USDT DOMINANCE: REACHING BACK TO 7.26% RESISTANCE.Quick update on the USDT dominance in 6 hours timeframe.
We can see that the USDT.D is trying to break and close above the 7% resistance zone and further moving toward 7.26% resistance. The further rally on USDT.D could possibly drop BTC up to $21.9k and the altcoins by 8% to 10%.
Usdtd
📈 Tether Dominance Bounce vs Bitcoins Correction AnalysisTether Dominance produced a bounce and this isn't surprising as this is within normal price action.
Last time USDT.D found resistance at EMA50.
Yesterday, the peak was hit at exactly this same level.
This resistance is there but likely to be taken out.
If EMA50 is confirmed as resistance a second time the below analysis isn't necessary.
After EMA50 or 7.04% Tether Dominance faces another challenge in the form of EMA100 (7.31%) and MA200 (7.46%), these resistance level are likely to hold.
The candles can pierce a bit above these levels before dropping or it can drop before reaching said levels but these are very likely to be confirmed as resistance on the first try as it happened with EMA50.
MA200, the black line on the chart, is a long-term indicator and thus this resistance needs to be confirmed.
Since it is the first time that USDT.D moves below this level since April 2021, it is important to retest it before continuing lower.
Once a level is turned, in this case from support to resistance, it needs to be tested as resistance to see if it holds.
If it holds, the USDT.D long-term downtrend is confirmed and the index is set to move much lower.
If it doesn't hold, the downtrend is likely to be over and USDT.D can resume growing.
Our belief based on reading multiple charts all across is that this level will be confirmed as resistance.
It can happen sooner than expected but the timing is for the market to decide.
Bitcoin moved from $15,500 to $25,250, which makes it normal if any type of correction, short or strong shows up.
But after the correction continues the growth.
Bitcoin is ultra-bullish above $22,222.
Bitcoin remains extremely-bullish above $20,000.
Breaking below $20,000 would be a very bad signal but the bullish potential would remain intact above the late November 2022 low.
As long as Bitcoin continues trading above its November 2022 low, the bullish potential for higher highs and higher lows long-term remains active.
Namaste.
USDT.DOMINANCE 1DAY UPDAYE BY CRYPTO SANDERS !!Hello, welcome to this USDT. dominance update by CRYPTO SANDERS.
CHART ANALYSIS:-USDT.D is bouncing from the horizontal support. If it breakout the current resistance level, a further bounce is expected toward the horizontal resistance.
The general pattern is bearish as it is exchanging beneath the Ichimoku cloud. We've to wait for a solid breakdown of the horizontal support, which would confirm another bullish move, as USDT.D works inversely proportional to the crypto market.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
USDT DOMINANCE: BOUNCING BACK.Hello traders, I hope you all are doing absolutely well. Here's a quick update on USDT dominance in 6 hours and some tips on scalping.
The USDT dominance has formed a new support (Yellow dotted line) at 6.44% to 6.5%. We can see how perfectly the dominance bounced back from this support level, aiming to reach Resistance 1 at 6.9% to 7%. This move on USDT.D will let BTC and other altcoins bleed more. If you have read my BTC and ETH updates, you will get a clear picture (Link in the description). A drop, on the other hand, will give a little room for BTC and other altcoins to breathe.
Few points to remember if you wish to scalp either short or long.
1. Look for the volatility in the market because scalping works perfectly when the market is volatile.
2. Always use proper SL. Before setting up your targets, you must set your stop losses.
3. Never get emotional with your trades.
4. No matter how much is your portfolio, $100, $1000, or $10,000, book every profit possible depending on your position size.
5. Look into the minutes' chart for scalping and do not stick to one pattern forever.
Note: Scalping involves high risk and returns, so please DYOR before investing.
I hope this tip will be helpful for you. Thank you for reading.
Trade safely.
📈 Tether Dominance Points LowerUSDT.D bounced from 2-Feb. to 14-Feb. finding resistance at EMA50 and producing a lower high.
EMA50 has been confirmed as resistance and this lower high will now lead to a lower low.
USDT.D is set to drop based on this MA analysis.
Also, the RSI is below 50 which is bearish.
The MACD below zero while printing a bearish cross.
These additional signals support a lower low.
As USDT.D goes down, Bitcoin and in this case the Altcoins mainly will go up.
Remember that just as the big Altcoins take turns with the smaller Altcoins, Bitcoin takes turn with the market as a whole.
