usdtd breaks its own floor ???
Hello dear friends
usdtd breaks its own floor ???
The chart clearly shows us a shoulder and head pattern, and this pattern is a strong sign that the trend may change when it forms at the end of an uptrend.
As we know, in case of breaking the neckline, the pattern is confirmed.
The general situation of the market is such that one can hope to complete this pattern, and if this event is stabilized, it will be a strong sign to change the overall market trend from the current downtrend to a new uptrend.
I hope you enjoy this analysis and find it useful.
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Usdtd
USDT.DOMINANCE 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick USDT.D analysis.
I have tried my best to bring the best possible outcome in this chart.
Strong Dominance looks Bullish on High Time Frame but Strong Dominance may come closer to 4.32 Only then Dominance will Bullish Bounce
Sorry for my English it is not my native language.
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USDT DOMINANCE: IT WASN'T ENOUGH TO BREAK THROUGH.Welcome members,
Yesterday's market was scary when we saw USDT Dominance breaking through the resistance but looks like the volume wasn't enough to break the ceiling. The USDT dominance failed to break the resistance level at 5% for the fourth time which makes it a very important resistance level. Rejection in USDT dominance is good for the market but if it breaks the resistance then the market is doomed. I strongly believe that we will possibly see some further rejection on the USDT dominance keeping in mind all the odds. Breaking below the 21 MA will confirm a drop towards the 3.77% support level. The RSI on the other hand is still showing weak momentum.
Let's see what comes next.
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USDT DOMINANCE AT THE RESISTANCE!!!PERFECT!!! PERFECT!!! PERFECT!!!
Welcome to this USDT Dominance update in 2 days timeframe. If you haven't checked out my previous USDT dominance update then don't worry, I have all covered for you. I have attached the link below so you can go through it.
Well, the USDT dominance perfectly followed the rally towards 5%, and currently, it is at 4.85%. This rally dumped the entire market and guess what, for those of you who followed my ideas knew from before about the current market scenario. Ok, so, what's next? The USDT dominance has not shown any sign of a bearish move here except the RSI. I know I have been talking about RSI a lot but this is something that I can't avoid. The USDT.D is green and pumping but the RSI volume is decreasing and this is completely opposite with Bitcoin.
We may see a spike in USDT.D but ultimately it is going to fall which means BTC and other altcoins will rally. I am expecting a drop soon on the USDT dominance. We will see how high it will go.
Do you view the USDT dominance the way I am viewing it?
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USDT.D Check the chartHello, by examining the chart, we come to three different scenarios.
1- The first scenario is to complete the price action and break the pattern inside the image and withdraw the money to the fixed assets of the dollar.
2- The second scenario is that with the withdrawal of bitcoin from the exchange and looting by market whales, more volume of liquidity has entered the market to buy more bits and other cryptocurrencies.
3- Suffering within the same limits for all currency codes.
4- The phase of intense fear and monopoly of most whales in the market for cryptocurrencies and Dominance Tetra reaches 8 to 10, which becomes very interesting.
USDT/DOMINANANCE 2HOUR UPDAYTE BY CRYPTOSANDERSWelcome to this quick USDT.D analysis.
I have tried my best to bring the best possible outcome in this chart.
USDT pair you trade now it will be fine I will update as soon as the market changes
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 - Getting close to an important areaThe dominance has formed a local descending formation - it's either a channel or a wedge depends on how you draw it- but either way the odds of it breaking to the upside are higher. If it continues to drop within its trendlines, it will soon reach an important zone (4.35-4.20) which is also where the lower trendline of yellow parallel channel is. This confluence gives a solid chance for a bounce from those levels (bearish for the market) However, if the dominance breaks below 4.20%, this could indicate a potential reversal (or at least short term recovery) on the market.
Historically (over the last 4 years), we have never seen a macro V-shaped change in a trend direction , that's why I would stick to a bearish narrative for a while, until proven otherwise.
-- 1h chart, local view:
Does the Crypto market bottom confirm?
USDT dominance shows some weakness on the important price action level and volume divergence is obvious.
