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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.
CRYPTOCAP:USDT.DShort
by Dexter_The_Trader
5
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.
CRYPTOCAP:USDT.D
by Dexter_The_Trader
2
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.
CRYPTOCAP:USDT.D
by Dexter_The_Trader
2
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.
CRYPTOCAP:USDT.D
by Dexter_The_Trader
1
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.
CRYPTOCAP:USDT.D
by Dexter_The_Trader
2
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.
CRYPTOCAP:USDT.DShort
by Dexter_The_Trader
4
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.
CRYPTOCAP:USDT.D
by Dexter_The_Trader
6
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.
CRYPTOCAP:USDT.DLong
by Dexter_The_Trader
8
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.
CRYPTOCAP:USDT.D
by Dexter_The_Trader
#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.
CRYPTOCAP:USDT.D
by CryptoSanders9563
1
USDT DOMINANCE: A DROP LONG PENDING.Hello guys, welcome to this USDT dominance update. This will be a continuation of the previous update. Preview: In our previous update, we talked about the rejection of dominance. It did get rejected but the same thing happened again, the 21 MA held the distinction to drop any further. Update: In the recent move, it looks like the USDT.D is serging to rally higher. As I said, rejection is long pending and if this bounce is good to be true then the dominance may possibly reach the 8% range and then get rejected. Another possibility could be a rejection from the present price level but only if the dominance shows some weak hands. Impact: If the USDT.D rallies, the market will drop and vice versa. That's it from my end. I hope this update will help you with your trades. Thank you for supporting. God bless and trade safely.
CRYPTOCAP:USDT.D
by Dexter_The_Trader
2
#USDT.DOMINANCE 4Hr UPDATE !!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. USDT.D UPDATE:-USDT.D if reject from 7.53% we can see 6.41% to 6.36% if dominance jumps from 7.53% to 7.70% and 7.81% then we reject to 6.38% 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.
CRYPTOCAP:USDT.D
by CryptoSanders9563
USDT.DOMINANCE 2HOUR UPDATE BY CRYPTUSANDERSHello 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:-USDT.D is moving in a rectangular chart pattern and moving towards its horizontal resistance. If it breaks above horizontal resistance with a candle close above it, then that would indicate an upside move. Another possible scenario is a rejection from horizontal resistance and that would be the indication of a downward move. We must keep in mind that USDT.D works opposite to the crypto market and as there is indecision in the market, so better to play level to level with tight stop losses. 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.
CRYPTOCAP:USDT.D
by CryptoSanders9563
USDT DOMINNACE: ALL I CAN SEE IS A REJECTION!Hello guys, here's a quick update on USDT Dominance in 6 hours timeframe. This is going to be an interesting one. Preview: In our previous update (link in the description), we saw how the dominance broke down below the support level but then again quickly push back in. Update: This pullback was swift enough to reach close to the upper resistance trendline. From this level, all I can see is a rejection, and this time, I believe it will be a strong one. We may have some higher rallies in the dominance and the market may turn red again but it won't be for long as the Rektember is getting over and the Accutober is coming in, I guess the bulls will turn the table soon. RSI: The RSI shows some weak hands on the USDT.D as it is forming a bearish divergence pattern. Key points: 1. 7.88% to 8% resistance level. 2. We are at the end of the 3rd quarter. 3. The beginning of the 4th quarter is at the doorstep. 4. BTC at the $18k support level. That's it from my end. If you have something to add then feel free to write it in the comment section. Thank you for all your support and love. We are reaching 1k members soon on Tradingview. God bless and trade safely.
CRYPTOCAP:USDT.DShort
by Dexter_The_Trader
USDT DOMINANCE: BREAKING DOWN.Hello and welcome to this USDT Dominance update, guys. This is an important update, so read it till the end. Preview: In our previous update, we discussed how the yellow dotted line holds good support for the dominance and now finally it is breaking down. Update: This breakdown is good for the market but we need to keep in mind that, it won't be easy for the USDT.D to drop down towards the lower support level. For now, this big red candle helped the market to push a bit forward. If this breakdown is so good to be true then the market will be good for the bulls. If you follow me on various platforms then you must know that we have made good profits in our recent trades. Congratulations to all who took the trades. I will post more ideas later. If you have any thoughts and ideas or want me to share altcoin charts then do share them in the comment section. God bless.
CRYPTOCAP:USDT.DShort
by Dexter_The_Trader
2
USDT DOMINANCE: BOUNCE BACK.Hello every one, here's an update on USDT Dominance in the same 2 hours timeframe. Preview: Previously, we discussed dominance making a double top, and having a higher chance to get rejected. Well, the USDT.D did get rejected making a double top. It got rejected close to -7% and currently bouncing back right from the yellow dotted support line. Update: This support is the exact support level from where the dominance has bounced not only once or twice but thrice and this is the fourth time that the dominance is bouncing back. If this bounce is good to be true then I am expecting a triple top soon if not then the USDT.D have to break down below the support line to be bearish again. What are your thoughts on this? Do share your ideas in the comments. Thank you for your support. It means a lot. God bless and trade safely.
CRYPTOCAP:USDT.D
by Dexter_The_Trader
USDT DOMINNACE: WHAT IF???Hello and welcome to this USDT Dominance update in 3 hours timeframe. This is a follow-up to our previous dominance update. Update: In our previous update, we saw how the dominance got rejected by the resistance. After zooming in, we can see a nice rising wedge pattern in the USDT.D which technically needs to get rejected. The only thing that is holding the rejection is the 21 MA which is quite strong. Talking about the 'What If?' situation, we have two scenarios- Scenario 1: What if the USDT.D don't reject and bounce back higher? If this scenario takes place then we may see a double top and then a rejection. Scenario 2: What if the USDT.D gets rejected all the way to 6.6%? This means we will see some good green rallies in the market. Well, the upcoming few hours will decide the direction of the market. Also, we have the FOMC meeting today at 8:30 AM UTC so let's be extra attentive. I'll see you guys in our next update until then trade safely.
CRYPTOCAP:USDT.D
by Dexter_The_Trader
4