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Tether

Timing the Market Using Tether DominanceI always emphasize that time in the market beats timing the market, but I want to share an interesting approach that you can consider taking when timing the cryptocurrency market, especially when it comes to Bitcoin's overall direction. This is not financial advice. This is for educational purposes only. Tether Dominance - Just as Bitcoin dominance refers to Bitcoin's market cap relative to that of the entire market cap, Tether dominance is no different. - It refers to how much capital is parked in stablecoins, specifically Tether, at any point in time. - Since Tether (USDT) is a stablecoin that tracksthe USD, an increase in Tether dominance suggests a pullback or correction in cryptocurrencies. - A simple way to understand it is to think of USD flowing in and out of the market. - On the other hand, if Tether dominance drops, it means that more capital is being deployed to purchase cryptocurrencies, which is bullish overall for the market. - If you look at the graph above, you'll clearly see the inverse correlation between Bitcoin (orange) and Tether dominance (black). - Key support and resistance zones for Tether dominance are marked as well. - As we're currently trading slightly above local support, marked in green, if we see Tether Dominance fall below those levels, we could expect Bitcoin to continue rallying upwards. Bitcoin Daily Chart Analysis - We've tested Bitcoin's yearly open price at $47.2k, and failed to break above the 200 simple moving average (purple). - Bitcoin has retraced to $45-46k levels, which is a completely anticipated move considering that pullbacks can take place upon breakouts. - As the overall structure remains bullish, and we see the moving averages cross again, aligning in order for a bull rally, I expect us to retest $50k ranges again. - Whether we get rejected at those levels, or break through it is unclear, but we'll take it by levels as we always do. Conclusion With Tether dominance currently barely holding local support, I think there's a high probability that we see those support levels break down, and see Bitcoin rally upwards once again. This is definitely an indicator that you want to continuously refer to as you trade. If you like this educational post, please make sure to like, and follow for more quality content! If you have any questions or comments, feel free to comment below! :)
Editors' picks
CRYPTOCAP:USDT.DEducation
by Michael_Wang_Official
38
Is It Time For Bulls To Take Rest? Weekly Time-frame We are currently in the Retracement. 23 hours left before the new candle. A strong rejection from $48,000. Support is waiting at $42,000. 1D Time-frame We have printed a red candle which is a Bearish Harami. We can expect more to the downside. $44,195 is our previous low which is possible to be touched again. 4H Time-frame We have been rejected in 0.618. now we push through 0.5 and now breaking the 0.382 in FIB Retracement. next target would be 0 in FIB lines with price target of $44,195.AO is bearish as well. And we are in Low volume node in VPVR. 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
4
Fakeout until we BreakoutSo there’s proof that a lot of bitcoin has been greenlighted for major purchases….perhaps even already purchased but the price action is showing the retracement back down to either the bottom of the descending channel or the bottom of the rising support on macro time frame (white line). Either way, i think every time I’ve tried to short bitcoin it never works out….so buy the dip is my best advice. The Wyckoff model predicts that after this retracement our beloved bitcoin might actually show us the final phase of the running flat correction in which we go parabolic. Terra and Microstrategy and others have now pulled out loans to buy more bitcoin, but remember every time you buy bitcoin it must be SOLD to you, so expect the dip when major buyers come in. The imbalance between supply and demand must be met to increase price action. So far we have lots of supply being slowly sold into buyers and when volume picks up that will show us when the storm begins. Good luck traders. Not sure if you got the memo but we already hit the bottom at $34k and won’t be back there for a long time. IMO
Long
by Fabreezio
Waves Hit A New All-Time High vs Tether + New TargetsWAVESUSDT (Waves vs Tether) hit a peak in May 2021... This was the ATH on Binance back then. Today a new ATH has been hit and the rooms are open for additional growth. There isn't much to say other than the fact that you can find new/updated targets on the chart. Read the WAVESBTC analysis to know what this means for the Altcoins market (new ATH). Previous articles: www.tradingview.com Thanks a lot for your continued support. Namaste.
WLong
by AlanSantana
7
Siacoin Bullish Bias Remains StrongWe reviewed several Altcoin pairs that went through a similar price action to Siacoin (SCBTC). We can see an initial break of EMA50, 27-March, followed quickly by a retest of this level, 28/29-March, and it holds... If the same pattern repeats as with other Altcoins, from this point forward Siacoin can resume its growth. Of course, we have bullish indicators and bullish signals on this chart. You can visit the "Related Trade Ideas" below for previous analysis with additional information as well as Siacoin vs Tether (SCUSDT)... Thanks a lot for your support. Namaste.
SLong
by AlanSantana
5
XTZ/USDT technical analysis chart (TEZOS) Current technical analysis of XTZ chart let me know if you have any doubts or questions which you can leave in the comments and if you have any criticism towards my chart, would be greatly appreciated! Red line (2.9) = current strong support Yellow line (3.8) = current strong resistance Orange line (4.4) = hard resistance (potentially might bounce down) Cyan line (5.3) = target selling price strong high resistance Green line (6) = recommended selling price if still holding unless you think it will reach the top of the ray or even the channel BINANCE:XTZUSDT
Long
by glebfomin6
6
Tether Dominance Long-Term AnalysisWe looked at this index on the short-term, ultra bearish yesterday we said. Now, I would like to look again at Tether Dominance (USDT.D) but long-term. Doubt can creep in anytime as the market can always turn... We can be bullish today and tomorrow everything is red. But things can go from red to green as well. We see the Tether Dominance chart as bearish on the long-term... We will get into the details. EMA10 is working as support on this weekly chart. EMA10 is at 4.17%. Last week we have a high wave candle after a lower high. We also have a lower high long-term compared to June last year... This is very bad when it comes to TA. I changed my mind... I don't want to go into details anymore. This thing is bearish and if the inverse correction between BTCUSD and USDT.D continues, then Bitcoin is set to move higher as the Tether Dominance drops. This is also a famous pattern: I will do better next time. Thanks a lot for the support. Namaste.
