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USDT dominance (Y22.P1.E2).BTC dump scenarioHi All, #USDT dominance is a good indicator for crypto in general and BTC more importantly. I have successfully used this in the past and will be tracking this closely. The current tether dominance structure supports the potential for a deep correction or pullback. Either inverted head and shoulders or wyckoff distribution schematic. We can see the main resistance preventing this and if this was to break, it would likely play out. Please give me a like and share. Regards, S.SAri
CRYPTOCAP:USDT.DLong
by ssari
2
AAVE vs Tether Breakout Point... Can Be Anything...Here we have AAVEUSDT on a very tricky spot. It just came out of a descending channel and is trading above EMA21/EMA10 with a strong RSI... But there is no volume... I just shared a chart for TOTAL and BTCUSD with some early bullish signals developing... If the bulls follow up, we can also see AAVEUSDT/AAVEBTC grow. But if there is no follow up, this pair and all others are likely to move lower rather than up. Here we also have prices trading above the 0.618 Fib. retracement level for the last bullish wave. But there is no way to predict what will happen next. Trading is very easy though... We buy with a very tight stop-loss... LOW RISK, WITH HIGH POTENTIAL FOR REWARDS. This is not financial advice. Namaste.
Long
by AlanSantana
7
BTC - Is there Really Demand right now?Admittedly bitcoin could move upward, however the trend for the last four months has been by and large a series of bulltraps / and beartraps - market makers exchanges etc. Ostensibly push the price upward just passed a logical area of resistance and sell off. This chart poses the possibility of the "Bart Simpson Pattern" aka swing failure - aka "pump and dump" I pose the question in the title: "is there really demand right now?" This crosses my mind as if I was a whale and was going to buy a lot of bitcoin, I would've bought it 3 to 5 days ago, and I would be at least selling some of it as the price is going up now along with miners ect. (if I bought it on spot) - however in futures- if I was a market maker, mining cartel, long time holding whale- I would use some of my own bitcoin as collateral in futures and I would mark up the price myself with high leverage(long futures contracts), as the price increased I would slowly sell into it via spot, then I would short in futures- I'd win three ways (..wait, Whaa?! three ways? is that even possible) This is all speculation based on my perception of what I would do to use my advantage in the market. Good luck best regards
SAXO:BTCUSD
by Joseph_MG
2
Cryptodollars Tether USDT - instructions for beginnersIn 2015, an unknown company, Tether Limited, issued its own token, undertaking to exchange it for real US dollars at a rate of 1 to 1. At that time, this crypto asset was profitable to use: Cryptocurrency exchanges in order to avoid the requirements of the Regulators for the verification of traders depositing accounts in traditional currency (fiat); American investors, so as not to pay taxes on every exchange of cryptocurrencies for fiat. Traders can now safely use Tether USD without worrying about a possible scam. Moreover, USDT issuance tracking allows traders to see when big capital cryptocurrencies enter the market. The release of any token is public information available through the blockchain explorer programs, whose statistics are analyzed by various specialized services. Notification about large tranches of Tether USD, as well as other cryptocurrencies, can be received, for example, through the notifications of the @Whale Alert channel. The extent to which the USDT emission is related to the Bitcoin rate is demonstrated by the historical graph of stablecoin capitalization. So these tokens began to be called at the end of 2018, when the first competitors appeared, repeating the economic model of Tether. Tether USD can be used to pay for goods, replenish bank cards, get a loan, or invest in DeFi services in order to receive interest on a deposit. Moreover, the USDT token is ideal for Forex traders to deposit and withdraw funds. Choose Token and Wallet Before replenishing an account or withdrawing a deposit in USDT cryptodollars, a trader needs to decide on the type of token format. Behind each of them is a blockchain, where the size of the commission is determined by miners who collect transactions into blocks. The fees are floating, depending on the load and bandwidth of the network blocks, the amount of the transaction does not matter. A trader can transfer one dollar or a billion for the same amount of deductions to miners. At the time of writing, the average translation costs are: In the OMNI protocol - $28; Ethereum blockchain - $12; Blockchain Tron and Binance - about $1. Tether, for its part, makes an equal bet on Ethereum and Tron, placing about $24 billion of USDT emission there. The Omni protocol is practically abandoned. The list of wallets must be taken on the website of the developers of the cryptocurrency that the trader has chosen. The crypto wallet has a seed phrase - a set of words that helps the user regain access to his deposit from any device. Knowing this phrase of 12 words, you can not be afraid of any force majeure, because the cryptocurrency is not stored in the wallet, but in the blockchain. A seed phrase is a list of random words (12, 18, or 24 words) used to recover your funds in case you lose your password to your wallet application or the device on which your