#USDT Dominance: When AltSeason?My previous chart was hidden by tradingview because of some mistakes. So posting this again with a little change!
Tether broke the long-term support of almost 2184 days. This is an amazing development in the price action. The current level is the point for reversal. If there's any big correction happening, it should be around the halving.
TBH, this chart gives me chills. Imagine if this keeps dumping, you'll see $100k in the EOY! Of course, the road will be bumpy, but sooner or later, it's coming.
Alts will have their time after the halving, Possibly June -July to September 2024!
We could see some massive Alt Rallies!
Invalidation: This chart will be invalidated if we break and close above 4.81% in a weekly candle.
Do your own research, no financial advice.
I hope this chart gives you some clarity over your trade decisions.
Please hit the like button if you found it helpful and share your views in the comment section.
Thank you
#PEACE
Tetherdominance
#USDTD #Update "C" #USDT #Tether #Market #Cap #Dominance#USDTD #Update "C" #USDT #Tether #Market #Cap #Dominance
#AltCoins & #Crypto #Market #DUMP #Soon (( #Eddy ))
(( Everything is progressing as per the last analysis sent to you, I have updated the areas and path for you. be profitable. ))
Related Tether Market Cap USDT Dominance Analysis : (( USDT.D )) : Check Link :
Related Relevant Analysis of Bitcoin : (( BTC/USD )) : Check Link :
Rounding Bottom Pattern will Make Correction on Crypto market🚨🥳I hope you have a Great weekend.
📈Today, I want to analyze the Market Cap USDT Dominance% (USDT.D%) for you, which greatly impacts the cryptocurrency market trend.
📚 What is Market Cap USDT Dominance% (USDT.D%)❗️❓
🔸 Market Cap USDT Dominance% (USDT.D%) shows what percentage of the money is on USDT. There are 2 causes of the increase of USDT dominance.
🔸The first is that investors put cash on the market from the outside, which is due to the unfavorable weather in the market. And the second is again, as the market falls, investors withdraw their funds from cryptocurrency investments and put them to USDT. In both of them, a decrease in cryptocurrencies and an increase in USDT holders are observed.
🏃♂️What is Market Cap USDT Dominance% (USDT.D%) is currently moving in a 🟢 Heavy Support zone(5.35%-4.90%) 🟢near the Support lines and 200_SMA(Weekly) .
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
✅In addition, USDT.D% has managed to form a standard Rounding Bottom Pattern , which can be a sign of the end of the downward trend of USDT.D% .
📚What is the Rounding Bottom Pattern❗️❓
🔸 The Rounding Bottom Pattern is a Reversal Pattern. It is also referred to as a saucer bottom pattern. It is a trend reversal pattern used in technical analysis to identify the end of a downward trend and the gradual price shift from a bearish to a bullish trend.
🔔I expect USDT.D% to be bullish in the coming hours and at least rise to the 🔴 Resistance zone(5.50%-5.43%) 🔴, which could cause the cryptocurrency market to a correction .
Market Cap USDT Dominance% Analyze (USDT.D%), 1-hour time frame ⏰.
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Cryptocurrency - At A Crossroads...Reposting this just as the historic Ethereum Merge gets underway. (Original post from July was removed)
Since the March 20 low when the market cap was a measly 91 Billion, the crypto space added a whopping $2.7 Trillion before topping out in November 2021, an impressive 2700% jump.
The market has since corrected 74% to the tune of $2.25 trillion. We are now testing 2018 highs along with the 0.382 Fibonacci level.
We could also see that the space found support at the 0.382 during the 2018 correction.
The market cap has travelled in this ascending channel for about 5 years, it has now reached the critical red dashed trendline , you will notice that it tends to act aggressively here.
Price initially found some resistance before breaking through in November 2017. In August the following year, it failed as support and a 60% drop followed.
The trendline then proved to be resistance with a firm rejection in July 2019, price finally broke through in January 2021 before going on to make new all time highs.
