USDT.D reaching new levels 🧟♂️ Not good outlook for crypto 🙅Greetings,
USDT Dominance currently sitting at 6.10%, reaching levels it has not seen before which is further bad news for Cryptocurrencies. I spoke yesterday about 5.40% being its high point and we may be able to see some relief here and a potential reversal, well I was wrong, it smashed through yesterdays levels and does NOT look like stopping any time soon. As the % of USDT.D rises in the chart above, this means people are selling their Bitcoin or Altcoins for USDT, essentially as this % rises we see price of BTC & Alts fall.. I'm trying to stay positive about the current market states, but it's looking bleak.
What is USDT.D?
USDT (or Tether) is a stable coin, pegged to the USD. The USDT dominance is the ratio between the market capitalization of USDT to the total market cap of the entire cryptocurrency market. When we compare this ratio to the trend of USDT itself, we can learn more about what opportunities the current market environment offers and the flow of money between Bitcoin, Altcoins & Stablecoins.
USDT dominance chart is a recent chart that TradingView has added, most crypto traders are focused on the BTC dominance chart. But this chart gives a rare insight into market conditions. We have to thank @TradingView for recently adding this one!
BTC Dominance Chart
We can see BTC.d is not giving us any major indications of a bearish or bullish future which is why at this point in time I am focusing on USDT.d.
TOTAL
TOTAL shows total market capitalization of the top-125 cryptocurrencies.
Remember, nothing is guaranteed, control the controllables.
Mogues.
Usdtd
!!!IMPORTANT UPDATE!!! USDT DOMINANCE: HITTING THE RESISTANCE!!!Welcome members to this important update on USDT dominance in 3 days 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 dominance broke the 5.25% resistance in a lower timeframe. Looking into a higher timeframe we still have strong resistance at 5.54%. This is going to be a decisive point for the dominance and the entire market. The all-time high for USDT.D was 5.53% and it is most likely possible that we will see a new all-time high on USDT.D followed by a rejection.
So, if the rejection is imminent then can we consider BTC and other altcoins to pump?
Yes, of course. If the USDT.D gets rejected from this point then we will surely witness a mega rally coming in soon.
For BTC and altcoins to pump, all we need is a healthy rejection from the resistance level drawn in the chart. Compared to the past when USDT.D got rejected from 4.92%, it dropped close to -60% and then rallied 180% making a new ATH. Soon after that another rejection took place and it was about -50% and then a 120% till now. All this happened in a span of 100 to 180 days. This means if the USDT.D gets rejected any time soon, we may witness a mini altseason for roughly about 180 days.
Now, if the dominance break through the resistance and continues to rally higher then it will surely change the entire market scenario. This will surely be a disaster but for now, I am considering a rejection of the dominance. It will be a wise decision to wait for the confirmation and then get into BTC and other altcoins. So, get ready with your funds cause if it is so good to be true then you're gonna make some good money.
Let me know your opinion about the USDT dominance.
Thank you.
Bitcoin Pump Signal 🚦I was looking at USDT dominance (1D time-frame), and just found interesting signals 🌞
1. USDT.D has broken the green bullish trend-line and now is on a bearish move.
2. It is being rejected after it has reached the red trend-line as a dynamic resistance area .
3. The static resistance above is a strong long-term resistance area that is rejecting the USDT.D
What I personally conclude from these 3 signals, is that there is a high possibility that USDT.D will start a strong down-trend. And as the Bitcoin is on a strong support area as well, it can help the Bitcoin PUMP!
Feel free to let me know about your ideas or any questions you got in comment section.
USDT DOMINANCE: A BREAKOUT OR FAKEOUT???Welcome folks to this interesting update on USDT dominance. For today's update, I am using the same 12 hours chart.
In the last 24 hours, I posted a similar chart on USDT.D where I pointed out the support and resistance level. And as soon I posted the idea, BTC dropped and the USDT.D bounced back, breaking and closing above the resistance trendline.
What this could probably mean? Does it mean that we are done with the market?
Well, many traders might be thinking the same question but here's an interesting thing in this exact same chart. Just look at the dotted trendline drawn both in the chart and the RSI. The USDT.D might have broken above the trendline but after a big bounce, the USDT.D stopped right at the dotted trendline. And in the RSI, the volume is getting rejected from the trendline and it is unable to break through it.
