USDT.D updateWave A of this correctional pattern extended greatly to bring a lot of profit to many #AltCoins in #Crypto Market
However, it seems that wave is finished & we may start another correctional pattern to fill in wave B
So what does it mean?
It means that we may see some up & down in crypto market for the market makers to gather enough liquidity to continue on our big pattern so do not attempt to open new positions blindly anymore
Usdt-dominance
USDT MOON- Do you know what happens when something push too much ? it reverses and goes down.
- Sir Fibonacci said one day :
" When u launch a coin to the sky, it takes speed, then it stops, then it goes down more fast than it went up "
- if USDT grab more Dominance on Cryptos Markets, it would mean we are rolling back in the "Old Financial system" i hope everyone understand that.
- That's not gonna happens.
- i won't comments much on this analysis, but it speaks by itself. ( everything is in the graphic )
- i won't also speak about what happened recently to UST in Luna Ecosystem because it's sad for the peoples.
- Stay in BTC and pray TheKing.
Happy Tr4ding !
$USDT Dominance On The Rise = More Pain AheadBeen riding this trendline since March.
Well above the 200MA and Bull Market Support Band
Battling the .382 Fib today
I expect it to breakthrough and grab liquidity around the 6.50 region for a bit, then make its way back down to the trendline when rate cuts are announced September 18th.
Will then have to break that trendline to take the next leg in the bull market.
Remember, as CRYPTOCAP:USDT.D Falls CRYPTOCAP:BTC and Alts go higher.
LDOUSDT UPDATE : READY to LAUNCHHello Folks !!
Welcome to the quick update of LDOUSDT. As of now, we can see it is trading around 1.57 and currently at the immediate resistance. If it breaks this resistance, we can easily see a target of 25-20% in the short run and it can reach a price of $1.87.
We can take a trade with the below details:
Entry: 1.54 to 1.57
Target: 1.79 to 1.91
STOPLOSS: 1.47
Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES!!
This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits.
Please like, share, and comment on this idea if you liked it.
Key Resistance and Potential Decline in USDT Dominance!Key Resistance and Potential Decline in USDT Dominance
The chart shows a strong resistance level around 5.08%. USDT dominance has tested this level several times but hasn't been able to break through.
📉 Current Price Action:
USDT dominance is currently struggling to break past this resistance, shown by multiple rejection candles.
📈 Potential Movement:
If this resistance level holds, USDT dominance might drop towards the ascending support line. The chart suggests a possible decline, as shown by the black arrow.
🔻 Support Levels:
The ascending trendline below acts as strong support. If USDT dominance falls, it might bounce back from this level.
📊 Indicators:
The supertrend indicator on the chart shows a bearish trend.
🔍 Analysis Summary:
This analysis highlights the current resistance level for USDT dominance and the potential decline towards the support line. Keeping an eye on these levels can help anticipate market movements.
Stay tuned for more insights and detailed analysis!
USDT.DUSDT Dominance has apparently completed its downward movement in the 4-hour time frame.. which has been completed in the form of an impulse that can be considered wave A or 1.. which of course we have named wave A for now..
In the following, an upward phase can be completed in the form of wave B. Based on this, we can expect growth up to 5% and even higher levels. Time 4 hours..
USDT.DGood Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
USDT Dominance (1H) and possibility of a riseAnalysis on USDT.D chart (1H) suggests that a falling wedge pattern is being formed(other confluences such as divergence also hint at this pattern). if confirmed (breakout from above the pattern), market can dump for a day or two. Remember that a rise in USDT.D means a dump in the BTC and the crypto market. if the pattern fails, the current pump in coins shall continue with a stronger momentum. possible tp levels: 4.74% - 4.84% - 4.88% - 4.94%
🔥 Bitcoin Dominance Break Out! Watch Your Alts 🚨As of this week, the Bitcoin Dominance (BTC.D) has broken out of a 6-month consolidation period. This means that money is flowing out of altcoins into Bitcoin again.
It's difficult to predict how high BTC.D will go, but I think we can make a an educated guess by looking at the diagonal purple resistance.
Historically, bull-markets (especially for alts) started at the red arrows. Remains to be seen if it will happen again.
For now, alts are likely going to lose value against Bitcoin, especially during dumps like yesterday. Start looking to buy alts again after BTC.D hits the top resistance.
Updating Channel for my Pervious Idea USDT.D + USDC.D I have updated my idea about CRYPTOCAP:USDT.D & CRYPTOCAP:USDC.D ...
We still didn't breakdown this bullish channel....
***Dollar's Dominance is opposite of CRYPTOCAP:BTC which means if USDT & USDC's dominance are up BTC will be down.***
Check it below in related ideas
Good luck
More correction for BTC? USDT just hit the support on weekly!Hello everyone,
Let's take a closer look at what's happening with USDT (Tether) dominance on the weekly charts and how it might be signaling a key movement in the crypto space. Now, we've noticed that USDT dominance seems to be hitting a support level and is starting to climb up. This is quite significant because USDT dominance reflects Tether's share of the total crypto market cap. When traders and investors start moving their funds into USDT, it's often a move to safety, especially when the market shows signs of volatility or a potential downturn.
