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.
Tether
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.
BTC/USD#BTCUSD
Since May 10, Bitcoin has been accumulating. However, the breakdown will happen soon. One of the best investment tools in deflation, which will have an upward trend similar to 2008, is Bitcoin. Fibo GP is expected after the closing of the GAP after exiting the offer box. Although a gravestone doji per week is a sign of decline, let's see what it shows next week since we hit the bottom. Although having a gravestone doji per week is a sign of decline, let's see what it shows next week, since we are at the bottom.
*Please share your opinion on it, write in the comments. Dont forget some cheers bravo. "
Teşekkürler.
ETH ETHERUM USD : Ethereum Is Ready To Explode! Bottom Is In!Ethereum is playing out the same fractal as the 2016 bull run in which Ethereum went on a 224,000% rise, thats two hundred and twenty four thousand percent! I believe the bottom is in for Ethereum! I see some serious upside coming in the not too distant future. This market is poised to leave everyone behind. 90% of people are bearish and are going to get trapped, they will be left behind in this run because its going to go up so fast it'll make your heads spin. This correction is over and bears are going to hibernate for a while. This is not financial advice this is just my opinion. Leave a comment below and let me know what you think and follow me for more analysis and updates, thank you!!
Tron vs Tether Long-Term (115% Potential to All-Time High)TRON has been printing higher lows vs Tether (TRONUSDT) since March 2020; we have a bullish chart setup.
TRXUSDT price remains trading above EMA100/50/10.
We have the highest volume ever this month of May.
We have a strong RSI as well and a total potential of 115% to its all time high.
The main support levels go as follow:
1) 0.075200 short-term.
2) 0.064825 main support for the current move.
3) 0.046376 long-term support.
You can stay 100% bullish above 0.075200.
Below this level things can change but the bullish bias remains strong above 'main support'.
That is all.
I hope you find this information useful and it helps you maximize profits.
I am wishing you tons of success, great health and lots of wealth.
Namaste.
Bitcoin To Continue Higher as Tether Dominance Goes LowerWe continue seeing bearish signals on the Tether Dominance Index (USDT.D) chart.
Yesterday we looked at the long-term chart and the RSI (weekly), the signals were clear there.
Looking at it closer today, our view remains the same.
- We can see prices moving below EMA10 on a full bearish candle.
- The RSI is trending down strong.
These signals are pointing lower.
The blue space on the chart is the main target/support.
Namaste.
Tether Dominance Overbought | Long-Term RSI AnalysisHere we have a pretty clear as well as strong signal coming out of the weekly RSI for the Tether Dominance Index (USDT.D) chart.
Each time the RSI went to overbought, or just got close to it, Tether Dominance would enter a correction phase.
We have now USDT.D overbought which can signal that it is about to move lower based on past history.
With the inverse correlation between Bitcoin (BTCUSD) and Tether Dominance (USDT.D), we can see BTC rise while USDT.D falls.
Thank you for reading.
Thanks a lot for your continued support.
Namaste.
Bitcoin Daily Analysis UpdateAccording to the last Bitcoin analysis, the price does not follow any specific trend. BTC is in a frustrating trading range for 3 weeks and just doing Accumulation for the next movement. because of the weekend, there is no clear decision for buyers or sellers. I think we should wait until Monday to see powerful movement with high volume. Use stop loss in all your trades. The market is bearish clearly. Permanent support is 27000$ -29500$ and minor resistance is about 30500$ -31500 $ Area.
This analysis will be updated.
USDT.DHello guys good day!
Here is USDT.D or Tether Dominance’s rising channel which reached at the top of the channel and its reacting.
First what is USDT.D and how can it help us for trading cryptocurrency?
USDT.D shows the status of Tether availability in the cryptocurrency market where when it rises market will fall and when it falls market rises completely a vice-versa relationship.
Ok based on this, The question is will the channel break upward? And market will fall more further?
Well as you can see the history clearly it shows that this channel is too strong to be broken and it may get push the price downward and then the market will rise and Bitcoin will get bullish and this will cause Alt coins to explode upside.
However on the other hand the sell pressure is heavy this time! And there is chance of breaking this channel upward and we may see Bitcoin at lower prices such as 25k 20k and if incase we loose these support levels then we may be witness of huge fall to 13k and 10k.
Remember guys these are just datas and informations that I analyse and post here, these are not buy or sell signals, so please use these informations and trade based on your own trading strategy.
Good luck.
Bitcoin price fluctuation zoneWe are currently in a long-term uptrend, which has intensified sharply since March 21, 2020, and continued until April 2021 due to the Corona Virus and economic impacts. However, this trend experienced a rapid decline due to numerous news and high price rises, which then went back to the previous price and even higher, causing a fake exit to its downtrend channel, which many analysts mistaken analysts that the uptrend in Bitcoin would continue at the same rate of $100K, but over time it became clear that the exit was fake, from where the downtrend began and the trend continues for 60 days... .
Bitcoin is currently fluctuating in the range of 29,000, which is a support point.
On the other hand, the amount of money in the Tether marketcap has reached its maximum, which is similar to March 2020, which was the beginning of the great upward trend of Bitcoin, and may start again from this point, but the point is that The floor of the large ascending channel has not been hit. So it is likely that bitcoin will continue to fluctuate within the zone indicated in the chart to start the uptrend again, but everything is probable and the only thing that is clear is that the candlesticks are always moving forward.
Support of $22K and the ceiling of the descending channel is $43K in this range.
The amount of money in Tether must be emptied!According to the chart, the marketcap trend should change little by little and the money in this currency should be emptied and transferred to the market.
This volume of Tether has been unprecedented since March 2021 That was the beginning of the big Bitcoin uptrend, as well as the resistance range has been touched.
Tether Dominance Still MixedTether Dominance (USDT.D) hit an All-Time High this very month, just as Bitcoin (BTCUSD) went through the worst drop in several years.
This chart is not weak but a high has been hit.
Each time the upper trendline is hit, we tend to have a correction.
This is a mixed situation... But the volume is lower now compared to June 2021.
So USDT.D is likely to correct...
Still, this is a difficult chart.
Namaste.
Cardano's ReliefCardano and Bitcoin, they move together.
It is not surprise to see ADAUSDT preparing to move up.
We are live on this pair...
We will see how it goes.
We do see a rally incoming but we belief it is only a relief before one mayor final drop.
After this phase, after the bottom is in, we will see long-term and sustained growth.
We will see Cryptocurrency settle many months before the TradFi market does.
The Cryptocurrency economy is getting ready for the next phase of its evolution.
Prices correct just to move back up stronger and for longer...
Hit LIKE if you Love Crypto.
Thanks for the support.
Namaste.
BTC Daily Analysis(Update). Bull or Bear?$BTC VIP Analysis
May 22, 2022
--------------------
BIAS:
Mid-Term: Neutral
Short-Term: Bullish
--------------------
Once again at the top of our short term range, BTC is looking like it could see stronger upside movement in the next couple of days if the bulls manage to hold on to their current momentum and strength.
Also the most volume is at the weekly OB+ With a clean break and close above $31,600 (which is currently our most important mid term resistance level, we’ll confirm a move towards at least $36,000 from where we would either see a rejection or an even stronger breakout.
Up Probability: 58% - Down: 42%
--------------------
MAIN INTEREST LEVELS
⬇️SHORT⬇️
$36,119
⬆️LONG⬆️
$26,613
PREDICTED DAILY RANGE
$26,812- $33,318
--------------------