Tether Dominance Overbought | Long-Term RSI AnalysisHere we have a pretty clear as well as strong signal coming out of the weekly RSI for the Tether Dominance Index (USDT.D) chart.
Each time the RSI went to overbought, or just got close to it, Tether Dominance would enter a correction phase.
We have now USDT.D overbought which can signal that it is about to move lower based on past history.
With the inverse correlation between Bitcoin (BTCUSD) and Tether Dominance (USDT.D), we can see BTC rise while USDT.D falls.
Thank you for reading.
Thanks a lot for your continued support.
Namaste.
Usdtd
USDT DOMINANCE: IS IT TIME FOR THE DOMINANCE TO FALL???Hey there members. Welcome to this important update on USDT Dominance in 3 days timeframe. This update is going to be a crucial one as it will decide whether the market will make a bullish move or whether it will break down further.
So, let us analyze this chart.
Ever since the September 2020 rejection of USDT.D, the dominance has been maintaining the support and resistance trendline in a very healthy manner. Back in September 2020 when the USDT.D got rejected, it dumped from 4.89% to 1.91% which was around a 60.6% drop. The 2nd rejection was on June 2021 when the dominance reached 5.5% making a new ATH. It dropped from 5.5% all the way to 2.45% and it was around a 55% drop.
Coming to the current scenario, the USDT.D has made a new ATH at 7.27% and after reaching this level, we can clearly see a rejection taking place. But, will this rejection be strong enough to drop the price all the way down to the 3% level? Or whether the USDT.D will rally higher than its ATH?
The answer lies within the chart. From my analysis, the USDT.D has strong support at 5.9% and another support at 5.2%. If the USDT.D breaks down below these two support levels then we can expect the dominance to drop down towards the 3% level.
I will update more on this in the coming days.
Do let me know what you think about the USDT Dominance.
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Thank you.
USDT.DOMINANCE 4HOUR UPDATE !!Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks, Friends.
I have tried my best to get the best possible results in this chart.
Hello, dear traders welcome to this USDT.DOMINANCE 4hr chart analysis.
As we can see from the above chart, USDT.D is currently trading inside a symmetrical triangle pattern created, and the upper side brake and retest and usdt dominance
is bounce sand target 7.08.
Thank you for your time, we hope that our work is good for you, and you are satisfied, we wish you a good day and big profits.
Thanks.
USDT DOMINANCE: A RALLY TOWARDS A NEW ALL TIME HIGH???Once again welcome traders, to today's USDT Dominance update.
The USDT Dominance is moving as analyzed in my previous update. BTC and other altcoins dropped to the support zone and some went down below the support level. I personally had my entries in ETH, RUNE, and BTC and I am still holding it with close SL cause all my long positions are on spot.
The USDT.D has its resistance at 6.5%, 6.6%, and then 7.1%. If the USDT.D breaks the 6.6% resistance then 7.1% could be the last hope for the dominance to get rejected making a double top in a longer timeframe. If not then it is possible that we will witness another new all time high in the USDT dominance.
If you agree with this idea then do like and follow for more updates.
Thank you for your support.
USDT DOMINANCE UPDATE.Hello traders, welcome to this update on USDT.D.
This is the chart that is not allowing me to trade. This is making me skeptical to enter into any trade apart from my spot holdings.
The USDT.D clearly broke out, did the retest, and bounced back. Looks like it can rally higher up to 6.48% to 6.8%. I am not entering into any leveraged trading as per the current scenario but I will surely post some possible altcoins which can rally higher if the market is in the bull's favor.
Make sure to like and follow for more updates.
Trade safely.
#USDT.DOMINANCE UPDATE !!Hello, dear traders welcome to this USDT.DOMINANCE 2hr chart analysis.
I have tried my best to get the best possible results in this chart.
Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks, Friends.
As we can see from the above chart, USDT.D is currently trading inside a symmetrical triangle pattern created, and the upper side brake and retest and usdt dominance
is bounce sand target 7.08.
A break below the upper trend line level would trigger the USDT pair altcoin is pump
Here if USDT.D breaks down it may move towards the 5.20% level.
Thank you for your time, we hope that our work is good for you, and you are satisfied, we wish you a good day and big profits.
