USDT DOMINANCE: IMPORTANT UPDATE.USDT Dominance Update:
The USDT.D is struggling to make a bounce back and it is constantly hitting the support line. This is creating a critical situation for the dominance because if it breaks down below the support level then a further fall will follow up. This will lead the market to turn more bullish both in the short and long term.
It will be good to see the dominance breaking down the support level but until and unless it is holding the support, we cannot assure a bullish move in a shorter TF. The best thing will be to wait for the breakdown to go long with leverage. Until then hold your horses.
I hope this update was helpful.
Thank you for reading and trade safely.
Usdt-dominance
USDT.D (Full Chart Analysis-Long-Term)Hello Friends.
How are you? Hope you always be happy and successful
Today I want to talk about USDT.D
in another words, I want to talk about the dominance of Tether.
the situation is complicated.
I want to check this item based on Ichimoku, channel line, and classic pattern. so, let's go into details.
based on Ichimoku, the future cloud is getting green(positive)
Tenkensen is above Kijunsen and it's a sign to prove us the chart is bullish.
based on the Classic pattern, we have an Ascending Triangle. As you know it's a continuation pattern. and I expect this trend to continue.
if dominance succeeds in breaking 8.21% and then 8.51%, the next target will be 9.45%.
that's a border of a huge dropping in altcoins.
if dominance is able to stabilize above 9.45%, everything will be changed and the main target of this movement will be 15%
it means that you will see a lower low in all markets.
And you should expect it to drop more than you think.
it's my favorite theory. I think it will happen soon.
let me check based on the channel line in the weekly time frame.
As you can see, we are moving in an ascending channel.
we had three hits at the top of the channel and four hits at the bottom of the channel.
it means that this channel is validated.
at this time we are moving around the midline. This move to the top of the channel is expected to be around 15%.
If these three conditions occur, everything will be changed. and you can buy for example Bitcoin for around 9800-11500 USD for the first level. and maybe cheaper.
sounds great.
who doesn't like it?
🙏🙏 Please don’t forget to like 👍, follow ✌️, and share 👌 this analysis with your friends. Thank you so much for your attention and participation 🙏🙏
Sincerely Yours
Ho3ein.mnD
STABLECOIN – QUIZZ FOR SMART TRADERS
Few months ago, I posted on the USDT.D ( Follow the money if You wanna hit your target ).
According to the CryptoAsset market, USDT.D is 7.86%, so far. But if we add CRYPTOCAP:USDC.D to this chart, what is not insignificant because they are predominantly used in DEXs, we reaching 10.22% . Knowing that CRYPTOCAP:BTC.D is at 49.86% ; CRYPTOCAP:ETH.D at 19.03%.
The TOTAL represent quite 80% of the Market… Do you need me to draw a picture of what I think about the rest ?
In any case, when you are in an MarkUp channel, the probability of breaking it out to the downside could ONLY confirm the end of a trend, except for what you call a deviation (which in my language means a mSOW).
You’ve understood it well! A decrease in stablecoin dominance simply means their use in investment, or rather their re-injection into Cryptoassets market !
Even if this Chart showing a Ribbon reversal, even if it setup a potential exit, with a potential desire to kick the 200, IT WILL TAKE TIME to exit from this Failed Structure because to confirm this exit (once Major SOW happen), we need to see at least a pull back on the low Fork trendline (ICE), no more than its MidRange.
The only indication in this chart, is the volume decreasing for a potential spike/squeeze before any logical construction (because Weiss indicator bullshiting at this point!).
In the assumption of lapping the 200, it will be highly likely to confirm if there will be a rejection or not !
Aesthetically this MarkUp is so perfect. I won’t say if we gonna make another lap to continue the progression!
Of course, I would have preferred to see an upthrust before finding ourselves in front of this exit trap. Not that the last movement is too weak or too shy, which indicates the difficulty in a chaotic market progression. What is important in an increase or a decrease is not the trend itself, but rather the strength of the movement.
