📈 A Year Long Head & Shoulders Pattern & Volume SignalLooking at USDT.D short-term we can see lots of weakness.
Looking at USDT.D long-term we can see a pattern of decreasing volume.
We have a year long Head & Shoulders pattern, a huge pattern, that will lead to a massive crash on this index, money will flow from this and other stablecoins to Bitcoin and the Altcoins as the Cryptocurrency market grows.
This long-term volume dropping pattern tends to precede a massive crash.
If you notice Bitcoin and many Altcoins, their volume lately has been up to All-Time Highs.
Since these are growing, their volume hits new highs and continues to go up (in 2023).
Since Tether Dominance is set to shrink, its volume continues to go lower and lower until there is a breakout and the bearish volume has a strong increase.
Let me show you three examples using some of the biggest exchanges.
Here is Bitcoin's volume long-term on Binance | BTCUSDT (see the increase)
Volume is going up, while USDT.D volume has been going down.
On KuCoin volume has been growing since 2020
Coinbase is the same...
Just some examples, because the dropping volume on the USDT.D chart is pretty obvious.
Namaste.
Tetherdominance
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USDT.D will rise (1D)First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT .
Taking more time, we came across signs that USDT's dominance is about to rise.
We have two TPs that we have marked on the picture.
Increasing Tether dominance will mean the fall of Bitcoin and altcoins.
📈 Tether Dominance | Long-Term Lower Highs Bearish ConfirmationTether Dominance has been fighting to stay above EMA50 weekly since the year started, January 2023 and things aren't looking good for this index.
✔️ When Tether Dominance (USDT.D) goes down, everything Crypto (Bitcoin + Altcoins) goes up.
Tether Dominance closed last week above EMA10/21 just to be pushed lower once more, EMA50 working as support.
The longer a support level is challenged, the weaker it becomes.
Four and a half month EMA50 becoming weaker and weaker...
Since June 2022 we get lower high after lower high... Confirming the bears have the upper hand or else we would be seeing higher highs instead.
There are more bearish signals:
Trading volume keeps going lower and lower.
The RSI continues moving lower and lower, now below 50.
Bitcoin has one more bullish wave to give and we have an inverse relation between these...
It is the same chart, the same pattern we've been looking at now for many months... USDT.D peaking and consolidating before the next drop (distribution).
The longer it takes to break down, the stronger the drop when it comes.
It is very hard to invalidate this chart setup...
We would need to see a weekly close above 8.25%... So far it continues looking red.
This is confirmation. A bullish signal for Bitcoin and the Altcoins.
Thanks a lot for your continued support.
Namaste.
📈 Tether Dominance Monthly & The End Of The WorldWe looked at this timeframe once in the past and this is a very important one.
Tether Dominance closed last month on a strongly bearish candle, this month it is moving again below EMA10... USDT.D has been below EMA10 monthly only a few sessions in its entire existence... This is a major development and ultra-bullish for the Cryptocurrency market; Bitcoin & Altcoins growth.
It is really hard to belief because the world is ending for the 1 millionth time and as the world ends it is impossible to imagine anything positive happening but remember, the world has been ending ever since the day it was borne.
Listen, when something, somewhere goes down, something else in some other place goes up.
For example, the end of the world was Covid or the 2008 financial crisis, or 1929, or the revolution, or the World War, etc... It continues, it never really ends...
Back to my point, when Covid was launched, a huge portion of the world was hit very, very baldly but at the same time an entire portion that was suffering for a long time started to thrive.
My point is that energy cannot be created or destroyed it changes from one state to another.
✔️ If one industry goes down, another goes up.
✔️ If one country is going down, another one is rising up.
✔️ If a system is dying, a new one is being born.
Yes, there is negative in this world but look at the positive...
The positive is us, LIFE!
The world is not over... It is never ending, it is ETERNAL!
Get back to work!
Namaste.
📈 Tether Dominance Replete Of Bearish SignalsSince everything I share is bullish, it is good to read the Tether Dominance chart to look at some of the bearish signals, for learning and entertainment.
We have the lower highs mixed with candlestick reading.
1) The inverted hammer as a lower high (double strength).
2) Doji after lower high inverted hammer (triple strength bearish signal).
3) Rejection at EMA10 and EMA21 (additional confirmation more strength to previously noted bearish signals).
4) MACD moves below 0 trading below signal line.
5) RSI trending lower and downtrend since June 2022.
We want to see the action... Let it drop!
Let the entire Cryptocurrency (Bitcoin + Altcoins) market go up.
Namaste.
USDT.D ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the USDT.D symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Tether Dominance - showing signs of pivotal movementUSDT Dominance is currently at a level of strong longer term trend SUPPORT (i.e. market resistance level).
Red circles represent contact with the current trend support which signals the selling of USDT (i.e. buys in the crypto market), with a current double bottom shown.
Green circles represent the current trend resistance hits and USDT sell-offs (crypto market rallies).