CRYPTOCAP:USDT.DShort
by AlanSantana
2
Tether Dominance Ultra BearishOne of our readers pointed out the USDT.D (Tether Dominance) chart... It is ultra bearish. Let's get started. We have these strongly bearish candles (1): While prices are now moving below EMA10 (2), we also have a double top (3) and a lower high (4): The MACD is about to print a bearish cross (5) while the RSI is about to move to weak from strong (6). These are many bearish signals... Bitcoin is moving higher (7). USDT.D and BTCUSD have an inverse correlation. Taking this into consideration, we can expect Bitcoin to grow some more. Namaste.
CRYPTOCAP:USDT.DShort
by AlanSantana
3
EOS Token Picks Up Bullish Momentum (EW For Beginners)EOS Token (EOSUSDT) is a tricky one... I remember this pair hitting support and once we buy it goes down and hits a new low... This happens over and over until we completely give up... Next thing you know, it starts to grow! --- We have the highest volume today on EOSUSDT, the highest since early December, it can hit a local peak. Remember the waves... As it hits resistance it will retrace or consolidate for a few days. Once this retracement/consolidation phase is over, then starts a new bullish wave. Normally the waves develop in a sequence of 5 moves... 3 are upwards (impulses), 2 are downwards (corrective). :D Just kidding... Thank you for reading. Namaste.
Long
by AlanSantana
Dogecoin vs Tether Looks like Chainlink (100% Potential Jump!) This chart looks just like LINKUSDT. We have prices trading above EMA50 after it was tested as support. Bullish indicators with Dogecoin ready to grow. You can find the targets/additional details on the chart. NOTE: I am always mapping 100%, 200%, etc. for the bullish move but it can definitely be much, much higher. We are grateful with any and all gains so we set conservative targets but the reality is that the Altcoins market tends to move much more stronger than what we share everyday. You can use these charts as reversal signals... You can take care of the rest. This is not financial advice. This is shared for your learning/entertainment purposes only. Thanks again for reading. Namaste.
Long
by AlanSantana
2
Chainlink Goes Bullish (Trading Above EMA50 | 35% to 144%)LINKUSDT (Chainlink) moved and closed above EMA50 23-March. This level was tested as support right away, the next day and now we are seeing green candles above this level. The RSI is at 60 while this pair just came out of a low... The MACD is already bullish... Chainlink vs Tether can also grow. You can find more details on the chart. Remember to do your own research before trading. There is always risk involved. This is not financial advice. Namaste.
by AlanSantana
2
MARKET MAKER GAMES HAVE BEGUNLMAO how many long liquidations??? How many investors keep trying to buy when bitcoin has already pumped? It fascinates me the herd mentality. Meanwhile the fear and greed index jumped from 26 to 31 to 40 to 47 which shows the reactive trend of people buying bitcoin now that it shows “growth” on their robinhood accounts…..let’s be real here and understand that $46k is going to take a LOT to break through and hit $52k. Lack of volume….altcoins are showing massive volatility and interest compared to bitcoin. I’m shorting to $30.5K…. Good luck. Market has not priced in any of the bad stuff yet to come.
Short
by Fabreezio
3
IDEX vs Tether Update (80% First, Up To 180% Next!)If you read my analysis for IDEXUSDT on the 14-March, you can easily tell that we are still on the same path... The falling wedge pattern bullish breakout is now fully confirmed, the next resistance is set at 0.16290 or EMA50. Once this level is taken out, IDEXUSDT can fly up. It is easy to see ~80% on this chart setup and up to 180%+ if this move turns out to be strong. It is still early though as we have no volume confirmation... Thanks a lot for the continued support. Namaste.
Long
by AlanSantana
Trading Signal For GMEEUSDT : Don't Miss This OpportunityTrading Setup: A Trading Signal is seen in the GMEEUSDT GAMEE. Traders can open their Buy Trades NOW Rank : ⭐️⭐️ ⬆️Buy now or Buy on 0.0860 ⭕️SL : 0.0685 🔵TP1 @ 0.1175 🔵TP2 @ 0.1655 🔵TP3 @ 0.2195 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands If you liked our ideas, please support us with your likes 👍 and comments .
Long
by pullbacksignal
9
Could Market Adoption Break 45,000?Weekly Time-frame We are breaking the double bottom pattern. Price target at $52,194. Seems like we are about to turn the supply area into demand area and make a rally base rally set up. Retest of the supply area and not break it would mean we can get dump to up to $41,574. 1D Time-frame Greed and Fear index is now in #40 which is still fear. Liquidation reached $120M 68% of it from the short position. Which would mean there is a clear floor to the downside that can start dumping the market again. Ichimoku Cloud is forming a beautiful bullish cloud. We are hoping to break the supply zone at $43,900 If we make it our new base then we can continue to the upside. Retest from the Supply zone would mean we are going down to $41,296, $38,434 bottom $37,000. 4H Time-frame Strong demand zone is waiting at $41,296. Awesome Oscillator is now turning bearish twin peaks. We can expect that this is the bottom if we print the next volume a red volume. 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.
BINANCE:BTCUSD.PLong
by Trade_Scholar