Now, here's where it gets interesting. If we flash back to March 28, 2022, we can see a similar situation unfolding – USDT dominance found support, and this correlated with a notable correction in the price of Bitcoin. We're spotting what could be a repeating pattern here. The climb in USDT dominance could be indicating that once again, traders might be hedging against current market movements, signaling caution as we see capital flowing into the stablecoin – a classic move during times of uncertainty.
let's dial into the situation we're seeing here. We've identified a possible pattern with USDT dominance suggesting that we might be in for a market correction. The last time we saw something like this, we were deep in a bear market. Now, the dynamics are slightly different. We're approaching a Bitcoin halving event.
Historically, halvings tend to have bullish implications for Bitcoin due to the reduced supply of new bitcoins entering the market. However, the anticipation of such events can bring about increased volatility. If we're drawing parallels with the last occurrence, we should consider that although history doesn't always repeat itself, it often rhymes.
How much of a correction could we see? That's the million-dollar question. Corrections in a pre-halving period can vary widely. They could be short and sharp, or slightly deeper as traders position themselves ahead of the event. What's important to note is that while we could see a dip in response to the rising USDT dominance, the upcoming halving could also provide a counterbalance to a lengthy bearish trend.
Keep in mind, corrections are a natural part of market cycles, even when an overall bullish sentiment is expected. They offer a reset, a breath for the market to consolidate before the next potential move. The key takeaway here is not the correction itself but how we position ourselves to manage it and potentially take advantage of the opportunities it presents.
As always, my advice is not to fixate on the depth of a potential correction but rather to focus on your strategy. Do you have your risk management in place? Are you diversified enough to handle unexpected shifts? These are the factors within your control.
Let's watch the charts, stay informed on global market trends, and remember, the halving is coming up, which could add a whole new dimension to the typical market ebb and flow. Trade wisely, everyone
📌BTC vs USDT.D - Who Follows Whom? 👀Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I always keep an eye on USDT.D to gauge the overall crypto market sentiment.
📚 Today, I want to demonstrate the correlation between BTC and USDT.D:
- Last month, BTC broke above the previous major high (shown in blue), while USDT.D broke the previous major low and initiated an impulse movement.
- BTC is currently fluctuating within a narrow range around the $53,000 resistance level, while USDT.D is hovering around the 5% support level and the round number.
- BTC is expected to maintain its bullish trend unless it breaks below the last major low at $50,500, which would correspond to USDT.D dropping below 5.29%.
And so on... the picture is self-explanatory.
The question is... Who Follows Whom?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
it's time to going down for USDT.DUSDT.D it connected to cryptocurrency market directly...
if it goes down cryptocurrency market is bullish and if it goes up own cryptocurrency market is bearish
*************************************************
Enter Price: 6.22
Target1: 6.12
Target2: 6.00
Target3(Final Target): 5.88
Stoploss: 6.34
*************************************************
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BTCUSDT H4 : CRITICAL AREAHi Guys ,Hope You well
In the 4-hour time frame, we are in a not so good demand area. And if the price is supported, it can create a new ceiling. But don't forget that the second point and main support is at 39500. I advise you to be careful in both directions of the market.
SecondChanceCrypto
⏰ 26/Dec /23
⛔️DYOR
Always do your research.
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USDT.D (New Update)Hello friends.
How are you today?
But first, it's NOT financial advice. it's just a scenario that belongs to me. and it shows what can I think about this movement.
Today I want to talk about the Dominance Tether.
As you can see, there is a valid channel because of the number of collisions with the ceiling and floor. and at this time, we are very close to the bottom of this channel.
It notifies us that we should expect to go up.
And the consequence will be a drop in other markets. Such as Bitcoin, SPX, NDX, and Forex for example euro, NZD, and so on.
✔️✔️ Please don't ever underestimate DXY for your trades
Please don’t forget to write your comments ✍️✍️ Like 👍👍 and Share 👌👌 this vision with your friends.
And Tell me do you agree with me or Not?
Have a nice day 🙏🙏
Ho3ein.mnD
USDT DOMINANCE: WAITING FOR A BOUNCE.The USDT Dominance has experienced a significant -9% drop and is currently finding strong support at 5.6%. This support level raises concerns and warrants attention within the crypto market.
Key considerations include:
1. A mere 8% rebound could potentially bring Bitcoin down to the $40,000 support level.
2. Positive momentum is observed in the Relative Strength Index (RSI), signaling a favorable aspect.
3. For a sustained bullish sentiment in the market, it is crucial for the USDT dominance to close below the support level within the daily timeframe.
In light of these factors, exercising caution and awaiting the weekly close is a prudent approach.
Best regards,
Team Dexter.
Important update on the USDT Dominance and the US Dollar IndexGreetings, Traders,
We have a brief update on USDT dominance and the US Dollar Index using a 3-day timeframe chart. This video holds significance for analyzing the crypto market, so be sure to watch it through to the end. If you have any questions, concerns, or suggestions, feel free to reach out. I'm here and just a comment away.
Best regards,
Team Dexter.