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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.
CRYPTOCAP:USDT.D
by Dexter_The_Trader
5
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.
CRYPTOCAP:USDT.DShort
by Dexter_The_Trader
#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.
CRYPTOCAP:USDT.D
by CryptoSanders9563
#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.
CRYPTOCAP:USDT.D
by CryptoSanders9563
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.
CRYPTOCAP:USDT.DShort
by Dexter_The_Trader
#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.
CRYPTOCAP:USDT.D
by CryptoSanders9563
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
by FTT_TRADER369
9
#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.
CRYPTOCAP:USDT.D
by CryptoSanders9563
2
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.
CRYPTOCAP:USDT.DShort
by Dexter_The_Trader
#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.
CRYPTOCAP:USDT.D
by CryptoSanders9563
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.
CRYPTOCAP:USDT.DLong
by Dexter_The_Trader
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.
CRYPTOCAP:USDT.D
by Dexter_The_Trader
#USDT.DOMINANCE DAILY UPDATE BY CRYPTOSANDERSHello, members welcome to the USDT.D 1D chart update by CRYPTOSANDERS. I have tried my best to bring the best possible outcome in this chart. As we can see from the above-mentioned chart that USDT.D is trading below the resistance on the daily chart which is a decisive point for ALT coins. According to the current scenario if usdt.d rejects from the current level then it will be great for the ALT coins in usdt pair. In another scenario, if it brakes the resistance then the ALT coins in usdt pairs will bleed. IMO it's better to stay aside from taking trades currently and we should wait for the confirmation. 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.
CRYPTOCAP:USDT.D
by CryptoSanders9563
USDT DOMINANCE UPDATEHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Do consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome in this chart, Do not consider it as an Financial advice. The dominance has retested these 4% resistance levels. We need to be extra careful here as this is a decisive moment for the entire market. The chart is pretty simple and clear on what could happen next. We just need to close one more daily candle below this resistance. let's see how the daily candle closes. This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart. Would also love to know your charts and views in the comment section. Thank you
CRYPTOCAP:USDT.DShort
by CRYPTOMOJO_TA
4
THE USDT DOMINANCE BACK TO THE 3.77% SUPPORT LEVEL.Welcome to this USDT Dominance update. Let me keep it short and simple. Guess what? The USDT.D got rejected exactly from the 21 MA and it is currently testing the 3.77% support level. If this support level is broken for USDT.D then wala! Welcome to the bullish rally. Let's be extra careful here cause if the dominance bounces back from this level then it's a gone case for BTC and other altcoins. Moreover, we are on the weekend and the major impact happens either during the weekend or after the weekend. So keep your eyes wide open. Like and follow for more updates. See you around.
CRYPTOCAP:USDT.DShort
by Dexter_The_Trader
2