Usdtd
USDT DOMINANCE: HOLDING THE 2ND SUPPORT LEVEL.Hello traders, here's an update on the USDT dominance in 8 hours timeframe.
This 8 hours chart looks interesting as the market is making some bullish moves. Recently, we saw the dominance getting rejected from the previous 8.16% support level (currently, a resistance). It dropped close to -5% in the last 24 hours but couldn't break down below the 7.9% support level. Now, this support is crucial for the dominance to hold on to because if this breaks, the USDT.D could drop as low as 7%. For now, the USDT dominance is bouncing back and the RSI is backing up this bounce. If the bounce continues then 8.18% is the resistance and after that, we can expect a drop. Breakout and close above the resistance will invalidate the rejection.
That's it for now. I hope this update was helpful to you. Make sure you like, share, and comment.
Thank you, guys, and trade safely.
Tether Dominance Aims Down At 7.12% (10% Drop)Yesterday Tether Dominance (USDT.D) closed below EMA10 and today we have a full bearish candle.
The drop is about to speed up.
We see EMA50 as the next support line at 7.94%, but looking back this line is always pierced and MA200 has been the main support.
MA200 is sitting at 7.12%, this is where we think stands the first/main support.
As Tether Dominance goes down, Bitcoin goes up.
We can see at least 1 week bearish, 7 days, to start...
As this move develop, we can gain more data and figure out for how much longer this correction will go.
Namaste.
USDT DOMINANCE: STILL UNDER THE SUPPORT.Hello traders, here's a quick update on USDT dominance.
We saw how the USDT.D made a sudden move lately and now it is dropping down again which means BTC and other altcoins are in green. Things may look good as the market is rallying up but let us not ignore the support that the dominance is holding. If the USDT.D breaks below the 8.18% support level, we may consider some good moves in the market.
If you are scalping this current market then it is better to book the profits as much as possible.
That's it for now. I will update more on it according to the market trend.
Trade safely.
USDT DOMINANCE: HANGING BY A THREAD.Hello awesome people. I hope you all are doing great.
Things are pretty uncertain as the market has hovered around the same level for the last 5 days. For instant, look at this USDT dominance chart. It looks similar to the descending triangle, breaking down below the support level, retesting, and rejecting. Chart-wise, it looks bearish but if we look at the RSI levels, it is close to the oversold zone. It is quite possible that we may see a few more reds close to 8% letting the traders believe that it is a bearish confirmation and then bang, a quick pump out of nowhere.
Now, I wanna be wrong in this case but I never play with my emotions, I always follow the chart patterns and the fundamentals. So, as per the current market scenario, I would like to step aside and let the market make its first move which is the weekly close.
What do you have to say about the current market scenario?
Tether Dominance Mixed Signals + Bearish PotentialI will now read the Tether Dominance (USDT.D) chart for you but let's keep in mind that this one is tricky, it fooled us several times in the past.
We have some mixed signals.
We have a lower high (Nov. vs June) based on candle wick and a higher higher based on candle close.
We have the same pattern forming now as it happened back in June.
A correction pattern.
USDT.D is likely to move lower to test MA200, the black line on the chart.
We see here only a short-term correction.
If this goes down Bitcoin goes up.
But as it finds support, Bitcoin finds resistance and things turn.
I am mentioning this to keep in mind that any Bitcoin rally should be considered a relief rally so stay on the lookout, not to get complacent in a matter of days.
USDT.D daily below EMA10 signals bearish potential but this is a weak signal at this point.
Lower highs is also bearish yet these signals lack strength.
It is a bit mixed because we have a bullish trend maybe entering a correction in a matter of days.
We are reading bearish signals on a bullish trend.
We specialize in looking for reversals/trend change; that's why.
Namaste.
USDT DOMINANCE: ON A VERGE OF ANOTHER BREAKOUT!!!Hello traders, a quick daily update on USDT dominance.