Namaste.
USDT DOMINANCE: BE CAREFUL.Hey guys, a quick update on the USDT dominance.
We are a few hours away from the weekly close and we can literally see where the market is possibly heading. With the USDT.D bouncing back from the support line and BTC at the resistance, I would highly suggest staying away from leverage trading for now and wait for the market to cool off. If the bounce back is so good to be true then we can expect the USDT.D to reach close to 7.2% resistance. If not then 6.4% is good support for the dominance.
I will surely post some trade setups (short/long) if the market condition is good. For now, just relax and enjoy the weekly closing. It's the weekend, so have some quality time with your family and friends.
Let me know if you are stuck in any trade or have queries related to the market. I won't guarantee the solution but yes, I will surely help with my best knowledge.
Thank you ready and God bless.
USDT DOMINANCE: CLOSE TO THE SUPPORT LEVEL.USDT Dominance update:
The USDT.D got rejected from the resistance level of 7.25%. This rejection helped BTC and other altcoins to make a bullish rally in the market. We may possibly see some more rallies in the market but it is always wise to book profits, wait for the correction, and most importantly do not FOMO.
According to this 6 hours chart, a bounce back on USDT dominance is likely possible and we may see rejection in BTC and other altcoins. The only invalidation point for the dominance will be a breakdown below 6.33%.
I hope this idea will be helpful for you. Please support my community with your likes, comments, and share options.
Thank you for reading. Trade safely.
USDT.DOMINANCE 1HOUR UPDATE !!Hello and welcome to this USDT.DOMINANCE chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:- Looking at the dominance of USDT it looks like a 6.66% to 100ma scheme which could fall to 6.41% if 100ma dominance is broken and closes above this chart it will be invalid.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
📈 Tether Dominance Resistance EverywhereWe are seeing a small bounce taking place on the Tether Dominance chart matching the current red candle in Bitcoin's and Ethereum charts... As well as everything else since the entire market is connected and does the same.
Tether Dominance already found the first resistance at EMA10, this is the easy short-term one.
Notice the bearish cross between EMA50 and EMA100. A bearish cross always leads to a bounce short-term but fully develops mid-term.
A bounce that ends up in a lower high to produce a lower low. This is strongly bullish for the entire cryptocurrency market.
We saw this same signal to support a bounce on the Tesla (TSLA) chart.
After EMA10 we have the 0.618 Fib. retracement (strong resistance).
Followed by MA200, long-term support turned (strong resistance).
Then the bearish cross is another strong resistance level.
Finally, the 0.382 is a major strong resistance.
Tether Dominance is set to continue lower, regardless for how long or how high goes the bullish break.
It is normal to see corrections and retraces, it is also normal to see a continuation of a newly stablished trend.
Namaste.
USDT DOMINANCE: HOVERING CLOSE TO THE SUPPORT LEVEL.Hello traders. Here's an essential update on USDT dominance in a daily timeframe.
The USDT dominance has been currently holding 6.5% support. With the candle neither going up nor down, it has given good gains to BTC and other altcoins. I can say that it is a good opportunity to make some profits but at the same time, we need to be careful as well. Until and unless the USDT.D is above the support 1 level, a chance of bounce back is possible. The RSI is a clear indication of a bounce back. If the dominance breaks down below the support 1 level then we can expect it to reach the support 2 levels at 5.8%.
IMHO, a major correction is waiting in the market. Let's see how this week will treat the market.
Thank you for reading. Trade safely.
📈 Tether Dominance Trading Below MA200 Favors The BearsThis is a long-term chart for USDT.D (Tether Dominance)... Notice the black line, MA200.
Back in late December 2021, Tether Dominance moved above MA200, this signaled the beginning of a long upwards trend.
This also confirms MA200 as a long-term indicator.
Recently, 13-January-2023, Tether Dominance moved decidedly below MA200, signaling a long-term potential going lower.
As USDT.D goes lower, Bitcoin/Cryptocurrency goes higher.
If it goes lower long-term, crypto goes higher long-term.
Thank you for reading.
Namaste.
USDT Dominance Breakout ascending trend line. USDT.DHello my friends, Consider USDT market cap to help identify market movement, Everything is marked on the chart. The ascending trend has been broken and for now I expect a retest as pullback to 7.8% then it drops to 5.5%.
Good luck.
