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.
Tetherdominance
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.
Tether Dominance - Bearish Divergence Current Market Cap - 6.3 Billion
Tether dominance has risen over %284 ever since the market peaked back in November last year.
However, it is starting to show weakness after it made a higher high while RSI made a lower low.
The last time RSI printed a divergence, it signalled the market bottom and money started flowing back into cryptocurrency
We could potentially see a similar move.
The orange line below, represents the total crypto market cap.
What is Tether Dominance?
Tether (USDT) Dominance shows how much percent of the money is on USDT. There is 2 cause of the increase of USDT dominance.
The first is that investors put cash on the market from the outside, which is due to the unfavourable 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.
Speculative Setup, DYOR. Allow 3-18 Months For all Crypto Ideas.
Credit to @without_worries for allowing use of indicators.
Tether Dominance Weekly OverboughtThis is the long-term chart for Tether Dominance (USDT.D) and we are looking mainly at an ascending channel.
Each time the upper-band of the channel is hit we get a retrace/correction.
The upper-band being hit coincides with an overbought RSI.
An overbought RSI has always led to a strong correction.
Just yesterday/last week, USDT.D closed with the highest RSI value ever, signaling an overbought status.
It is only a matter of time before Bitcoin starts to grow; big, fast & strong.
I meant to say, it is only a matter of time before Tether Dominances drops.
Namaste.
Tether Dominance Classic ABC CorrectionWill Tether Dominance recover and Bitcoin crash fully to new lows?
Not likely...
Any recovery can be the "B wave" of a classic ABC correction.
These come after new peaks/highs just as we see with USDT.D.
Be patient.
You can see a shaky/bearish Bitcoin from Monday through Thursday and then we resume the growth.
Just one of the many possible scenarios but is better to be ready than to be taken by surprised...
Thanks for the support.
Namaste.
Tether Dominance Decline Not OverWe see Tether Dominance (USDT.D) declining slowly since 18-June... But, is it over?
Not likely.
The downtrend is only getting started and the chart signals and indicators continue pointing to lower prices.
USDT.D just hit a support level recently around ~7.10%.
After a small bounce, we are likely to test EMA300/MA200 at 6.66% - 6.75%.
Followed by 5.70% as the final target short-term.
Conditions for change
If USDT.D moves and closes above 7.56% the short-term bullish bias is compromised but not all is lost.
It needs time to develop.
Namaste.
Tether Dominance Bearish Continuation (Multiple Timeframes)As long as Tether Dominance index (USDT.D) continues beairsh, we continue safe.
We can see it dropping since 18-June.
Trading below EMA50, USDT.D is aiming lower and the next target is set at EMA300 or 6.49%.
The indicators are going full bearish as well on the 4H timeframe.
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When we look at the daily timeframe, everything becomes clearer.
The MACD is showing a full bearish cross in the making:
The RSI is showing bearish divergence after the last peak produced a lower high compared to a new All-Time High on the USDT.D chart.
We can also appreciate a full candle close below EMA10 daily, this signal confirms only when today's candle closes if it closes below 7.86%.
These are all bearish signals...
So far now, all I can say is that PATIENCE IS KEY!
Namaste.
📊overview of crypto market(June 23,2022)📊Hey ,What's up Guys and Girls !? ✌️
- in this overview I analyzed both 'Bitcoin' and 'Ethereuem' situation and the possible scenarios and also as good as for crypto total market cap , and Tether Dominance !
Bitcoin Possible Scenarios:
1:
2:https://www.tradingview.com/x/hO53n4M3/
&
3:https://www.tradingview.com/x/f43I3YO3/
Ethereuem Possible Scenarios:
1:
and :
2:https://www.tradingview.com/x/J0D137Rv/
Total Possible Scenarios:
Tether-dominance analysis:
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
Tether Dominance | 3 Strikes & You Are Out! (Head & Shoulders) We have the 3 heads pattern on the Tether Dominance Index (USDT.D) chart.
This pattern is equivalent to the Head & Shoulders and we are all familiar with it.
It comes up at the top of a trend and signals a potential reversal.
The last candle that closed just minutes ago, marked on the chart (22 Jun '22 04:00), is very telling.
We can see a strong rejection in the form of a full bearish candle to push prices below all the main moving averages, that is EMA10, EMA21 and EMA50.
Both the MACD and RSI went from bullish to bearish, strong to weak...
And so we see a continuation of the bearish bias that we've been tracking thrgouh this index...
As USDT.D goes down, BTCUSD goes up.
Namaste.
Tether Dominance Index Top PatternWe have this triangle on the chart which is a "top pattern"; when you see this pattern or an inverted cup you have high probability of dealing with a top.
If prices topped, then we drop.
Just a quick update to let you know that we continue bearish on USDT.D.
The indicators are now also turning bearish, MACD and RSI.
It is likely to speed up, fast, if/when support breaks.
Namaste.
Have You Given Up?We say that the Tether Dominance Index (USDT.D) is set for a very strong drop very soon...
A new All-Time High was hit yesterday yet we continue to see signal after signal pointing to this rally being over-extended.