wallet is installed. The seed phrase is usually generated when you set up your crypto wallet By the way, the first Tether USD transaction can only be seen in the browser; in order for this balance to be displayed in the wallet, USDT will have to be added manually, this feature is explained by thousands of types of digital currencies on the Ethereum blockchain. Upon receipt of tokens from a broker, they can be withdrawn to any popular electronic wallet or bank card, if the account has: ETH cryptocurrencies for the ERC-20 format; TRX cryptocurrencies for the TRX-20 format. The last very important point is the network commission. The purchase of ETH and TRX is necessary just to pay for it. USDT tokens, like any other asset in the ERC-20 format, cannot be withdrawn from the wallet without a fee to miners, which is charged in gas. The only problem is that when exchanging USDT for fiat, the trader will have to pay a commission to the miners. Many wallets set it to the maximum bar. We check the average fee here and fix it manually in the wallet, this applies to the ERC-20 token. In the case of TRC, the commission is almost always quite low, up to $1. Deposit in USDT The account replenishment operation is no different from the above procedures. Having decided on the stablecoin format from the list supported by the forex broker, the trader must start by choosing and opening a crypto wallet. Some beginners aim to simplify this process by sending USDT directly to the broker's address via an exchange. It is worth remembering that the broker requires the deposit address to match the withdrawal address, which in the case of an exchange will be random. Similar problems will arise when trying to replenish a deposit in the Forex market directly from a cryptocurrency exchange. She also uses random addresses for output. Address permanence can only be guaranteed by these companies for accepting payments, not for withdrawals. Having opened his own wallet, the trader must receive USDT on it, and then transfer it from his address to a brokerage account. The problem is that the last operation will require payment of gas, therefore, you will have to replenish your wallet in two cryptocurrencies - ETH (TRX) and USDT. So, to work with Tether ERC-20, we first need to buy Ethereum, and then exchange part of Ethereum for Tether USDT. Sincerely, R Linda!
CRYPTOCAP:USDTEducation
by RLinda
ADAUSDT ! Price goint to move to liquidity zone 1.500The price, after a smooth reversal on the formation of a limit base of orders above the support level of 0.815, forms an increase of 30% and reaches the level of 1.07 with its subsequent breakdown. After a strong growth, the coin does not roll back at all. The price is moving into the consolation phase with pressure to the resistance level of 1.201. It is worth paying attention to locally rising lows. Purchase: 1. I'm waiting for the breakout of 1.209 and the price growth to the first target - the liquidity zone of 1.352. 2. If the price begins to form a consolidation near the level of 1.352 without deep pullbacks, I hold the position and wait for further growth to the second important target - 1.49. Sincerely, R. Linda
Long
by RLinda
1
SANDUSDT ! Price in consolidation from get off up from rangeOn the chart, I clearly showed the phase transition of the market from the state of distribution to the state of accumulation and vice versa. The SANDUSDT coin begins to recover in the market and forms a pre-breakdown consolidation. After a false breakout of resistance, the price does not fall, but returns to the resistance level retest. On the chart, we have several key goals, up to which I will hold the position if the key level 3.59 is broken upwards. Sincerely, R. Linda
Long
by RLinda
WazirX Challenging Downtrend... Upside Potential Developing!The major downtrend that started back in November 2021 is now being challenged... We are looking at WazirX vs Tether (WRXUSDT). We have a volume breakout... Today's volume is the highest we've seen since February, likely to go higher and we end up with the biggest daily volume bar since December 2021. We also have a break above EMA50 and challenge of EMA100... The bulls are putting pressure on the bears. WRXUSDT is getting ready to grow. Namaste.
Long
by AlanSantana
2
What’s Bitcoin, Next Major Move? With Current ConsolidationWeekly Time-frame Bearish Harami Candle means we can expect more correcting move for this week. a bearish week is possible. We are still holding this demand zone. if we break this today we can reach $44,200. 1D Time-frame Drop base drop base on market structure. So we can expect we are in the base at the moment. Expect a drop. Demand zone waiting at $44,700. RSI is bearish, AO is in correction. Greed and fear index is in #52 Neutral. High Volume node waiting at $44,400. Most probably it can bounce in this area. 4H Time-frame Double top and mini double top to drop again and is now dropping already. We are finding the demand zone holding in the neckline breakout area to the downside. It won't be long it will be broken. We will discuss more on the possibility on our Live. Stay tune and check with us! Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news Trade Scholar, the best cryptocurrency educational community online! Find the content above difficult to understand? Feeling lost about how to trade? Want to learn how to do your Own Price Prediction? We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together! Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Short
by Trade_Scholar