Another crucial support being testing is the Simple Moving Average (Blue Line), we could see that price found support here during the 2018 bear market low,
& once again during the March 20 sell off. Should the SMA act as resistance, we may tread the bottom channel for some time.
Should the SMA, trendline & the 0.382 hail to hold, the 0.5 Fibonacci lines up nicely with the bottom support trendline, this is about a 50% drop from current levels. (My Ideal Load Up Zone)
If we look at the correction that took place in 2018, a similar 88% plunge will place us right at the 0.618 Fibonacci level. (Reload Zone)
On the flip side, should price action remain in this ascending channel, the bottom trendline will line up with 0.382 in January 2024.
It also marks a similar duration between the 2018 top & March 20 lows.
Over the last 18 months, it has certainly paid to be a US dollar bull, whilst everything else has fallen to pieces (it seems).
With its largest interest-rate increase in 28 years, the hawkish Federal Reserve signalled a strong determination to fight inflation, even if it ultimately takes a toll on the economy.
This has undoubtedly affected cryptocurrency. Despite Bitcoin's inflation hedge narrative, a speculative asset class was never going to be spared.
“Be fearful when others are greedy. Be greedy when others are fearful.”
Back in July, the Fear & Greed Index had broken the record for uninterrupted extreme fear.
The index had been in a range of extremely negative sentiment for a record 72 days.
The extremely negative sentiment had been in place since BTC collapsed from the $38,000 level on May 5.
Today, the Bitcoin Fear & Greed Index sits @ 27/100, narrowly avoiding extreme fear levels.
Are the bulls ready to turn the tide? Or will the bears continue the assault & send us to the abyss?
With PI Cycle theory flashing a bottom, market ripe with fear, miner + retail capitulation, calls for BTC to hit 0, market oversold with RSI+MFI @ record lows, tether dominance showing weakness, in my humble opinion - its time to DCA into positions.
There is no doubt, an interesting few years is upon us.
Good Luck!
Speculative Setup, DYOR.
#USDTD #Update "B" #USDT #Tether #Market #Cap #Dominance#USDTD #Update "B" #USDT #Tether #Market #Cap #Dominance
#AltCoins & #Crypto #Market #DUMP #Soon (( #Eddy ))
(( Everything is progressing as per the last analysis sent to you, I have updated the areas and path for you. be profitable. ))
Related Tether Market Cap USDT Dominance Analysis : (( USDT.D )) : Check Link :
(( BTC/USD )) latest update link :
USDT.D ANALYSIS (NEW UPDATE)First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT .
Let's see what is happening on the Dominance Tether chart.
The correction and drop has started from where we have inserted "Strat" on the chart.
From where "Start" is entered, a 9-wave symmetrical pattern has been created, which was wave A of our correction.
Thanks, we have had an ascending triangle that is now complete. This 4-wave triangle was our wave A of B, and now we have entered wave B of B.
From the green area, we expect a C wave from B upwards to form a big B wave.
The condition for the analysis to be true is that we do not have a stabilization below the invalidation level with the daily candle. (one daily candle)
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
TETHER is becoming increasingly more unstable.Tether is the biggest Ponzi scheme in the history of crypto and is becoming increasingly more unstable every day. USDT is subject to many factors, such as the rising and falling value of the dollar and the constant increase of Tether into Infinium to manipulate the price of other cryptocurrencies that are solely reliant upon USDT for purchase.
I do believe that we will see a day in the very near future when Tether (USDT) will collapse and lose the vast majority of its value overnight, much like the TerraUSD/LUNA collapse, except it will be orders of magnitude more extreme as Tether has a market cap that TerraUSD could only dream of, even in its heyday.
If you hold large amounts of TETHER on any blockchain, you're taking massive, unseen risk.
#Tether Will $48k be the top or $52k is still on the cards?The rejection of USDT Dominance from the grey area recently contributed to the upward movement, pushing the price to $48k.