So, is it a fakeout or an actual breakout?
This could be both considering the below-mentioned conditions.
Condition 1: If the USDT.D gets further rejected and the candle drops back under the upper trendline then we can consider this as a fakeout.
Condition 2: If the USDT.D bounces back in the next closing of the candle breaking and closing above the 5% resistance, we should be worried if we are holding any positions.
The RSI on the other hand is still valid and I will strongly stick to it. In this current scenario, I am out of my leverage trading, completely. I have my spot holdings which are ok so far.
Let me know what you think about the USDT dominance.
Do like and follow for more updates. Thank you.
USDT DOMINANCE: A DROP INCOMING!!!Welcome members to this update on USDT Dominance.
My sincere apologies for not posting the charts consistently for the last couple of weeks due to some medical emergencies. Thank you for your DMs and for showing your concerns towards me. It means a lot and for general information, I am alright and doing great now.
Moving on to the chart. Well, for the past few days, we are noticing some rejection in the USDT.D and this is coming out strong. This is the exact same resistance trendline from where the dominance got rejected in the past. We may see some greens in between but in a long term, the USDT.D is most likely to get rejected. I am still considering 4.8% to 5% to be a strong resistance zone for the USDT.D. If the USDT.D manages to break and close above it then things may go another way around.
Talking about the rejection, if the USDT.D keeps getting rejected then I am expecting a 17%-20% drop by the end of May 2022. This means altcoins will have plenty of room to make profits and BTC may rally higher.
The RSI, on the other hand, shows a bearish divergence move. This clearly indicates that the USDT.D will possibly drop in the long run.
We have two important supports for the USDT dominance. Support 1 is at 4.5% and support 2 is at 4.3%. The dominance may possibly bounce back from or close to these levels and whenever the USDT.D will bounce back, that will be a good opportunity to enter the trades.
What's your thought on this? Do you think the USDT.D will reject furthermore?
Do share your views and like my ideas.
Thank you.
#USDT.DOMINANCE DAILY UPDATE BY SANDERS Hello, welcome to this USDT.D 1D chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS:-
As we can see in the 1d chart it is evident that USDT.D rejected from the resistance level and Wee can see that whenever USDT.D rejects from the upper trend line resistance it goes down for at least 3 weeks which is a good signal for the bull traders to get in the market.
Its currently facing the support of the black MA.
Here USDT.D needs to break the MA support for a bearish rally in upcoming weeks.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
#USDT.DOMINANCE 4HOUR UPDATE BY SANDERS!Hello, welcome to this USDT.D 4hr chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS:-
In the above-mentioned chart, it is evident that USDT.D is moving inside the channel pattern on a support line.
Here I am expecting that USDT.D can bounce from the current level and can move upside towards the upper trend line resistance in which the ALT coins will bleed hard
After a bullish move, it can reject from the 5.15% mark which will be great for bull traders to get into a long position.
In other scenarios, USDT.D can go down from this level also after a break to the current support line which will also the zone to go long for bull traders.
IMO, we should wait for the candle close which will be the confirmation that which side we should move.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
USDT.D bullish signs are up#USDT.D
USDT Dominance shaped cup and handle pattern or bullish flag pattern.
break out from long term resistance zone will be bullish for USDT and a bearish sign for crypto market.
and rejection from long term resistance zone or upper line of flag will b bearish for USDT and bullish for crypto market.
USDT DOMINANCE DROPPING DOWN.Welcome folks to this USDT Dominance update in 4 hours timeframe.
The dominance is dropping down red and looks like 4.3% is imminent for the dominance to drop. The USDT.D got rejected exactly from the resistance trendline and currently, it is reading down towards the lower supporting trendline.
We still have 30 mins left for the 4-hour candle to close and around 4 hours left for the daily candle to close. If the USDT.D continues to drop then we may see some greens on BTC and other altcoins.
What do you think about the dominance? Let me know in the comments.
Do like and follow.
Thank you.
#USDT.DOMINANCE DAILY UPDATE BY CRYPTOSANDERSHello, welcome to this USDT.D chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS :
As I mentioned in my previous USDT.D chat that it will move upside towards the upper trend line and till now it moved well.
