on the chart candles and signals.
We have shooting stars, Dojis and hammers all at new highs/resistance.
Seeing these candles at new high prices can signal that the top is in.
What follows after a new top is a strong correction.
The MACD is also at new highs but trending lower after a bearish cross.
Sooner or later, rather very soon... USDT.D will drop strong and inversely Bitcoin will go up.
Namaste.
7 billion Tether (USDT) redeemed as stablecoin supply decreasesFollowing the cryptocurrency market turmoil, the total supply of stablecoins has fallen quite significantly. This reportedly marks Q2 of 2022 as the first time in crypto history where the overall supply of stablecoins has decreased.
Over the past month, the total supply of all stablecoins combined declined by more than 10 billion (equally +$10 billion), even when excluding the failed TerraUSD. According to Coinmetrics, the tokens were directly redeemed by the holders through the treasuries of major issuers.
The largest stablecoin issuer Tether Inc. recorded the most redemption of all centralized stablecoins, as USDT supply dropped by approximately seven billion on Ethereum, Omni Layer Protocol, and Tron Network. The decentralized stablecoin DAI dropped by over 40%, mostly due to liquidations of debt positions.
Bitcoin Bullish Reversal Signals Coming In... Recovery Now!Bullish reversal signals are starting to come in for Bitcoin (BTCUSDT).
I'll list them below for you... Feel free to hit LIKE to get started!
We are looking at the 4H timeframe and we have 2 hammers candlesticks signaling a potential trend reversal.
We have high volume on the current active candle; The highest on a single candle since early May.
We have a bullish cross on the MACD and the histogram going green.
Bitcoin's price is set to grow.
Support is set at $20,000.
We are strong bullish above this level; bearish below.
Leave a comment if you have any questions.
Thank you for reading and for your continued support throughout the years.
Namaste.
Tether - A word of caution over Tether stablecoin safetyIn our previous posts, we warned about de-pegging of the Tether stablecoin from the U.S. dollar. The precedent was set when Luna stablecoin fell 99%, spilling to other tokens and temporarily breaking the peg between the USDT and USD. With the recent crash in the cryptocurrency market, we remain very pessimistic about its outlook.
Illustration 1.01
The picture above shows the precedent that took place on 12th May 2022. The Tether token can be seen losing almost 6% of its value against the U.S. dollar.
Already back in July 2021, Jannet Yellen, the U.S. treasury secretary, summoned Jerome Powell and the head of the Securities and Exchange Commission to discuss Tether and the danger it poses. Then in October 2021, the Commodity Futures Trading Commission (CFTC) filed and settled legal cases against iFinex Inc. , BFXNA Inc. , and BFXWW Inc.
The actual text (only excerpts) from the CFTC website
1st excerpt
“The Tether order finds that since its launch in 2014, Tether has represented that the tether token is a stablecoin with its value pegged to fiat currency and 100% backed by corresponding fiat assets, including U.S. dollars and euros. However, the Tether order finds that from at least June 1, 2016 to February 25, 2019, Tether misrepresented to customers and the market that Tether maintained sufficient U.S. dollar reserves to back every USDT in circulation with the “equivalent amount of corresponding fiat currency” held by Tether and “safely deposited” in Tether’s bank accounts. “
2nd excerpt
In fact Tether reserves were not “fully-backed” the majority of the time. The order further finds that Tether failed to disclose that it included unsecured receivables and non-fiat assets in its reserves, and that Tether falsely represented that it would undergo routine, professional audits to demonstrate that it maintained “100% reserves at all times” even though Tether reserves were not audited.
3rd excerpt
“Tether held sufficient fiat reserves in its accounts to back USDT tether tokens in circulation for only 27.6% of the days in a 26-month sample time period from 2016 through 2018. “
We raise a word of caution as to the question of stablecoin safety - in this particular case of Tether .
Illustration 1.02
The picture shows another anomaly in the price of Tether, but this one started to occur yesterday.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
USDT de-pegging ?!?!?!This volatile market is very dangerous if you are holding USDT too.
When UST, Luna`s stablecoin depegged from the USD value, USDT went down to $0.94 and then back up.
This time, with the sharp sell-off of all assets, the threat of depegging is bigger and more dangerous for Tether.
I would rather avoid USDT and BUSD for now.
Just buy the dipIncreased BTC dominance by 8% in two days shows me "stable-coins" are on fire. Infact Luna takes the cake.
We've been bearish for over three months and have now (as of 11/05/2022 AEST) entered capitulation. The first two capitulations I've lived through ended up making the mistake of selling positions. This time I am not so should you.
Is it really true Blackrock have set-up a coalition to attack the Crypto market by? No idea and don't care. What I do though is Bitcoin is well worth buying below 31k. Also any alt's you planed on buying cheap earlier this year you can now buy them 60% cheaper.
USDT Dominance Breakout and Retesting. USDT.D Update Hello 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. Good luck.
If its useful please like it as a support and follow me for next analysis :)
Tether Dominance Still BearishWe use the Tether Dominance (USDT.D) index to support our Bitcoin (BTCUSD) chart analysis.
We focus on the inverse correlation.
When Bitcoin goes up, Tether Dominance tends to go down.
The long-term chart for USDT.D continues bearish.
We have multiple "doubt" candles after a new All-Time High.
Last week was the first red/bearish close and this one isn't looking good...
USDT.D is about to drop.
If this drops Bitcoin goes up and vice versa.
Thanks for the support.
Namaste.