The USDT.D has outrageously rallied in the last couple of weeks. From a fakedown all the way up to the breakout was no less than a horror movie. Currently, the USDT.D is making another rally toward the resistance. If by any means, the USDT.D breaks beyond the resistance zone then there will be chaos in the market. I really wish that USDT.D gets rejected right from the resistance level and then gives room for BTC and other altcoins to grow. The daily close is just a few hours away. So, let's see where the USDT dominance will head next.
Trade safely, guys.
USDT DOMINANCE: SO CLOSE YET SO FAR.Hello traders, welcome to this weekly update on USDT dominance. There's a lot going on in the market right now. Manipulation after manipulation, investors losing millions of dollars, traders losing hope, noobs quitting trading, and big players making money taking advantage of their power. This ain't the first time we are going through this situation. After every roar of fear, we have witnessed a calm, and unsound rally. This is the point where we always miss out or realize it later.
Currently, the market trend is bearish, most of the traders have exhausted their funds by either booking huge losses, liquidating their entire portfolio, or by buying every fake dip. By the time the market reaches its absolute bottom, only a handful of traders stay behind to buy the real dip.
Now, you may question whether $15k is the real bottom. Trust me, no one will be able to tell you the bottom. With the help of T.A, we can simply assume a probability of an upcoming possible scenario. That's why we don't consider T.A as financial advice.
Talking about the probability, the USDT dominance is already at the edge of falling down. It may stay at this current range for some time and then move towards the downtrend. Comparing the RSI and the chart, we can clearly notice where the market is heading. We may see some more upward rally in the dominance and I expect it to be below 9.5%. If it breaks above this level then this chart will get invalidated.
I hope this update will be helpful to you.
Keep accumulating and trade safely.
#USDT.DOMINANCE 1DAY UPDATE BY CRYPTO SANDERS !Hello, welcome to this USDT.DOMINANCE 1DAY chart update by CRYPTO SANDERS!
I have tried to bring the best possible outcome to this chart.
Show some support, hit the like button, and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-USDT dominance is currently near resistance. If USDT dominance dumps from here then the next support level for USDT dominance is 5.5% to 5.8%. The end market is moving fast, if it bounces from its resistance level, then how high can it go up?
Hit the like button if you like it and share your charts in the comments section.
thank you.
USDT DOMINANCE: THE ADRENELINE RUSH.Hello traders, I hope your days are going well. Here's a weekly update on USDT Dominance.
If you really want to know the next coming move then do read the content.
The USDT.D has again landed in such a scenario where you get the adrenaline rush to know what will happen next. Look at the chart, and you will understand what I am talking about. This is a precise straight-end scenario to decide whether we are actually entering the bull run or will continue with the bear market.
Now, this is not the first time for USDT.D to land in this situation. If we backtest then you'll notice that after a strong rejection on June 2022, the USDT dominance was taking a bearish turn but the 21 MA kept its hold pretty strong, and till today it does a pretty good job.
Coming back to the current scenario, the picture is pretty clear.
1. Either a bounce back possibly the last bounce towards 9.5% before the bull run begins, followed by rejection. This means more correction in BTC and other altcoins.
2. A breakdown and weekly close below the 21 MA confirming a strong rejection will possibly be a strong sign of a bull run. Meaning, BTC and other altcoins will rally.
Conclusion: I don't mind if the USDT dominance bounces back from the current support level. I will happily consider this as an accumulating opportunity. And if it breaks down, I will be satisfied to know that the possibility of good days is near. In both scenarios, we are in a win-win situation only if we don't get stuck in a bad trade.
That's all I have to say regarding the USDT dominance. I hope that this update will be helpful to you to make better decisions.
Thank you so much for all your support and love towards my tiny bit of contribution. It means a lot. God bless you all.
USDT DOMINANCE: KISS OF DEATH???Hello folks, welcome to this USDT dominance update in 12 hours timeframe.