USDT dominance show weakness in the weekly time frame. It means people inside the market are buying the dip.
RSI: Close to the overbought area.
📌DISCLAIMER: I am NOT a financial adviser. None of what I have communicated verbally or in writing here should be considered as financial advice; it is NOT. Do your own research(DYOR) before investing in any digital asset, and understand that investing in any cryptocurrency is risky. If you do, you need to be prepared to lose your entire investment. I’m only recording my personal Technical Analysis (TA) for educational purposes.
I📌’m researching on crypto-economy and sharing my understanding with others, therefore these are results of my research NOT financial advice.
📌In case you find it interesting please feel free to share with others.
Crypto's Correction Looks Over, Jan 26USDT Dominance has reached its resistance as you can see in chart
This is where I can assume that the correction is over
February has always been one of the greenest months for Bitcoin so I can expect the same to happen this year.
When USDT.D comes down, crypto market goes up
🔥 USDT Dominance Signals Bullish Reversal SoonThe USDT dominance chart is not a chart I see on TradingView that often. However, it offers good insights whether investors are selling their crypto for USDT, or spending their USDT to buy crypto. Generally, when USDT.D goes up, crypto prices go down. When USDT.D goes down, crypto prices go up.
Since the start of this bull-cycle, USDT.D has been trading in a clearly defined horizontal channel. Once USDT.D reaches the resistance area, the (local) bottom has either been reached or is very close. Once USDT.D reaches the support area, the top is either in or very close. I've marked the last four major moves on the chart, green being bullish moves and red being bearish moves.
Furthermore, the 3-day RSI is significantly overbought. The last two time this happened it signaled that the bottom was very close and we were prone for a bullish move.
Be aware that there's still more room to fall. We have a very important FOMC meeting later today. A bullish market reaction might trigger a further decline in USDT dominance and a corresponding bullish move from crypto. A bearish reaction might send USDT.D further up the resistance area.
Nevertheless, most of the damage from the current correction has already been done.
Happy trading!
USDT.D Daily TA : 12.26.21 : $USDT.DAs we can see, Tether's Dominance has reached an important resistance since the last 4 weeks and has shown a negative reaction to this level , and this has caused the USDT.D to fall , if the weekly candle closes below 3.30% , we can expect more fall from it.
It gives us a very positive view of the market, and that may help the bitcoin's pruce to break the very important resistance of $ 51700 range.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 26.DEC.2021
⚠️(DYOR)
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alt party or alt goodby party!i think bear seson is starting.
Be careful that bitcoin does not hunt you down.
The last chance is to leave the market ... If Bitcoin's 40% dominance in the market is broken, we have alt season, but if the wedge breaks up, Altcoins will be dragged to the ground and blood.
USDT DOMINANCE UPDATE! DO OR DIE SITUATION FOR ALTCOINS!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT Dominance update. USDT.D forms an ascending triangle pattern and currently hovering at the above trendline of the triangle.
At 3.08 level a strong resistance is there for USDT dominance. IMO Dominance should dump from here and then altcoins start pumping. You can pick some of your favourite altcoins now with tight SL.
But also keep in mind that if we get any candle closes above 3.08 level then we will see more dump in altcoins. So trade accordingly.
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This isn't financial advice. DYOR before investing.
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₿ USDT.D 1D ₿ : 28.Nov.2021 (USDT.D)The dominance of Tether (USDT) has reached a very important resistance level, if it is rejected from here we can expect the Bullish market to return , but if this resistance will break , we will face a BEARISH and Bloody market .
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 28.Nov.2021
⚠️(DYOR)
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📊USDT.D- Possible scenarios 04/11/21Yesterday USDT dominance tapped the previous low from last week (2.56). This is creating a base for a potential double bottom, which would be confirmed once the neckline is broken. If the price(value) breaks below 2.56, this on the other hand would signal big pump coming.
Nothing to worry about, just something to keep an eye on. But it wouldn't be a bad idea to move stop losses into profit/break even.
Best of luck 🤗