Tetherdominance
USDT Dominance 10.02.2022Dominance Tether is stuck between two levels of 7.2%-7.8% and has hit several times from the upper level and several times from the lower level. If it hits any level this time, the probability of breaking that level is very high.
let's see what happen on Monday.
This Analysis will be updated!!
TETHER DOMINANCE correction from the resistance area ❌🧨Hello 🐋
Based on the chart, the price is close to the resistance zone ✔️👌
if
the price doesn't break the resistance zone to the upside, we will see more correction to the downside ❌🧨
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
TETHER DOMINANCE correction ❌🧨Hello 🐋
Based on the chart, the price is close to the resistance zone ✔️👌
if
the price doesn't break the resistance zone to the upside, we will see more correction to the downside ❌🧨
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
USDT.D below resistance zone break or make?#USDT.D
USDT Dominance is below resistance zone that is the same with the middle line of descending channel.
🐻 as long as it stays below the resistance zone crypto market will rise!
🐮 break out from the resistance zone will increase USDT Dominance to the upper line of channel and we will see more crashes in the crypto market!
12 HR USDT.D Falling Wedge Watch for Breakout Around August 22Look to open shorts on a bounce of the lower trendline of the falling wedge and/or the breakout of the wedge.
If price actions gives a bullish retest of the 200 Moving Average, looking for extended downside for Crypto Markets
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.
Bitcoin To $35K, Ethereum To $3K, Ethereum Classic To $140, etc.The week is not early but it still has to close.
We have a shooting star candle line, a strong bearish signal, can lead to a price drop.
With the inverse correlation with Crypto and this one (Tether Dominance Index) chart, we have confirmation of many bullish charts.
Namaste.
Reject50Shooting.DStarUSDT-BearMAThe purple highlighted candlestick line is a shooting star.
We have a rejection here at EMA50.
The next bearish candle works as confirmation.
Closing below EMA10 gives double confirmation.
And the bear flag works as continuation.
I will show you the weekly chart later on...
You will see that it will close below EMA10 for the first time and when that happens, finally, Bitcoin will do its $4,000 to $6,000 price jump.
Hello!
Weekly USDT.D Says All Cryptos Go Full GREEN!This is the chart that I mentioned in a previous trade idea on this index... This is what gives it all away.
Tether Dominance Index (USDT.D) is closing weekly below EMA10 for the first time since March.
This is a strong bearish development after 4 weeks of red/moving lower/distribution...
So not just Bitcoin, EVERYTHING CRYPTO WILL GROW SUPER STRONG!
We will have a full green August, based on these charts.
Namaste.
Tether Dominance Bearishness Confirms Bitcoin Strong RecoveryThe bearish bias is strong on the USDT.D chart confirming a quick recovery for Bitcoin.
USDT.D is trading below the 0.382 Fib. retracement level...
Only above this level (6.44%) it can grow short-term but there is still major resistance overhead.
It goes lower.
Namaste.
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.
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.
Tether Dominance RENKOThese are short-term signals.
In a few days we will look at Tether Dominance (USDT.D) with RENKO on higher timeframes and go into details about the signals.
USDT.D trading below EMA10/21.
Multiple red bricks already in place.
Bearish RSI.
Here the bearish target (support) is set at 5.38% but if you look back to November 2021, we can see that this level can be broken easily on corrections.
And so we are open to seeing it go lower.
Namaste.
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.
Tether Dominance Weekly Turns Full BearishWhen looking at the weekly chart for USDT.D (Tether Dominance Index), we can notice a full red/bearish candle.
We have a rising channel also breaking bearish:
Together with a bearish harmonic pattern.
The RSI is pointing straight down:
One last signal is MA200, the black line on the chart.
We can see it rising and we know that prices tend to gravitate towards this line.
As MA200 trends up, USDT.D trends down.
Namaste.
Tether Dominance Going 10% to 20% LowerHello my beloved cryptocurrency traders, supporters and readers... I hope you are having a great week.
Let's start today with the Tether Dominance (USDT.D) index chart.
Our focus now is on the next target/support.
We see a 10% drop happening firts.
A small bounce...
Followed by another drop that will end at "C" or a total of -20% from the current price.
Inversely this would signal that Bitcoin is about to speed up when it comes to price growth.
Namaste.
Tether Dominance vs Bitcoin (Cryptocurrency Market Bullish Wave)Bitcoin is about to go high up if we reconsider the inverse correlation between USDT.D and BTCUSD... Let's read the chart.
According to the USDT.D index, Tether Dominance is about to have another leg down; a major drop on the EW ABC correction.
This drop can take USDT.D to 6.45% or lower at around 5.70%, this would equate to a price jump on Bitcoin to around $22 to $25K.
This is how it goes.
After this next leg down, we get the classic bounce and then additional drop. (USDT.D)
As for BTC, the inverse... We get this upsurge and after the initial resistance is hit a small retrace follows and then additional growth. (BTCUSD)
The cryptocurrency trading pairs can turn and stay green all the way to end of August, late September at most.
It will be a nice bullish wave...
I hope to see you around and have your support.
Namaste.
Tether Dominance Update (Adapt and Change)This is yesterday's chart updated...
The major resistance short-term has been defined at 8.02%, since we have an interesection of two trendlines and two rejections.
The bias remains the same as yesterday.
Bearish below 8.14%.
Bullish above.
We are bearish in general as we've been tracking this one and expecting a drop.
We adapt to market conditions...
We adapt to the charts when they change.
The charts are always changing...
We are always adapting.
Namaste.
Tether Dominance Short-Term (Lower Highs)This is the chart that I have for USDT.D (Tether Dominance).
30-June sets the high and 2-July the lower high.
This is a short-term chart.
The marked candle 2-July '22 05:00 gives out a short/sell signals.
The RSI trending lower to move below 50 gives out another bearish signal.
We can also see a loss of the 10 sessions average support price at 7.92%...
These are bearish signals but things can easily change.
Namaste.
Tether Dominance Next Target Mapped (Red)Looks like we have the complete b wave of the ABC correction we mapped a few days ago.
We can see EMA50 holding as support after a higher low.
This is set at 7.58%; This level is very likely to fail.
The RSI has gone bearish (below 50) and we have a clear lower high.
The next target is set first at 7.02% followed by 6.37%.
If we see straight down, as the chart is saying, Bitcoin will move straight up.
Namaste.