Thanks.
Tether Dominance Still MixedTether Dominance (USDT.D) hit an All-Time High this very month, just as Bitcoin (BTCUSD) went through the worst drop in several years.
This chart is not weak but a high has been hit.
Each time the upper trendline is hit, we tend to have a correction.
This is a mixed situation... But the volume is lower now compared to June 2021.
So USDT.D is likely to correct...
Still, this is a difficult chart.
Namaste.
USDT DOMINANCE: SHOULD WE BE WORRIED???Hey guys, welcome to this USDT.D update in 6 hours timeframe.
If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market.
The USDT.D is still above the 5.5% resistance trendline in a longer TF which is now technically acting as support for the dominance. If you view the same chart in a longer TF then you'll notice that the USDT.D has actually retested and getting ready to bounce back.
In this 6-hour TF, the dominance is breaking out of the triangle which looks like a descending triangle to me. Usually, the descending triangle is a bearish pattern but in some cases, it could be bullish too and we call it a 'Reversal Pattern'. If the dominance has to bounce then it may reach all the way to 6.5% to 7.2%. This means that BTC and other altcoins will drop. A breakdown on the other hand could drop the dominance up to 5.5%.
We still have roughly 4 hours for the candle to close so let's see what will happen next.
Until then, trade safely.
#USDT.DOMINANCE 2HOUR UPDATE BY CRYPTOSANDERS !!Hello, dear traders welcome to this USDT.DOMINANCE 2hr chart analysis.
I have tried my best to get the best possible results in this chart.
Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks, Friends.
As we can see from the above chart, USDT.D is currently trading inside a symmetrical triangle downside brack the candle and bullish usdt pair coin.
A break below the lower trend line level would trigger the USDT pair altcoin is pump
Here if USDT.D breaks down it may move towards the 5.20% level.
Thank you for your time, we hope that our work is good for you, and you are satisfied, we wish you a good day and big profits.
Thanks.
Tether Dominance Going Down, Bitcoin Going Up!I just shared a trade idea for Bitcoin mentioning a "relief rally"... See it here !
Here we can see USDT.D closing below EMA10 after an inverse cup pattern.
This signals lower prices.
With BTCUSD and USDT.D having an inverse correlation, we can see BTC's price rise while a drop happens in USDT.
I am keeping it simple for now...
I will go into more details later on.
Welcome back!
Thanks a lot for reading and for your continued support.
Namaste.
#USDT.DOMINANCE 2HOUR UPDATE BY CRYPTOSANDERS !! Hello, dear traders welcome to this USDT.DOMINANCE 2hr chart analysis.
I have tried my best to get the best possible results in this chart.
Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks, Friends.
As we can see from the above chart, USDT.D is currently trading inside a symmetrical triangle pattern.
A break below the lower trend line level would trigger the USDT pair altcoin is pump
Here if USDT.D breaks down it may move towards the 5.20% level.
Thank you for your time, we hope that our work is good for you, and you are satisfied, we wish you a good day and big profits.
Thanks.
#USDT.DOMINANCE 2HOUR UPDATE BY CRYPTOSANDERS !!Hello, dear traders welcome you to this USDT.DOMINANCE 2hr chart analysis.
I have tried my best to bring the best possible outcome in this chart.
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 we can see from the above-mentioned chart that USDT.D is currently trading inside the symmetrical triangle pattern on a lower trend line bounce and upper tradeline brake and altcoin pump and USDT pair.
Break below the lower trend line level will trigger USDT pair altcoin to move aside for shot run.
Here if USDT.D breaks below then it can move down towards the 5.20% level.
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 BY CRYPTOSANDERS !!Hello, dear traders welcome you to this USDT.DOMINANCE 1hr chart analysis.
I have tried my best to bring the best possible outcome in this chart.
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 we can see from the above-mentioned chart that USDT.D is currently trading inside the symmetrical triangle pattern on a lower trend line.
Here I am expecting USDT.D will gain some % and then break back below this triangle pattern at the price level of 5.85%.
Break below the lower trend line level will trigger USDT pair altcoin to move aside for shot run.
Here if USDT.D breaks below then it can move down all the way towards the 5.10% level.