From Weekly to Daily
While in traditional markets, the construction of forks with different phases (from A to F) is obvious, in crypto, MM cause prices to fluctuate in all directions, leaving a lot of liquidity in both sides. This makes TA more complicated.
As easy as it was to understand the Weekly TF, it gets more complicated on the Daily one.
As I have often repeated, the cryptocurrency market is very young, with low liquidity, and therefore very volatile. There is a lack of rules, almost no discipline, which sometimes shows the intensity of the movements. Furthermore, when Institutional need to cover margin call on classics they don’t hesitate to purge their “crypto” positions, as we saw it in the past.
According to AR as of 15.08.22 (ICE level), we currently working on the same level. If we consider the Spike as of May 22 with a kind of TPO leaving (9%), we can appreciate a double bottom. There is 4 bearish divergences, plus 3 “Yellow candles”, if I consider the Spike as of 10.03.23 being a LPSY, we just slid into a new Fork, more practicable. I could not exclude a 3 taps (9% again). It become obvious.
Furthermore, We broke 8% , we might “BackUp” at least on this zone to confirm the continuation of the trend or break it to change the character. And since it’s in this area that our 200 Weekly is located, it would suit us well.
Distribution or Accumulation ?
As much as MarkUp 1 is clear and straightforward, MarkUp 2 seems to have been rushed and “destroyed”, with a possible QUASIMODO leaved ! This pullback below the VAH, with that kind of LVN that even a dentist would think twice about how to fill it, confirm that we are still in a PHASE B.
If so, POC level (9.66%) is inevitable ; VAL (9.35%) could be lapped, and I don’t exclude squeeze a Spring below 9% at most 7.74% (200 Weekly) with a pull back. This would be a PHASE C, according to push dominance above 11% quickly. Otherwise, it will be a never-ending day (new lap till ST level).
Below 9%, I would be like a Mowgli with this important question if I should be back to the Jungle once I leaved it!
We have time. “Yellow candle” H4 triggered20 (10.28%) and POC is a magnet. This could confirm my BTC projection.
Conclusion
What could be the catalyst the confirm me the end of this tremendous Bear ?
On fundamentals ! I am still negative on this market till we did not wash it definitely ! 1.8M tokens, over 700 exchanges…. don’t you think it’s a lot ?
There will be projects that will be disappear once MIL:BTC will break 25k. 20k will be catastrophic
we should try the be more objective on :
SMO might end in Ukraine by December.
Taïwan – China will the next step !!!!!!
ECOWAS (G7) vs. Free African countries (BRICS)
US elections 2024
Binance issue + different new cases to come…
MICA law + CBDC attempt (typically test the market to try to interfere).
I am not talking about my POV over dislocation of the Europe. And more much to come in the next years. I don’t know what is the global current use of DeFi tools. I stopped at 8% worldwide…. We just entered in the Digital AGE and decentralised systems become usual. The Adoption will take some time.
USDT.D 1W until the end of 2023USDT.D looks strong. Current correction should end in the next week at level 7.52%
Last week of September will kickstart USDT.D's powerful rise up to 8.36% or even 9.23%.
This rise will be followed by a healthy correction, which will end in mid October.
Both scenarios Fast and Slow agree to show a radical appreciation of USDT starting from 16 October.
Only in mid November we will see possible correction and domination of one scenario out of the two shown. USDT.D might respect level 9.23% for some time or it might breakout and rise to 15.94% in the course from mid November to mid January 2024.
Thus crypto market might depreciate 50% by the end of 2023.
Is it global financial crisis coming?
USDT Dominance | Deciding point - PPI data will decide USDT Dominance | Deciding point - PPI data will decide
Currently broken a nice local resistance although still inside rising wedge pattern and showing a bearish divergence although very near to PPI data drop what will have significant impact on direction - a drop in USDT will usually mean people start buying into ALTS and BTC
| Nice break out of local resistance although still in rising wedge pattern
| A breakout here can see a big move up - heavily dependant on PPI data
| Strong EMA support
| Untested Weekly Pivot
| Significant Bearish Divergence & Nearly Overbought
| Don't Forget To Hit Follow To Never Miss An Idea |
| Please Support By Giving This Idea a Boost |
USDT.DOMINANCE UPDATE Hello, welcome to this usdt.dominance update by CRYPTO SANDERS.
