BTC OutlookSELL now or at 11k
1: The ascending chart is broken
2: CPI was extremely negative
3: USDT.D formed a bullish chart
Usdtd
USDT DOMINANCE: HIGH ALERT IN DAILY TIMEFRAME!!!Hello traders, today I am here with a very important update on USDT Dominance. In this chart, I am gonna share some important levels and the possible outcome of the market in the coming days.
Timeframe: Daily.
Update: The USDT.D lately showed some bounce which led the market to drop down around -6%. The area from where the USDT.D bounced back is a crucial support line for the USDT.D.
History:
5th of May 2022: The USDT.D rallied 58%, a rally from 4.56% to 7.27%. This rally dropped BTC price by -30% (from $39864 to $25338). This rally lasted for 7 days.
8th of June 2022: USDT.D rallied 63% (5.78%-9.49%), and BTC went down to -43% from $31306-$17567 in 10 days.
10th of July 2022: The USDT.D bounced back from the support line but no significant rally to date.
Two Possible Scenarios:
Bullish Scenario: Historically, the USDT.D shows a possible rally towards the 11% level (60% jump). If this happens then BTC will possibly drop 36%-40% which means a $14k level where we have strong support for BTC.
Bearish Scenario: Historically the USDT.D might sound bullish but if we follow the patterns then the USDT.D is forming a hidden bearish divergence where the price increases but the RSI keep decreasing. The 21 MA is acting as strong resistance for the USDT.D. If at all we see a rejection then we can expect BTC to rally close to $30k.
Key levels:
21 MA resistance at 7.5%.
The support level at 7.15%
Conclusion: The chart is simple and clear, if the dominance breaks above the 21 MA, we can short the market and if it gets rejected then we can go long.
I hope this update will be helpful for you. The daily candle close is going to be a crucial one for the market. So keep your eyes wide open and trade safely.
Let me know in the comments what you think about the USDT Dominance.
Do show your support through likes and comments.
Thank you.
#USDTDOMINANCE 2HOUR UPDATE !!USDT DOMINANCE ANALYSIS
As we can see from the above-mentioned chart that USDT DOMINANCE again repeats the previous pa.
As USDT DOMINANCE currently trading below the resistance level and printing a rejection.
If we consider the previous PA then USDT DOMINANCE might move downside till the lower green support area.
The candle closing below will be the invalidation point of this chart analysis.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
People Are Starting To Lose Patience...Next to getting rid of your losers and riding for as long as possible the winners, patience is one of the most imporatnt virtues you can have when it comes to cryptocurrency trading.
Patience is truly the key to win.
When USDT.D was oversold on the RSI, it went up.
As USDT.D gets to overbought, it is very likely to drop.
The immediate resistance on this index is set at 7.51% followed by 7.85%.
The 7.51% is the main one for us and we are bearish here.
If this level fails there is still more resistance overhead.
USDT.D and BTCUSD have an inverse correlation and that is why we track this index everyday.
It can be used for confirmation.
If you see a bullish BTC, you can confirm your bias if you also see a bearish USDT.D.
A bullish SPX supports any bullish signals found on BTCUSD, etc.
There are many different altcoins, indexes, pairs, charts that can be used in this manner, for comparison purposes.
Thanks a lot for the continued support.
Namaste.
USDT DOMINANCE: DESCENDING TRIANGLE.Hello folks, here's an important update on the USDT dominance in the lower timeframe.
Timeframe: 4 hours.
Update: The USDT dominance is under a descending triangle pattern. As you all know that a descending triangle pattern is usually a bearish pattern but sometimes the trend can reverse and play in the opposite direction. Currently, the USDT.D is holding a support level of 7% and in the past, it has bounced back exactly from this support level. If at all the USDT.D bounces back then I expect it to test the 7.4% resistance level and then reject. On the other hand, rejection is possible from the current level as well. Once the USDT.D breaks down below the support level then we can get some confirmation for the bearish rally.
Key level:
7% Support
7.4% Resistance.
Tether Dominance Weekly Turns Full BearishWhen looking at the weekly chart for USDT.D (Tether Dominance Index), we can notice a full red/bearish candle.
We have a rising channel also breaking bearish:
Together with a bearish harmonic pattern.
The RSI is pointing straight down:
One last signal is MA200, the black line on the chart.
We can see it rising and we know that prices tend to gravitate towards this line.
As MA200 trends up, USDT.D trends down.
Namaste.
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.
USDT DOMINANCE: FORMATION OF BEARISH DIVERGENCE Hello traders, here's an update on USDT Dominance.
Time frame: 3 days.
Update: The USDT Dominance is at the support level of 7.2% and above the 21 MA which could be a difficult level to break down. But on the positive side, we have a bearish divergence in the RSI. The USDT.D made a new ATH but the RSI level is lower than the previous one. Even if we see a bounce back from the current level, I don't expect a long rally in the USDT.D. Soon it is going down as per the current market scenario.
Conclusion: Comparing the USDT.D with BTC and other altcoins, there is a possibility that we will see a drop in USDT.D and a rally in BTC and other altcoins.
Still, let us be careful enough with the market. Anything can happen.
