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#TETHER/DOMINANCE 4HR CHART UPDATE !!Hello, traders welcome you all to another chart update on USDT DOMINANCE. If you are reading my update for the first time hit the like button follows and comments in the comment section if you find this analysis helpful. As we can see in the above-mentioned chart that USDT DOMINANCE broke b below and is currently retesting the lower trend line. Meltdown from the current level is highly likely in the upcoming hours. Here USDT DOMINANCE needs to break the local support zone to move downside, which will bring consecutive green candles in USDT pair Altcoins. The candle close inside the triangle will be the invalidation point of this chat analysis. NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update. If you have anything to ask about this analysis you can ask in the comment section. This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
CRYPTOCAP:USDT.D
by Domino_Crypto
2
Get ready for $ 24,000 bitcoin!Things are not going well! Over the past 24 hours, Bitcoin's price has fallen by near 4%, hovering around $30,000 Thursday. There's a short way to go before bitcoin reaches $28,000, the highest support level that it hasn't seen since the end of 2020. Both traditional financial markets and cryptocurrencies were hit by a sell-off Monday evening, taking Bitcoin briefly below the $30,000 mark. As long as a war, inflation, and monetary policy shift in the U.S. remain in play, experts predict additional volatility in the near future. Currently, there are no reports of more prices rising and winning as a result of overcoming important resistances, sales saturation, buyers' fears, etc. But where is the next step? In light of the long-term average price and Fibonacci levels, the next technical support is around the price of $24,000 to $28,000, of course, we will have many fluctuations and reversals along the way.
Short
by Dvbitcoin
TETHER DAILY VOLUMES CROSSES MARKETCAPTETHER's CRYPTOCAP:USDT daily volume has crossed its market cap (Volume < MarketCap) for the first time since 2018. Removing 2018 data from the equation is the first time this has ever happened since the broad market usage of Tether in the crypto space. I´m quite interested in what will happen next, nothing, crash, rally ?! Notes: I removed 2018 data from the analysis since is quite "choppy" data and assumed 2019 till now since then is more stable.
CRYPTOCAP:USDT
by MA_PT
1
Weekly Support & Resistance Zones for BTCUSDT on Binance (03/16)Well, most of us didn't expect that bitcoin price would plunge to $3,000s level last week (I knew I didn't) at around the same time where coronavirus pandemic shocked the world. However, BTCUSDT managed to bounce off the 3660 support level (the same support for the pair in November 2018) and reached near the 6185 resistance level territory. BTCUSDT was struggling to break through the resistance level for a couple of days but failed. Currently, the 4470 support level is holding the pair from the raging bears trying to break through it. If the support level breaks, the pair may be heading back to the 3660 support level. Otherwise, it may be bounced off to the 5345 resistance level.
by BTCbrain
Weekly Support & Resistance Zones for BTCUSDT on Binance (02/10)BTCUSDT retraced to the 9050 territory support area on February 4 and then bounced off that support level with a huge bullish movement towards the 9705 resistance level the next day. The pair managed to break out of the 9705 resistance level and closed above it on February 6. The 9705 pivot area then turned into the current support level. The bullish momentum continued the following days and reached it peak at 10166 yesterday (February 9). BTCUSDT is making a huge retracement today back to the 9705 support area which does make sense after 6 bullish days prior. At this time, we have to wait for a close of today's candlestick to determine the next move.
by BTCbrain
What does USD mean in Crypto World? Is BITFINEX Heaven or Hell?Why do Cryptocurrency World still rely on USD as a value measurement? 1 Bitcoin == 1 Bitcoin is what we are looking forward, isn't it? As human being, members of the society, we need to pay rent, food, all kinds of products and services and love, which are essential to make a living. Because, Bitcoin and Crypto are not accepted by the traditional society for universal payment yet. That is why, FIAT (USD) is still the rule to measure Bitcoin's value. You may not like it, the reality. There are two popular methods to measure USD value in Crypto Exchanges: "USD" or "Stable Coin backed by USD". Many exchanges use "BTCUSD", or "XBTUSD" for their Bitcoin - USD pairs, however, do those "USD" really equal to a US Dollar? Why do the price of Bitcoin value measured by "USD" differ from each other so much? The market is smarter than any algorithm. The inflation of Bitcoin price based on "USD" normally means: Hidden Cost: Much longer time and endless efforts to withdraw your "USD" balance to your bank account. (You don't even need to try - probably you will see many negative complains on Reddit) Or else, all transactions of Bitcoin -> USD will move to this exchange for the "highest" price, which is not the case. As to "Stablecoin backed by USD", if a Stablecoin has credit problem, esp . the possible abuse of credit. The price of Bitcoin - Stablecoin of that exchange should be avoided being used for Technical Analysis , because the rule itself is wrong. What a mess. BITFINEX could have been a perfect solution, if a Thether (USDT) were backed by a real USD. Many other exchanges provide only Stop order, which causes long wick. Do the exchanges benefit the long wicks ? I have no idea, really. Where on earth is the "Dream Exchange" for Bitcoin and Crypto? Leave your comment, Buddy. PM me for Free Trial of "9 Seasons Rainbow MTF Indicator". DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
BITSTAMP:BTCUSD
by go8686
What does USD mean in Crypto World? Is BITFINEX Heaven or Hell?Why do Crypto World still rely on USD as a value measurement? 1 Bitcoin == 1 Bitcoin is what we are looking forward, isn't it? As human being, members of the society, we need to pay rent, food, all kinds of products and services and love, which are essential to make a living. However, Bitcoin and Crypto are not accepted by the traditional society for universal payment yet. That is why, FIAT (USD) is still the rule to measure Bitcoin's value. You may not like it, the reality. There are two popular methods to measure USD value in Crypto Exchanges: "USD" or "Stable Coin backed by USD". Many exchanges use "BTCUSD", or "XBTUSD" for their Bitcoin - USD pairs, however, do those "USD" really equal to a US Dollar? Why do the price of Bitcoin value measured by "USD" differ from each other so much? The market is smarter than any algorithm. The inflation of Bitcoin price based on "USD" normally means: Hidden Cost: Much longer time and endless efforts to withdraw your "USD" balance to your bank account. (You don't even need to try - probably you will see many negative complains on Reddit) Or else, all transactions of Bitcoin -> USD will move to this exchange for the "highest" price, which is not the case. As to "Stablecoin backed by USD", if a Stablecoin has credit problem, esp. the possible abuse of credit. The price of Bitcoin - Stablecoin of that exchange should be avoided being used for Technical Analysis, because the rule itself is wrong. What a mess. BITFINEX could have been a perfect solution, if a Thether (USDT) were backed by a real USD. Many other exchanges provide only Stop order, which causes long wick. Do the exchanges benefit the long wicks ? I have no idea, really. Where on earth is the "Dream Exchange" for Bitcoin and Crypto? Leave your comment, Buddy. PM me for Free Trial of "9 Seasons Rainbow MTF Indicator".
BITSTAMP:BTCUSD
by go8686
1