If its useful please like it as a support and follow me for next analysis :)
📈 Tether Dominance Goes Below SupportWhile a bounce was expected at the 0.618 Fib. retracement for USDT.D, it didn't take place.
After the close below this level 14-Jan., confirmation has been received with two additional candles/sessions staying below.
The RSI has gone super weak... 17, extreme oversold.
It is tricky here... As you can see from late October/November 2022, going below a support level can quickly result in a bounce.
Something similar can happen here where we see prices going up just to come crashing back down.
What's important to know for us is that any recovery should be temporary and then a lower low.
It can go straight down as well...
Namaste.
📈 Tether Dominance Weekly | July 2022 RepeatThe weekly candle is full bearish for USDT.D and we have some interesting data to analyze.
Tether Dominance is staying right above support in the form of a 0.618 Fib. retracement level.
The weekly candle closes in about 30 hours.
Looking back at July 2022, this exact same level was tested. As USDT.D broke below it, what followed were four red weekly candles (28 days) that ended up testing the 1 Fib. retracement.
We have the same scenario now.
The weekly session is about to close right above support, this happened last time but only to be followed by strong bearish action.
The RSI is in scuba diving mode and we have a volume breakout on the bearish side.
A bounce can happen at support, this is normal... But the signals are pointing lower, clear and strong.
The next targets are 6.45% and 5.65% which would mean a Bitcoin price of $23,000 to $25,000.
Namaste.
USDT DOMINANCE: BROKEN DOWN BELOW THE SUPPORT LINE.Hello traders, The USDT Dominance has finally broken down below the support line in the weekly timeframe. This has been a long-awaited breakdown and finally, it's happening. Still, it needs another confirmation and that is a breakdown and close below the 21 MA. If this happens to be true then we can expect the USDT.D close to 5% which is going to be a huge deal for BTC and other altcoins. Another possibility is the 'kiss of death' move toward 8.32% and then the final drop.
This is my analysis for now. Let's see how it will play out.
Thank you for reading. See you in the next update.
Trade safely.
📈 Tether Dominance, The Final ConfirmationIncredibly enough, some people still have doubt that Bitcoin and the Altcoins will continue to grow.
Here is the final confirmation in the form of a strongly bearish USDT.D chart.
Remember that one mentioning this thing is about "to speed'...
Well, this "thing" has more down to go before it finds support.
At least one more strong red candle, then a small bounce before more lows.
Namaste.
USDT DOMINANCE: ASCENDING TRIANGLE.Hello guys, here's a quick update on the USDT dominance in 2 days timeframe.
The USDT dominance is under an ascending triangle pattern and traditionally this pattern is a bullish pattern. However, breaking out above the resistance trendline isn't something that we wanna see in the dominance. The USDT.D has so far managed to hold both support and resistance levels. With the recent price level close to the support line, things look pretty skeptical. If the dominance bounces back from this support line then we may possibly see a major dump in the market. Rejection below the support line or 7.84% will be a good thing for the market.
Trade safely.
📈 Tether Dominance Chart Updated | USDT.D 7.08% = BTC $20.5KNow that we have a clear picture, now that the bearish bias is basically confirmed... Let's update the chart.
Tether Dominance will drop and we have targets at 0.5 Fib. retracement coinciding with MA200, a sure stop, followed by 0.618 Fib. retracement golden ratio coinciding with value area.
Now, how much would bitcoin grow if USDT.D falls to these levels?
Bitcoin is sitting right now at $16,950 and a drop by USDT.D to the first target of 7.53% would put bitcoin in the $18Ks.
The next target, the Fib. retracement golden ratio, sitting at 7.08% of Tether Dominance, would put bitcoin above $20K....
And that is only the beginning, we are looking at a long-term bearish wave for USDT.D based on the long-term lower high.
Which means that bitcoin can do much more... But we go step by step, this is only how things start.
Namaste.
📈 Tether Dominance Speed...The drop here is about to speed up, the one we mentioned in the last update/trade idea, and additional confirmation is coming in.
12H, USDT.D printed a strong rejection while trying to move back above EMA10 and EMA21
This rejection pushed the index down to below EMA50 as well and the RSI is turning weak.
A sudden drop is about to take place... We don't know if it happens within hours or several days.
As soon as it happens though we can see the inverse reaction for bitcoin, the altcoins, to take place.
A nice jump, everything will move up 1 full level... The relief that we've been waiting for.
Thanks a lot for your continued support.
Feel free to Boost 🚀👍 if you like!
Namaste.