With the FOMC meeting starting today and concluding tomorrow, FED announcements will dictate "loss of this support" (market rally) or a "Bounce at support" (market sell-off).
📈 Tether Dominance Monthly, First Time Ever! (4.10% Next)This is the first time ever we look at Tether Dominance on the monthly timeframe.
This is extreme bearishness what I am seeing here.
Let's start at the end, the stage is set for a drop to 4.10% minimum, that's the conclusion.
I mentioned that this would translate to Bitcoin at around ~$40,000.
Notice the "~" symbol, which means more or less as it should range between $38,000 and $42,000 when the time comes, which is soon.
USDT.D already printed an upper wick and trading near the low of the current session/candle.
The current candle trades below EMA10 on a very, very strong bearish bias.
✔️We have a massive rising wedge that already broke bearish.
✔️We have lower highs long-term (more than 6 months).
✔️And volume going lower and lower.
The volume will only increase again when the major drop comes.
As USDT.D goes down, Bitcoin and the Altcoins goes up.
✔️ Please make sure to Boost to help with your support.
Thank you for reading.
Namaste.
📈 Tether Dominance Long-Term Bearish Trend ConfirmedLast week closed as an inverted hammer and this was the "last hooray".
EMA50 still stands as support but we have multiple lower highs since June 2022.
The weekly MACD just entered the bearish zone:
The weekly RSI is also showing a strong bearish bias:
All the USDT (Tether) will be used to buy Bitcoin and Altcoins.
Here we can see clearly on the daily timeframe how MA200 has been lost as support:
Below this level Tether Dominance is always bearish.
Notice bear volume being at its highest since November 2022 when USDT.D started to decline.
The next drop will send USDT.D to around 4.81%, a major drop.
This is the level it traded at around April 2022, this would mean Bitcoin trading at about $40,000.
There is strong support at this level just as Bitcoin will face strong resistance at $40k.
Everything is pointing in the same direction... Bitcoin will grow like the world is ending... But the world isn't ending, it is just the end of an era where a new financial system will emerge.
✔️ Bitcoin is the future of money.
✔️ Cryptocurrency is the future money.
✔️ Bitcoin is the present of money.
✔️ Bitcoin is very likely to save us from another 2008.
Namaste.
📈 Tether Dominance 25-Feb. Update = Bitcoin BullishFor this update, I left the chart from the 25-Feb. trade idea intact where I mention:
"Last time USDT.D found resistance at EMA50.
"Yesterday, the peak was hit at exactly this same level.
"This resistance is there but likely to be taken out."
USDT.D is now facing the next resistance in the form of EMA100, this one is stronger and less likely to be taken out.
In fact, I believe that this one will hold but let's see what the chart has to say as believes don't hold much value in this game.
The trading volume has been low and it is going lower.
The RSI is curving down and showing some bearish divergence.
Technically speaking, solely focusing on the chart, this resistance can also break but the next one at 7.51% is super strong and the last level, MA200.
Conclusion
We are seeing a bounce take place but the bearish bias remains strong.
The initial move is a bearish breakdown that happened in January, after a lower high in December.
This drop continues active below 8.77%.
But we are looking at a drop now and Bitcoin moving ahead.
If it moves to MA200 it should all still happen within a matter of days, say 5-9 days max and that's it for this bounce.
For those not familiar with why I am reading this chart.
Bitcoin (BTCUSD) and Tether Dominance (USDT.D) have an inverse relation.
When USDT.D drops, Bitcoin goes up.
When USDT.D goes up, Bitcoin drops.
USDT.D is now facing resistance as EMA100 and if this resistance holds, we get a continuation of the previous drop... And Bitcoin goes up.
Namaste.
📈 Tether Dominance Bounce vs Bitcoins Correction AnalysisTether Dominance produced a bounce and this isn't surprising as this is within normal price action.
Last time USDT.D found resistance at EMA50.
Yesterday, the peak was hit at exactly this same level.
This resistance is there but likely to be taken out.
If EMA50 is confirmed as resistance a second time the below analysis isn't necessary.
After EMA50 or 7.04% Tether Dominance faces another challenge in the form of EMA100 (7.31%) and MA200 (7.46%), these resistance level are likely to hold.
The candles can pierce a bit above these levels before dropping or it can drop before reaching said levels but these are very likely to be confirmed as resistance on the first try as it happened with EMA50.
MA200, the black line on the chart, is a long-term indicator and thus this resistance needs to be confirmed.
Since it is the first time that USDT.D moves below this level since April 2021, it is important to retest it before continuing lower.
Once a level is turned, in this case from support to resistance, it needs to be tested as resistance to see if it holds.
If it holds, the USDT.D long-term downtrend is confirmed and the index is set to move much lower.
If it doesn't hold, the downtrend is likely to be over and USDT.D can resume growing.
Our belief based on reading multiple charts all across is that this level will be confirmed as resistance.
It can happen sooner than expected but the timing is for the market to decide.
Bitcoin moved from $15,500 to $25,250, which makes it normal if any type of correction, short or strong shows up.