CHART ANALYSIS;-USDT.DOMINANCE It got rejected by the horizontal resistance of the rectangular channel. Currently, it is forming above the mid-range, where the MA 100 is also acting as a support.
Now it will break the mid-range from here or after retesting the Ichimoku cloud, and this will be a bullish signal for the market as it moves in the opposite direction.
Hit the like button if you like it and share your charts in the comments section.
Thank you
A Major level for USDT.DUSD.T dominance is forming an ascending triangle, which is considered bullish. However, we did break down from the triangle. I published the first altcoin season idea on December 17th, 2022 and I believe that a pump is coming.
Currently, we are running into heavy Support from the 50-week moving average. For altcoins to remain bullish , we need to break this level. If we don't break through this weekend, we may see a large green candle.
So, it's best to be cautious and not risk your money right now. Stay out of the market and wait for the candle to form before making any decisions. The market could potentially experience a hard dump or a hard pump, so it's important to be informed. I will update this idea as more information becomes available.
Have a great day folks
USDT.DOMINANCE 1HOUR UPDATE !!Hello and welcome to this USDT.DOMINANCE chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:- Looking at the dominance of USDT it looks like a 6.66% to 100ma scheme which could fall to 6.41% if 100ma dominance is broken and closes above this chart it will be invalid.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
USDT.DOMINANCE 4HOUR UPDATE BY CRYPTO SANDERS!!Hello, welcome to this USDT. dominance update by CRYPTO SANDERS.
CHART ANALYSIS:-Hello my friends in the USDT Dominance charts, when USDT Dominance was trading inside a parallel channel from Jan 13, 2023, 7:00 UTC, I see something like this pattern, when the breakdown Jan 25, 2023, 23:00 UTC Thus we are seeing that whenever USDT dominance falls below the top level of its parallel channel, about 9% of the USDT dominance bomb explodes and this results in a massive parallel channel. turns. Hits the trade line and is back 8% to 9% looks the same today and I expect USDT dominance to be around 9% today stay tuned for more such updates thanks
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
USDT.DOMINANCE LINE CHART UPDATE !!Hello and welcome to this USDT.DOMINANCE LINE chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-Dominance is lowering inside the parallel channel We expect the dominance line chart to touch the upper train line and break down back to the bottom of the parallel channel as pumps can be seen in the altcoin. And dominance in RSI is showing bullish divergence.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
USDT.D 4H
Dominance Tether
As you can see, it has reacted to the 7.25% support range and the 7.72% resistance range every time. It is currently in the range of 7.55%. It may move towards the range of 7.72. This issue can be a negative reaction for the cryptocurrency market. 💹
In case of exiting the box to the top and fixing the limited high of 7.72%, the possibility of growth up to the range of 7.80%/8% can be considered.❗️
It is important to maintain the range of 7.46%/7.43% to continue the trend ❗❗❗
what do you think about it?
DXY exhaustedHere as expected - DXY is exhausted with pushing so much up, that it didn't even reach the wedge's top line and stopped at the horizontal resistance. It started moving down and expecting it to move as I previously predicted - go for the bottom of the wedge - and a final bounce up and go down for the much needed retracement.
Additionally EURUSD is also looking exhausted from pushing down and needs some relief - which would be weakening the Dollar aswell.
All of that is bullish for stocks and crypto.
#USDT Target met, from bullish rising wedge.Will there be over-performance?
Or has peak fear been met?
Like the #DXY keeping an eye on stablecoin dominance gives you an edge on market direction.
There is alot firepower form smart investors no available to redeploy either here or at those lower #Bitcoin prices of $18 and 15K
I