Now , according to the current scenario USDT.D rejected from the upper trend line that’s why in shorter tome frame many ALT COINS are green now but IMO do not panic because we should wait for the daily close which will be confirmation to take long entry or short entry.
If it keep rejected after a daily close then it will be good signal for bull traders, to go long.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
USDT.D ADVANCED ANALYSIS!!!Based on the rules of the price action, I can see that the USDT Dominance is making some lower highs and is shifting the trend from side range to the bearish one. So the crypto market may have some spectacular pumps (it is highly possible. because some short positions should be stop hunted...)
BTCUSDT - there will be a 3 top, after a strong declineI will not explain what and why, how this graph is built. Whoever needs it will do it themselves. It's a little part of the other TA world that you don't want to see because the only thing you're doing is reading books to guide the mindset of the crowd. I give you the opportunity to look at everything from a different angle. Believe me, this is 1/100 of what you saw. Therefore, do everything from scratch, in books there is deceit.
more information on my channel, I just recently switched to English, so I will be glad for every like and comment. Thanks
#USDT.DOMINANCE 6HOUR UPDATE BY CRYPTOSANDERS Hello, welcome to this USDT.D 6hr chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS :
According to the above-mentioned chart, we can see that every time the bull trend starts USDT.D rejects from the 4.68% to 4.94% area which is a strong resistance level.
Now I am expecting a bounce from the current % level to the strong resistance level and rejection which will trigger the bull rally in the upcoming weeks.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
USDT DOMINANCE CLOSE TO THE RESISTANCE LEVEL.Welcome members to this update on USDT Dominance.
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 once again close to the resistance level. In a 3 days timeframe, this resistance trendline has worked perfectly. Now, the interesting thing we need to notice is the RSI. Even though the USDT.D bounced back from the 3.77% support level, it failed to bring enough volume. This could be one of the signs projecting a drop in the USDT dominance.
To further understand the dominance upcoming scenario here are some key points we need to be aware of.
1. The 21 MA support: The 21 MA is acting as a support for the dominance right now. If the dominance bounces back from this level then we can expect the dominance to hit the resistance level soon. A rejection on the other hand will confirm a good rally incoming on BTC and other altcoins.
2. The resistance level (4.7% to 4.8%): If the USDT.D intends to climb up to this level then we will see some correction in BTC and other altcoins.
Honestly, the USDT Dominance looks bearish in a longer timeframe and soon we will see a big drop incoming. The only invalidation point will be the 5% resistance level. If the dominance breaks out of this level then the direction of the entire market will change.
What do you think about the dominance? Let me know your thought.
Thank you.
#USDT.DOMINANCE 4HOUR UPDATE BY CRYPTOSANDERS Hello members, welcome to USDT.D 4-hour update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome in this chart.
In the current scenario, in the 4hr chart, it broke the lower trend line and we are expecting a retest and downfall from this level in the upcoming days.
We should wait for the retest which will be the zone for going long on ALTCOINS in usdt pair.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
INDEED, IT WAS A RETEST. 4.8% TO 5% IS THE NEXT TARGET.Hello members,
Here's a quick update on USDT.D. The USDT dominance followed scenario 1 (The dominance will bounce back hard up to a 5% resistance level) from the previous update. The dominance is at 4.5% level and looks like 4.8% to 5% is an imminant level where the USDT.D can reach in few days. This means BTC and altcoins may still continue to dump.
Well, whatever goes up, must come down . This line is applicable here so trade wisely and wait for the right moment.
USDT DOMINANCE: IS IT A RETEST???Welcome members to this update on USDT DOMINANCE.
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 at the zone where you get a mixed feeling in your mind. THe USDT.D is still above the 4.14% support level and the current price movement looks like a retest. It is a decisive zone for dominance right now and it is clearly creating two scenarios.
1. The USDT.D will bounce back hard up to a 5% resistance level.
2. Further rejection, back to the 3.77% support level.
These two scenarios are fully dependent on that one single support line. It will be wise enough to wait for the weekly close and see where the market is heading.
Some coins to keep an eye on will be C98, GALA, ALPHA, and TOMO.
I will update more on it so do follow and like my ideas.
Thank you.