We looked at the weekly and daily timeframes in the past...
Let's take a closer look short-term, this is the 4H timeframe.
We have prices dropping after closing below EMA10.
We have bearish divergence with the MACD and RSI.
A bearish cross on the MACD while the indicator is strongly aiming lower...
It is only a matter of time...
We Never Give Up!
Namaste.
TETHER Dominance finally stopped ❗❓(USDT.D update) What's up GUYS and Girls !? 😉
since previous analysis, as I expected the Tether dominance index has spiked again , it has increased more than 56 % and the whole crypto market significantly dropped ,and turned red and bloody from there ,
But today as you can see , it reached the historical and dynamic resistance line again , I expect to decline from here , then subsequently the rest crypto market will tern green gradually!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
Tether Dominance Continues Bullish, Hits Another Resistance... USDT.D (Tether Dominance Index) did not drop and continues higher...
But this is possible of course.
We are seeing the "last hoorah", the last jump, the peak, the top, the All-Time High... After the All-Time High comes a new low.
Bitcoin hit an All-Time High back in November 2021, it has been dropping since.
Technically the ATH was hit back in April 2021... So Bitcoin has been dropping for more than a year based on this one.
This is exactly what will happen to the Tether Dominance Index (USDT.D).
After the next peak price, it will have a long-term bear market...
Why are we interested in this?
Bitcoin's price based on BTCUSD and the USDT.D index have an inverse correlation.
The fact that this index is massively overbought and reaching new highs tells us that Bitcoin is massively oversold and hitting new lows.
Bitcoin is at the bottom, USDT.D is at the top.
This will reverse and that's our call.
Namaste.
Tether Dominance Moved Higher But Bears Are ComingSince our last analysis, Tether Dominance Index (USDT.D) has broken the last resistance and gone higher... This is a "last hoorah" based on the chart candles and signals.
We have shooting stars, Dojis and hammers all at new highs/resistance.
Seeing these candles at new high prices can signal that the top is in.
What follows after a new top is a strong correction.
The MACD is also at new highs but trending lower after a bearish cross.
Sooner or later, rather very soon... USDT.D will drop strong and inversely Bitcoin will go up.
Namaste.
USDT de-pegging ?!?!?!This volatile market is very dangerous if you are holding USDT too.
When UST, Luna`s stablecoin depegged from the USD value, USDT went down to $0.94 and then back up.
This time, with the sharp sell-off of all assets, the threat of depegging is bigger and more dangerous for Tether.
I would rather avoid USDT and BUSD for now.
Tether Dominance Still BearishWe use the Tether Dominance (USDT.D) index to support our Bitcoin (BTCUSD) chart analysis.
We focus on the inverse correlation.
When Bitcoin goes up, Tether Dominance tends to go down.
The long-term chart for USDT.D continues bearish.
We have multiple "doubt" candles after a new All-Time High.
Last week was the first red/bearish close and this one isn't looking good...
USDT.D is about to drop.
If this drops Bitcoin goes up and vice versa.
Thanks for the support.
Namaste.
Bitcoin To Continue Higher as Tether Dominance Goes LowerWe continue seeing bearish signals on the Tether Dominance Index (USDT.D) chart.
Yesterday we looked at the long-term chart and the RSI (weekly), the signals were clear there.
Looking at it closer today, our view remains the same.
- We can see prices moving below EMA10 on a full bearish candle.
- The RSI is trending down strong.
These signals are pointing lower.
The blue space on the chart is the main target/support.
Namaste.
Tether Dominance Overbought | Long-Term RSI AnalysisHere we have a pretty clear as well as strong signal coming out of the weekly RSI for the Tether Dominance Index (USDT.D) chart.
Each time the RSI went to overbought, or just got close to it, Tether Dominance would enter a correction phase.
We have now USDT.D overbought which can signal that it is about to move lower based on past history.
With the inverse correlation between Bitcoin (BTCUSD) and Tether Dominance (USDT.D), we can see BTC rise while USDT.D falls.
Thank you for reading.
Thanks a lot for your continued support.
Namaste.
USDT.DHello guys good day!
Here is USDT.D or Tether Dominance’s rising channel which reached at the top of the channel and its reacting.
First what is USDT.D and how can it help us for trading cryptocurrency?
USDT.D shows the status of Tether availability in the cryptocurrency market where when it rises market will fall and when it falls market rises completely a vice-versa relationship.
Ok based on this, The question is will the channel break upward? And market will fall more further?
Well as you can see the history clearly it shows that this channel is too strong to be broken and it may get push the price downward and then the market will rise and Bitcoin will get bullish and this will cause Alt coins to explode upside.
However on the other hand the sell pressure is heavy this time! And there is chance of breaking this channel upward and we may see Bitcoin at lower prices such as 25k 20k and if incase we loose these support levels then we may be witness of huge fall to 13k and 10k.
Remember guys these are just datas and informations that I analyse and post here, these are not buy or sell signals, so please use these informations and trade based on your own trading strategy.
Good luck.