A decent -8% drop in the USDT.D, and we saw how it broke below the rising wedge pattern. Technically, whenever a chart breaks below the rising wedge pattern, it tends to bounce back, attempting to reach/break the trendline. In most cases, this is a bearish formation and that's why it is known as the kiss of death. If this kiss of death is good to be true then we better be ready for the market to make some good rally.
As I said in my previous updates, the USDT dominance is already at its peak and soon we will see the downfall. This could be it or maybe another leg up, it is hard to tell but one thing is clear eventually, it will fall.
For now, let us see if this is actually a downfall for the dominance or a fake down to clear some weak hands.
More updates coming soon until then trade safely.
USDT DOMINANCE: A TOUGH CALL.Hello traders, I hope your weekend went well. Here's a quick update on USDT dominance in 8 hours timeframe.
The USDT.D is right at the edge of a big fall or a big bounce. For a pretty long time, the USDT.D has been maintaining the rising wedge pattern and now the entire market is anxiously waiting for a drop-down. When will it happen is just an assumption but one thing is clear the USDT.D has reached its peak and soon we will see the collapse.
In a higher timeframe, the USDT.D is yet to reach the 9.4% resistance level. This may sound crazy but the USDT dominance still can rally higher for the last time making a double-top pattern. This will allow the traders to panic and get away from the market which will eventually make room for the big-bag buyers to jump in.
So, as per the present scenario, if the USDT.D bounce back then we can expect it to reach the 8.4% resistance level. On the other hand, a breakdown below the support line will possibly take a step ahead to form a bearish pattern in the dominance.
USDT DOMINANCE: WISHFUL THINKING.How I wish to see the USDT dominance getting rejected below the rising wedge pattern. But will it actually happen anytime soon? I am not sure when it will happen. Maybe we can witness another rally toward the 8.5% resistance level or a rally toward the yellow dotted line and then rejection towards the lower support. The market can take a sudden turn in any direction in this kind of scenario.
Irrespective of what the market shows in the lower timeframe, the higher timeframe is clear enough to project a rejection in the USDT dominance. We are not far away to witness something massive in the market. So, keep hustling, and don't give up.
I hope this update is helpful to you.
Trade safely.
USDT DOMINANCE: ANOTHER DILEMMA. Hello traders, the USDT dominance is once again in a junction of a difficult decision. This is not the first time we are facing this issue.
Timeframe: 12 hours.
Preview: We expected a drop in the USDT dominance but the chart got invalidated.
Update: In this 12 hours timeframe, the USDT.D is perfectly following the trendline and we can see a decent drop right after the pump yesterday. This drop once again is right at the 21 MA support level. If you remember, I mentioned a few weeks ago that rejection is long pending for dominance which is true but the main question is 'WHEN'?
When are we going to see a big dump in the dominance and a rally for the rest of the market? This is something that is quite confusing to tell in this scenario. For now, all I can see is either a rally toward the 8.2% resistance or rejection toward the 7.2% support.
Better be prepared for any situation at this moment. 7 and half hours still to go for this 12 hours candle to close.
I hope this update will be helpful. Trade safely.
USDT DOMINANCE: WHERE IT IS HEADIND?Hello guys, here's a quick update on USDT dominance in 3 hours time frame.
Preview: In our previous update, we discussed the 7.58% resistance level but saw that it got invalidated.
Update: The recent move in the USDT.D is a mixed feeling between a rally and a rejection. A rally because it is still holding 21 MA and a resistance test towards the 7.9% is pending in this 3-hour TF. A rejection because the RSI is already negative and in 4 hours TF, it is already at the resistance.
In this kind of situation, it is always wise to stay away from this market and wait for confirmation.
USDT DOMINNACE: CHANCES OF REJECTION.Hello traders, here's a quick update on the USDT dominance for you all.
Time frame: 3 hours.
Preview: In my previous update, I mentioned regarding the bounce back and how the 7.3% holds strong support. Things played out well so far.
