Usdt-dominance
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
COTIUSDTA good setup with a high probability of success..
It seems that wave 4 is being completed.
It is an excellent range for buying spots
📌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
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Enter Price: 6.22
Target1: 6.12
Target2: 6.00
Target3(Final Target): 5.88
Stoploss: 6.34
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USDT.DVideo analysis showing a clear channel of 6 years on a possible break down. Elliot wave analysis suggests an impulsive 5 waves to break the channel. Enjoy and comment
Tether Dominance, Weekly OutlookAs we see USDT.D Bounced from long formed Support / Resistance zone, while tested it with long wicks several times.
- RSI Divergence
- Bounced From Support
- Below 21 Week EMA
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.
If you have any questions, you can write them in the comments below and I will answer them.
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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.
USDT DOMINANCE: THE BIGGER PICTUREHey traders, I hope you all are doing great. Here's a quick update on the USDT Dominance in a 2-day timeframe.
The USDT.D is still above the support 1 level showing the possibility of a bounce back anytime soon. With the RSI at the oversold zone, the chances are higher. The crypto market movement has been good and needs a correction to balance the chart. With the weekly close below FWB:36K on BTC, rejection is most likely to follow.
If the USDT.D breaks down below the support 1 level, then we will see some great green boost on BTC and other altcoins and support 2 will become the new support level for the dominance.
That's it from my end. I hope you find this post information.
Thank you and trade safely.
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.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 |
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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
USDT.DWhat do you think about Dominance Tether? I think it needs to be corrected
Comment your opinion.
Short 🔴
alt season or what?the growth on the chart is more likley and since the btc.d is bearish now we can expect that alts pump one after another
alt season or what?as I see in the usdt.d chart a great fall in usdt.d is more likely
we see that the purple box have pushed the usdt.d and now it has no more power to do it again
I will share the other charts after this one
USDT.DWait a little!!!
In the coming hours, the path of cryptocurrency will be determined.
What is your diagnosis?
Red or blue arrows?
Please like and comment.
I am waiting for your wise look.