To sustain the momentum and reach the FWB:52K - FWB:54K level, the index must break below this channel.
In the event of a breach in the grey level area, FWB:48K could become the local top.
Let's hope we break down!
DYOR, NFA
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#USDT Dominance signalling a Buy Signal, EXIT ALTCOINS OR WAIT?Tether Dominance Analysis:
☑️ A slight rejection is visible; historically, rejection leads to continuation, while a breakout triggers an exit from the market.
☑️ G-Trend has already triggered a buy signal, implying a shift to selling altcoins for USDT.
☑️ For confirmation, altcoins might dip a bit more.
☑️ The blue trendline and the 6% level are crucial points to observe.
I exited 40% of my altcoins which had vertical moves on the 4th Jan right before the bleeding started.
I have plans to buy back lower but not unless I see some confirmation!
Do hit the like button if you like my updates and share your views in the comment section.
If you do, I will let you know when the sentiment changes!
#PEACE
USDT.D as predicted Bullish triangle eh :)
( check the related ideas down below ) i gave you the bottom of the movement which one of the reasons for me was usdt dominance , as you can see candle arrived to parabolic support which will react sooner or later , my prediction is to reach the top or close to the top of channel before halving and the nuke for a year of gains , so stay safe here as its a dangerous time .
#USDTether Your Altcoins are Dumping? What to do?
Let's analyze:
Dominance Update: Even though Altcoins aren't reacting as expected while BTC remains relatively stable, Tether (USDT) is in a tricky spot.
The uncertain situation, often called the "grey area," is holding things together for now to some extent. If the dominance goes above 6%, it could signal a trend reversal.
Keep a close eye on this chart – it's like your crystal ball for market insights.
For the current trend to continue, we need a rejection at this level.
Breaking through won't be easy, but it's possible.
Stay alert for signs that support or challenge this analysis.
DYOR, NFA
#BitcoinETFs #Bitcoin
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GOLDEN STAR|Bitcoin in the trading range areaBy reaching the specified support level, we expect bitcoin to start its growth from this area and after breaking the trending range, it will reach the resistance level of 45100 and then 46450.
-Be careful that we have to wait for the closing of the 4H candle to confirm the growth and reach the specified goals.
ETH Leads the AltsTraders,
Sorry for the infrequent posts lately. I have been feeling under the weather. But TBH, it was good timing. As stated in my previous post, I expected alts to draw back 10-15% or more pending indications. So far, I think it's safe to say we've had our 10-15% pullback. Now, the question remains, will that steep ascending TL I talked about seeing on all of the altcoin charts hold. For ETH (as well as some other alts) it has not. And if Eth leads the alts, which it does, we can still expect more pullback. But how much?
There are a couple of things to look at here on this chart:
#1 Will our support at 2120 hold?
If that 50 day SMA comes up to help, it just might. However, to gain a broader context and therefore, a more accurate current scenario, it helps to visit some other charts to understand what's going on here.
First, let's take a look at Tether Dominance:
You will observe most importantly that Tether dom has broken an import TL on the RSI to the upside. This most likely means that traders are currently selling mostly BTC and also large cap alts but are NOT going back into mid to low-cap alts. They are staying in stable and will probably continue to do so for a short time.
Total2 is also giving us possible clues here:
You can see that though Total2 has not yet broken that steep ascending TL, it's now looking more probably that it will. Why? Well because it is more probably that we retest previous major resistance (that big red Level of support) than that we hold current support.
From a technical perspective, a retest of our previous resistance is highly probable and quite honestly, needed, for further continuation to the upside.
#2 That level on the RSI is starting to be broken. Now, it may hold by the time the candle closes today, but this is something we must watch closely. Remember what I said in the last video? These levels on my RSI charts are currently acting as lead indicators for the price levels on my charts. We saw that several major levels had been broken in my video, and that is why I was so certain we'd get this 10-15% pull back. Here again a good support level is current being tested and may break. So, it is possible that if it does our 2120 support would also then break. This would domino into alts for an even deeper retreat where we could start to look to buy long again.