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 2HOUR UPDATE !!Hello, dear traders welcome you to this USDT.DOMINANCE 2hr chart analysis.
I have tried my best to bring the best possible outcome in this chart.
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 we can see that at the above mentioned chart that USDT.D was trading inside the bull flag pattern in this 2hr chart pattern.
It broke well and now moving upside after an perfect retest.
So here I am expecting more % gain in USDT.D. in upcoming hours towards the 7.20% level.
According to the current scenario stay aside for some time from USDT PAIR ALT COIN until dominance shows some reversal.
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 BY CRYPTOSANDERS !!Hello, dear traders welcome you to this USDT.DOMINANCE 1hr chart analysis.
I have tried my best to bring the best possible outcome in this chart.
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.
In scenario 1, we can see that whenever 100D MA cuts the candles below then USDT.D becomes bullish.
In scenario 2, we can see that 100D MA crossed the candles and it becomes bearish.
In scenario 3, we can seas the same scenario as scenario 2 where agin 100D MA crossed the candles and USDT.D moving downside.
Here I am expecting a break below this channel pattern which will be the indication to go long in different USDT pair ALTCOINS.
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 !!Hello, dear traders welcome you to this USDT.DOMINANCE 1hr chart analysis.
I have tried my best to bring the best possible outcome in this chart.
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 is a falling wedge and bearish pattern and bullish monument in an altcoin.
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.D - DUMP\PUMP BTCI am now analyzing volumes in the language of numbers (what I teach in a closed group) and there will be huge volatility, so also consider a similar option, a false takeaway up and strong increase with the goal of $31,800👀 it will happen within 2 hours.
You must understand that there is a probability trade, I will earn with any price movement since I have several price movement scenarios▫️
1. false takeaway down to +- 29300 and further reversal, scalp long entry on volumes with $31800 targets🚀
2. Now there is a local growth to $ 30,500 and from there a set of positions in short (reading the volume in the language of numbers gives a more accurate answer when to enter)🩸in this scenario, I will try to warn you in time
USDT.D - dump BTC more than 5%USDT.D - dump BTC more than 5%
The price was clamped in a triangle, we are also moving above the global bullish pennant on the weekly timeframe, now a bullish flag pattern has been formed, which I expect to work up in the near future. in my past ideas, i talked about that there will be a drop in BTC, though I did not expect such a big drop, so work locally with what you have
USDT.DOMINANCE 1HOUR UPDATE !!Hello, dear traders welcome you to this USDT.DOMINANCE 1hr chart analysis.
I have tried my best to bring the best possible outcome in this chart.
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 we can see in the above-mentioned chart that USDT.D is trading inside a descending channel pattern also rejected from the 100D MA and moving towards the lower trend line of the channel pattern.
In scenario 1, we can see that whenever 100D MA cuts the candles below then USDT.D becomes bullish.
In scenario 2, we can see that 100D MA crossed the candles and it becomes bearish.
In scenario 3, we can seas the same scenario as scenario 2 where agin 100D MA crossed the candles and USDT.D moving downside.
Here I am expecting a break below this channel pattern which will be the indication to go long in different USDT pair ALTCOINS.
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 Hello, community members welcome you all to this market cap USDT.D 1hr chart analysis.
As we can see in the above-mentioned chart the USDT.D war trading inside the triangle pattern and broke upside.
Currently, USDT.D retested the upper trend line moving towards the upside which is a signal of bearishness in ALTCOINS.
Now, if we look at the first scenario USDT.D broke the triangle pattern and pumped almost 25% after retesting the upper trend line.
Here at the current scenario if pumps then it can pump again 25% or if USDT.d rejects from this level then blue MA is also worKING as support.
So here, USDT.D needs to break the blue ma if it comes done then it will be the indication of the rally in ALTCOINS in the USDT pair.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
If you like it, hit the like button and share your charts in the comments section.
thank you.
USDT.D Update: Crypto Market is still bearishTether dominance is moving in a parallel ascending channel with an acceptable fractal which is now indicating a bullish episode of growing dominance. As dominance goes up the whole crypto market will suffer more correction. So I expect the bearish market to continue yet until around %9 USDT.D which is the top of this main channel.