Update: We saw how the market got dumped and the USDT.D rallied. Currently, we can see a slight resistance at the 7.58% range which could be the rejection point for USDT.D. To rally higher, the USDT.D must break out above the resistance level. A rejection on the other hand will pull back the price to 7.43% to 7.3%.
That's it for now. I hope this update will be helpful to you.
Trade safely.
BITCOIN AND USDT DOMINNACE: SIDE-BY-SIDE COMPARISONHello traders, I hope you all are doing well. Today, I have an interesting update for you all. A side-by-side comparison of BTC and USDT.D.
I hope this idea will be helpful.
Time frame: 3 hours.
Update: As you can see in this chart, the USDT.D and BTC work like a parallel universe where things are totally opposite to each other. This is because BTC is in the USDT pair and the moment the sellers (in the majority) sell BTC, the USDT dominance increases. In the same way, when buyers (in the majority) purchase BTC in exchange for USDT, the dominance drops, and BTC increases.
Now, the current scenario shows a bearish move on BTC and a bullish move on USDT.D. If this pattern plays off accordingly, we can expect BTC to drop down close to $19k and the dominance to rally up to 7.9%. On the other hand, if BTC needs to be bullish again, it must break above the $20.4k resistance level. For the USDT dominance, 7.3% holds strong support.
I am not saying that we should rely only on these two charts for trades, a trader should always analyze other parameters before investing. There are other charts that we can analyze for better confirmation, the BTC dominance, the total2, DXY, USDC dominance, S&P 500, NASDAQ, etc., and of course the fundamentals.
That's it for now, I'll catch you up on my next update. Until then trade safely.
Thank you.
USDT DOMINNACE: PERFECT BOUNCE.USDT Dominance Update:
A perfect bounce as you can see. Damn! I did not see this trendline coming. The USDT.D is rallying up and we can see the opposite reaction on BTC and other altcoins. If this bounce is so good to be true then we may see some more dumps in the market.
I hope you guys followed my BTC update and acted accordingly. Congratulations to those who shorted the market and those who are in loss, if the loss isn't heavy just get out but if it is huge then bear with it.
That's it from my end. Trade safely.
USDT.D CONTINUATION BAD FOR CRYPTOUSDT.DOMINANCE CHART
Weekly and Daily timeframe Symmetrical Triangle in play with target as shown just past the Range High at 10%.
Not good for crypto because going above the blue line 0.382 labelled above market = Chaos.
RSI printing Bullish Divergence.
I also believe we are in the 5th Impulsive Elliot Wave with blow off top, followed by an ABC Corrective Waves.
It is just an idea but if it plays out very bearish for CRYPTO.
USDT DOMINANCE: BREAKDOWN OR FAKE DOWN?Hello traders, here's a quick update on USDT Dominance in a lower timeframe.
Timeframe: 3 hours.
Preview: In our previous update, we discussed about the dominance possibly reaching the resistance level but instead, it got rejected halfway.
Update: Recently, the USDT.D have broken down below the lower support level. If this is the actual breakdown then we can expect the USDT.D to drop up to the 7% level. But if it is a fake down then the USDT.D will probably push back inside and will rally towards the resistance once again.
Conclusion: All I am saying is the market looks tricky here cause the candles and the RSI are telling different things. Also, BTC and other altcoins are hitting the resistance but the dominance is breaking down below the support. If BTC and other major altcoins surpass the resistance level then we may take it in a bullish term but as I said, coins reaching a resistance level with RSI close to the overbought zone have a higher tendency to reject.
I may be wrong or maybe right but this is what it is. Do your research wisely.
Let me know your thought on this in the comments section.
Thank you and trade safely.
#USDT.DOMINANCE 12HOUR 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.
DOMINANCE UPDATE:-USD dominance is forming a symmetrical triangle pattern and the upper train line is in support of the 21ma upside breakout, which could dump BTC and altcoins
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
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.