So far, this has been a healthy little pullback. And I think we could see a little more before it's time to re-enter longs.
Stewdamus
#USDT Dominance :- This move will push BTC to $42k+Tether is retesting the support-turned-resistance trendline below the mid-support of the channel. This is good news.
A move to the lower side range of 5.65% will trigger a rally throughout the market.
this move seems highly likely to complete the pattern.
Invalidation will be a close above 6.75% in the Daily chart.
So far it looks ready for a FREE FALL.
Let me know what you think in the comment section and do hit the boost button to support my content.
Thank you
#PEACE
#USDT dominance giving us a hit to our Bitcoin's Local TOP!#USDT Update: Tether has shattered every support, mirroring Bitcoin's breakthrough of resistance. The 5.26% area emerges as a potential next target, hinting at further upside for Bitcoin.
While Bitcoin's chart signals a local top near $40.2k, this breakthrough could spark a rally to $42.8k, a significant long-term support turned resistance level. So, our $40k+ target remains plausible as long as $35k holds.
Cheers! 🚀
#usdt dominance #usdtd is preparing a bounce assault?After losing the bullish triangle and #btc pump, #usdt dominance lose weight. But, now USDT.D formed a falling channel that would possibly break out upwards. If #usdtdom breaks up, this will be a blood bath for #cryptocurrencies. If, #tether dominance breaks down and dumps out of channel this will be a rally for market (the invalidation scenario). First one is more probable for now, we' ll see.
NOT FINANCIAL ADVICE. Don' t take positions due to my posts.
Tether's dominance will soon be bullishFirst of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT.
Tether's dominance has reached key support, but don't rush to sell your assets! But be careful.
Some altcoins have not yet touched their bullish target, each chart should be checked individually.
Probably, after a few weekly candles in this area, Tether's dominance will return to the top to complete the g wave.
As Tether's dominance returns to the upside, Bitcoin will probably reject towards the 31000-32000 range.
BTD.D & USDT.D -----> What's Happening?As I said before, I will say again that the market will always give you another chance to buy and there seem to be signs for this second chance.
Possible scenario for me:
Pullback to the broken levels of dominance by Tether and Bitcoin in the coming days and try to collect liquidity from the market and stop hunting small traders like me!
Then the return of dominance and the price of Bitcoin to the upward trend of the past .
and activating stop losses of positions in the opposite direction and possible shorts again!
What do you Guys Think about Btc.d and Usdt.d?
USDT.D looks bearish!Hello . Today we have an analysis of USDT.D
First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT.
Through my investigations, I found out that Dominance Tether is constantly in descending CHs and has recently formed a resistance OB. It can have up to two lower green areas.
I also specified the invalidation level, closing 1 daily candle above this level will violate the analysis.
Be careful, the fall of Dominance Tether may not cause the pump of some altcoins, so every position you open on any altcoin, examine the chart of that altcoin and pay attention to the details.
#usdt #tether dominance is going crazy (Mid/Long Term Strategy)#tetherdollar dominance in market is slightly following uptrend channel since end of 2021. Weeks ago started form a bullish flag. I highlighted the target on the chart. When it reaches the the target (in mid / long term in 2024 I think) the altcoins will already had a long blood bath.
NOT FINANCIAL ADVICE. DYor.
Tether's Dominance Aanalysis (4H)Tether's Dominance, after creating a bullish CH and the BOS it had, climbed and ran into a fresh Order Block and has now reacted to it.
Inside this OB, we also have a QM Level that has increased the power of this supply area.
Also, a liquidity pool that I have shown in $$$ has been collected
According to the movement of Sharp (ifc) and the lack of trading liquidity, it is expected that the price will move towards the swap support area after settling down a bit.
As you know Tether Dominance moves inverse of BTCUSDT. This means that Bitcoin and some altcoins may go a little higher.