But after the correction continues the growth.
Bitcoin is ultra-bullish above $22,222.
Bitcoin remains extremely-bullish above $20,000.
Breaking below $20,000 would be a very bad signal but the bullish potential would remain intact above the late November 2022 low.
As long as Bitcoin continues trading above its November 2022 low, the bullish potential for higher highs and higher lows long-term remains active.
Namaste.
📈 Tether Dominance Points LowerUSDT.D bounced from 2-Feb. to 14-Feb. finding resistance at EMA50 and producing a lower high.
EMA50 has been confirmed as resistance and this lower high will now lead to a lower low.
USDT.D is set to drop based on this MA analysis.
Also, the RSI is below 50 which is bearish.
The MACD below zero while printing a bearish cross.
These additional signals support a lower low.
As USDT.D goes down, Bitcoin and in this case the Altcoins mainly will go up.
Remember that just as the big Altcoins take turns with the smaller Altcoins, Bitcoin takes turn with the market as a whole.
Namaste.
USDT Dominance Bump and Run UpdateSo far we're flowing exactly how I expected. We just got a pullback... but we did not retest the running trendline (the trendline with the increased degree of rise).
We now look like we're on the move down after a little correction. The next few weeks will continue to give us clarity. Breaking some of the horizontal supports would increase confidence that the bull, at least short term, is back. These levels are:
1. ~6.5%
2. ~5.6%
3. ~5.0%
TETHER DOMINANCE - Bump and Run UpdateQuick update on the bump and run reversal idea that I posted several weeks ago right when we broke the trendline. At the time, I was super bullish on crypto in general because I've seen this structure play out many times in the past.
So far, TETHER dominance has continued to slide which is an indication that other crypto assets are continuing to rise. There are so many bears out there calling for a raid of the November lows and a push even lower.
I have one thing to say about all the mega bears out there. If you ignore all the major movements and just sit and wait for a single trade that is going to make you rich, then you aren't going to make it. You have to harness the moment and take advantage of the major moves that the market gives you on a regular basis. Sure, you'll be wrong sometimes, but if you rely on 1 or 2 trades to make you rich, then one of two things will happen:
1. You won't get your dream position
2. You're going to get demolished and end up losing anyway
I've seen it over and over again. Harness the trend and realize when there's a trend change. Take advantage of it and know when numerous instruments are telling you things are changing.
📈 Tether Dominance Resistance EverywhereWe are seeing a small bounce taking place on the Tether Dominance chart matching the current red candle in Bitcoin's and Ethereum charts... As well as everything else since the entire market is connected and does the same.
Tether Dominance already found the first resistance at EMA10, this is the easy short-term one.
Notice the bearish cross between EMA50 and EMA100. A bearish cross always leads to a bounce short-term but fully develops mid-term.
A bounce that ends up in a lower high to produce a lower low. This is strongly bullish for the entire cryptocurrency market.
We saw this same signal to support a bounce on the Tesla (TSLA) chart.
After EMA10 we have the 0.618 Fib. retracement (strong resistance).
Followed by MA200, long-term support turned (strong resistance).
Then the bearish cross is another strong resistance level.
Finally, the 0.382 is a major strong resistance.
Tether Dominance is set to continue lower, regardless for how long or how high goes the bullish break.
It is normal to see corrections and retraces, it is also normal to see a continuation of a newly stablished trend.
Namaste.
#USDT Dominance You need to read this.So, USDT Dominance breaks down after almost 290% pump and 15 months of an uptrend for you to finally turn Bearish?
zoom out
GROW UP!
I've been updating this chart when no one was. This is the only indicator for you if you want to trade Altcoins and BTC in general.
When BTC is done with this pump expect BTC to reach $25k -$28k when it stops and goes sideways.
That will be the time when Alts start pumping in 3 digits in % a day.
This is my own observation and not financial advice,
Follow me if you want to trade with me.
Do your own research!
#PEACE
#Stable Dominance , Dump will Continue, Here's Why!Once this pennant breaks below BTC is likely to hit $22.5k+.
Is it likely? I think Yes.
Lower support is around 4.14%
Once this level hits expect some correction in the market.
The charts show the possibility of the continuation of this uptrend.
Invalidation:- Break and close above 4.85%
Let me know what. you think.
Please hit the like button if you like it and share your views in the comment section.
Stay safe
#PEACE
📈 Tether Dominance Trading Below MA200 Favors The BearsThis is a long-term chart for USDT.D (Tether Dominance)... Notice the black line, MA200.
Back in late December 2021, Tether Dominance moved above MA200, this signaled the beginning of a long upwards trend.
This also confirms MA200 as a long-term indicator.
Recently, 13-January-2023, Tether Dominance moved decidedly below MA200, signaling a long-term potential going lower.
As USDT.D goes lower, Bitcoin/Cryptocurrency goes higher.
If it goes lower long-term, crypto goes higher long-term.
Thank you for reading.
Namaste.