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Tetherdominance

Tether Dominance Aims Down At 7.12% (10% Drop)Yesterday Tether Dominance (USDT.D) closed below EMA10 and today we have a full bearish candle. The drop is about to speed up. We see EMA50 as the next support line at 7.94%, but looking back this line is always pierced and MA200 has been the main support. MA200 is sitting at 7.12%, this is where we think stands the first/main support. As Tether Dominance goes down, Bitcoin goes up. We can see at least 1 week bearish, 7 days, to start... As this move develop, we can gain more data and figure out for how much longer this correction will go. Namaste.
CRYPTOCAP:USDT.DShort
by AlanSantana
2
Tether Dominance Mixed Signals + Bearish PotentialI will now read the Tether Dominance (USDT.D) chart for you but let's keep in mind that this one is tricky, it fooled us several times in the past. We have some mixed signals. We have a lower high (Nov. vs June) based on candle wick and a higher higher based on candle close. We have the same pattern forming now as it happened back in June. A correction pattern. USDT.D is likely to move lower to test MA200, the black line on the chart. We see here only a short-term correction. If this goes down Bitcoin goes up. But as it finds support, Bitcoin finds resistance and things turn. I am mentioning this to keep in mind that any Bitcoin rally should be considered a relief rally so stay on the lookout, not to get complacent in a matter of days. USDT.D daily below EMA10 signals bearish potential but this is a weak signal at this point. Lower highs is also bearish yet these signals lack strength. It is a bit mixed because we have a bullish trend maybe entering a correction in a matter of days. We are reading bearish signals on a bullish trend. We specialize in looking for reversals/trend change; that's why. Namaste.
CRYPTOCAP:USDT.DShort
by AlanSantana
1
USDT Dominance on Track. More Blood Ahead??Hope you followed, The market is a little red today. Expecting more blood in the next few Days. Opportunistic times are ahead so there's nothing to panic tbh. The horizontal support has been respected by the index. My plan is to accumulate BTC and some altcoins on spot. For leverage, I will wait for the reversal in LTF. I will keep you posted. Also, I will post some altcoins that I am thinking of accumulating in the first 2 weeks of November. So follow me if you haven't yet. Stay tuned Do hit the link button if you like these short updates. Thank you #PEACE
CRYPTOCAP:USDT.DLong
by Cryptorphic
6
#USDT Dominance, Bounce Ahead. BE CAREFUL!!Welcome to this important update on Tether Dominance! Reasons to Follow me? *10 Years in Trading! *8 years in Crypto (Full Time Trader) *Certified Technical Analyst *Record Holder of Most liked Bitcoin Chart on Tradingview. *Consistent updates on Markets and Trade Setups *No Bias, Long Term Premium Updates for possible BTC Top and Bottom. *All-time Top Author on various assets and index charts globally. *Very Active Community during both bull and Bear Markets Let's get to the chart! Tether has been following our plans perfect for the last few months. Keeping an eye on this chart keeps you one step ahead of others. As you can observe in this chart, Dominance has reached a mid-term demand zone where we can expect a little bounce. This will result in some profit-taking by the leverage traders. The time perfectly matches with FOMC Dates beginning this week. It will be volatile, this bounce will give us some good opportunities to position ourselves in BTC and Alts. MY PLAN:- The plan is to avoid the FOMO and enter in the red market, possibly Tuesday and Wednesday. I will post more trade setups in the next few days SO FOLLOW ME IF YOU HAVEN'T YET! Disclaimer:- This is not financial advice Do your own research. If you like this chart, hit the like button and share your views in the comment section. Thank you #PEACE
CRYPTOCAP:USDT.DLong
by Cryptorphic
9
Drops Below EMA100 | Bearish ConfirmedThere is nothing bearish for cryptocurrency in us seeing the Tether Dominance Index go bearish. This is bullish for the entire cryptocurrency market. The close below EMA100 is the main red signal we look at today. Seeing a red candle below this level, blue line on the chart, is the bearish confirmation. Today is just continuation. Do not expect any pullbacks this thing is about to speed up. See you above $26,000 Bitcoin. See you at $2500 Ethereum... Let's see how all the Altcoins also grow. Namaste.
CRYPTOCAP:USDT.DShort
by AlanSantana
2
Tether Dominance Looses Major Support, Bitcoin To The Moon!USDT.D Gapped down today and after some strugle with EMA100 (blue line on the chart), the bears came out on top... This is good news as Tether Dominance drops Bitcoin grows. We are open to see a $4,000 USD day on Bitcoin maybe this same week. Looking at the bearishness of the USDT.D chart, gives confirmation. The next support that will be challenged will be 5.60% follwod by 5.26/5.05%. With such a huge drop not only Bitcoin will grow but the entire cryptocurrency market is about to enter an impulsive bullish phase. Namaste.
CRYPTOCAP:USDT.DShort
by AlanSantana
1
Tether Dominance Strong Bearish Signals Bitcoin Soaring!Now we are back to the candlesticks and we have strong bearish signals on this chart. This is the daily timeframe/peridiocity for USDT.D. We have a lower high 13-July compared to 18-June. Prices trading below EMA10 and EMA21. As EMA50 works as support, this level is being weakened the more it is challenged. (USDT.D daily now trades below EMA50) The RSI has gone below 50 (bearish) while USDT.D values are high. Today's candle is already displaying an upper wick, signaling bearish pressure. It looks as if a strong drop can happen within days... This would be equivalent to Bitcoin going through the roof. On the 4H timeframe, we can see bearish momentum building up. A strong rejection at MA200... As USDT.D drops, Bitcoin grows. Namaste.
CRYPTOCAP:USDT.DShort
by AlanSantana
1
People Are Starting To Lose Patience...Next to getting rid of your losers and riding for as long as possible the winners, patience is one of the most imporatnt virtues you can have when it comes to cryptocurrency trading. Patience is truly the key to win. When USDT.D was oversold on the RSI, it went up. As USDT.D gets to overbought, it is very likely to drop. The immediate resistance on this index is set at 7.51% followed by 7.85%. The 7.51% is the main one for us and we are bearish here. If this level fails there is still more resistance overhead. USDT.D and BTCUSD have an inverse correlation and that is why we track this index everyday. It can be used for confirmation. If you see a bullish BTC, you can confirm your bias if you also see a bearish USDT.D. A bullish SPX supports any bullish signals found on BTCUSD, etc. There are many different altcoins, indexes, pairs, charts that can be used in this manner, for comparison purposes. Thanks a lot for the continued support. Namaste.
CRYPTOCAP:USDT.DShort
by AlanSantana
3