What do you think about the USDT.D? Let me know in the comments.
Like and follow for more.
Thank you.
#USDT.DOMINANCE 1HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
# USDT. DOMINANCE UPDATE!
As I mentioned in my previous chart that USDT DOMINANCE will reject from the 7.78% level and it got rejected.
In current scenario USDT DOMINANCE is trading 3.2% below from .78% level.
IMO, USDT DOMINANCE will rally below this level to 7.10% which is the strong support zone currently.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
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.
USDTDOMINANCE 2HOUR UPDATE BY CRYPTOSANDERS !!
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
as I mentioned in my previous chart that USDT DOMINANCE will move upside till the level of 7.79% and it moved well USDT DOMINANCE is currently trading on a crucial resistance level.
It needs to get rejected from this level for bulls, rejection will again bring green candles in ALT coins, and a break above will end up things again for bulls and it will rally towards the level of upper resistance which is around 8%.
Let’s see how USDT DOMINANCE performers in upcoming hours.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
#USDT.DOMINANCE 1HOUR UPDATE !!USDT DOMINANCE ANALYSIS
USDT DOMINANCE breakout this symmetrical triangle pattern and currently it is facing 7,79% as resistance so we can expect some drop from here.
Let's see how the market will react in a few hours.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
USDT DOMINANCE: CLOSE TO THE RESISTANCE LEVEL.Hello everyone, here's a quick and short update on the USDT Dominance.
We saw a good rejection from resistance 2 level (8%) which was a healthy -6.5% drop. Currently, it is under a falling wedge channel with a resistance level of 7.8% & 8%. If the USDT.D has to rise then these two levels are crucial.
We will keep an eye on it and update you guys. Trade safely.
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.
USDT.D 1HCurrently, it is placed in a triangle pattern and it is approaching its end. In such a pattern, there is a possibility of exit from both sides, but currently, with the current conditions in the market, there are strong and close supports in Dominance Tether, economic..... It is likely to move upwards and reach new heights (personal opinion). Good luck and be profitable.
USDT DOMINANCE: A GLITCH ONCE AGAIN.Hello guy, let's take a quick look at USDT dominance.
Timeframe: 8 hours.
Update: This is madness!!! This USDT Dominance has pumped 85% (7.5% to 13.92%) within an hour and as I am posting this update, it dropped back to the previous level forming a long wick from the top. This isn't the first time we saw an error like this so, I guess there's nothing to panic about. The market is still moving at the same pace and so far no big change.
There's a slight resistance at 8.4% and it is most likely that the USDT.D will reject from that level. In case the USDT.D breaks through the resistance then it may attempt to reach the upper trendline (10% level).
Conclusion: We still have 3 hours left for the candle to close so we can wait and observe. I am still expecting the USDT.D to test the 8.4% resistance level.
I will keep things posted so do not worry.
Have good hours ahead, everyone.
Thank you.
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.
USDT DOMINANCE: IN SHORTER TIMEFRAME.Hello traders, here's another update on USDT.D in a shorter timeframe.
Timeframe: 8 hours.
Update: In my most recent update on the USDT.D, I mentioned that a bounce is likely possible. That update was on a higher timeframe and I will definitely stick to it. Now, when we see the chart in a lower timeframe, a rejection towards the lower support is possible and then a bounce back. This rejection level is at 6.6% and in lower TF if the dominance dips then BTC and altcoins will rally.
Pattern: In this 8-hour TF, the USDT.D has formed a pattern that looks like a 'Bearish Expanding Triangle'.
Conclusion: A rejection of the USDT.D can be expected in a lower timeframe which will give some room for BTC and other altcoins to grow. But if the dominance breaks above the 21 MA resistance (7.44%) then things will go totally opposite.
Note: This update is purely on a shorter timeframe. Don't get confused with the higher timeframe update. Both updates have their invalidation point so take your trades accordingly.
USDT DOMINANCE: LIKELY TO BOUNCE BACK?Hello traders, I hope you all are doing great. Here's an update on the USDT.D.
Timeframe: 3 days.
Update: The USDT.D is holding support at the 7% level and as I mentioned in my previous update, the USDT.D is likely to bounce back. If that happens then get ready to witness BTC dropping further down. As we can see that the USDT.D is yet to test its upper trendline which is around 12% and if the support 1 level continues to hold the dominance then it is likely possible. With that said, if the USDT.D reaches 12%, it is highly possible that BTC will drop up to $12k.
On the other side, if the USDT.D breaks down below the support 1 level then we can expect some greens on BTC and other altcoins.
I'll come up with more updates soon until then trade safely.
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.
Long or Short? Update for Leverage traders...USDT Dominance is at a decisive point. Multiple
Rejection candles will lead to a rally across the market.
BTC could hit $23k+ and alts will follow, probably a green week.
However, a close above the resistance will lead to a correction.
Important area, stay vigilant.
CONCLUSION:- Close above 7.28% will trigger short entries across the market.
Close below 7.23% enter long position with SL.
Let me know what you think in the comment section and hit the like button if you find this update helpful.
DYOR
Thank you
#PEACE
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.
