USDT.DOMINANCE 6Hr 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 dominance analysis
In current scenario USDT DOMINANCE hitting the resistance level and here it needs to reject from here print down fall.
As majority coins are already down by 15% - 20% gain above will lead more red candles at ALT COINS.
Rejection will bring relief to alt coins or break above will lead USDT DOMINANCE towards the upper trend line resistance at 6.7% level which will be unsatisfactory for alt coins
This is not a piece of financial advice. All investments made by me are at my own risk and I am held responsible for my profits and losses. So, do your own research before investing in this trade.
Thank you for your time, we hope that our work is good for you, and you are satisfied, we wish you a good day and big profits.
Thanks.
Usdtd
#USDT.DOMINANCE 4HOUR UPDATE !!USDT dominance analysis
As USDT DOMINANCE is trading inside the falling channel pattern on a lower trend line and crucial support zone , here it needs to break below to bring a consecutive green candle in ALT coins.
If we consider MACD is moving upwards and it’s about to print a bullish cross which is an indication for a green candle in STABLE DOMINANCE towards the upper trend resistance.
Bounce from the current level will lead dominance towards its upper trend line resistance.
Break below from current will be great for altcoins to print green candles.
This is not a piece of financial advice. All investments made by me are at my own risk and I am held responsible for my profits and losses. So, do your own research before investing in this trade.
Thank you for your time, we hope that our work is good for you, and you are satisfied, we wish you a good day and big profits.
Thanks.
Drops Below EMA100 | Bearish ConfirmedThere is nothing bearish for cryptocurrency in us seeing the Tether Dominance Index go bearish.
This is bullish for the entire cryptocurrency market.
The close below EMA100 is the main red signal we look at today.
Seeing a red candle below this level, blue line on the chart, is the bearish confirmation.
Today is just continuation.
Do not expect any pullbacks this thing is about to speed up.
See you above $26,000 Bitcoin.
See you at $2500 Ethereum...
Let's see how all the Altcoins also grow.
Namaste.
USDT DOMINANCE: A BOUNCE BACK INCOMINGHello traders, here's a quick update on USDT Dominance.
Timeframe: 4 hours.
Update: In my previous update, we discussed how the USDT.D formed a bullish falling wedge pattern but failed to break above the resistance trendline. This clearly showed a rejection and the market pumped.
Current Scenario: Right now the USDT.D is bouncing back precisely from the support level drawn in the chart. If I am not wrong then we can expect the dominance to rally further high towards the 7% resistance level.
Conclusion: I expect a correction in the market which means shorting the market is likely in favor. The USDT.D breaking down below the 5.9% support level will invalidate this chart.
I hope this update is helpful to all. Keep supporting with your likes, comments, and follow.
Thank you.
Bitcoin To $35K, Ethereum To $3K, Ethereum Classic To $140, etc.The week is not early but it still has to close.
We have a shooting star candle line, a strong bearish signal, can lead to a price drop.
With the inverse correlation with Crypto and this one (Tether Dominance Index) chart, we have confirmation of many bullish charts.
Namaste.
USDT DOMINNACE: A BULLISH FALLING WEDGEHello traders, welcome to this USDT Dominance.
Timeframe: 4 hours.
Update: In my previous update, I mentioned the USDT.D entering the 5.7% support line, well, it didn't happen. Rather the dominance bounced back from 6.21% making a new support level. The chart is under a bullish falling wedge pattern and if it successfully breaks and closes above the resistance level, we may see the dominance reaching some higher levels. The only thing that could hold the dominance is the resistance trendline from where the dominance got rejected twice in the past.
Conclusion: With the market turning bearish, upcoming FED news, and the dominance bouncing, things look skeptical. In this present situation, it's better to stay aside and let the market comes to a conclusion. If at all you wanna trade then do some scalping cause the market is most likely to get volatile.
I will update more on it until then trade safely.
Support me with your likes and comments and do follow for more interesting ideas.
Reject50Shooting.DStarUSDT-BearMAThe purple highlighted candlestick line is a shooting star.
We have a rejection here at EMA50.
The next bearish candle works as confirmation.
Closing below EMA10 gives double confirmation.
And the bear flag works as continuation.
I will show you the weekly chart later on...
You will see that it will close below EMA10 for the first time and when that happens, finally, Bitcoin will do its $4,000 to $6,000 price jump.
Hello!
Weekly USDT.D Says All Cryptos Go Full GREEN!This is the chart that I mentioned in a previous trade idea on this index... This is what gives it all away.
Tether Dominance Index (USDT.D) is closing weekly below EMA10 for the first time since March.
This is a strong bearish development after 4 weeks of red/moving lower/distribution...
So not just Bitcoin, EVERYTHING CRYPTO WILL GROW SUPER STRONG!
We will have a full green August, based on these charts.
Namaste.
#USDT.DOMINANCE UPDATE 4HOUR!!USDT dominance analysis
USDT Dominance Resistance Label Red Zone & Breaks USDT Dominance Breaks trend line Downside Then USDT Dominance Will dump and downside 4.88 and 5.84% and Altcoins pump and Pump BTC.
This is not a piece of financial advice. All investments made by me are at my own risk and I am held responsible for my profits and losses. So, do your own research before investing in this trade.
Thank you for your time, we hope that our work is good for you, and you are satisfied, we wish you a good day and big profits.
Thanks.
USDT.DOMINANCE 4HOUR UPDATE !!USDT DOMINANCE ANALYSIS
USDT dominance support label red zone and brake USDT dominance breaks 21 MA downside then USDT dominance could see 5.84% plus 4.88 altcoins will pump and BTC will pump
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.
USDT DOMINANCE: ENTERING THE SUPPORT ZONE.What's up traders?
Here's a quick update on the USDT Dominance.
Timeframe: 4 hours.
Update: The USDT Dominance broke down below the 7.3% support level in the daily timeframe. This breakdown gave relief to BTC and the other altcoins. Currently, in a lower timeframe, the USDT.D is entering the support line of 5.7%. If that happens then it will be close to a -7% drop which means BTC and other altcoins will have more room to grow.
RSI: We need to keep an eye on the RSI level. The dominance is clearly dropping but the RSI recent low is higher than the previous low (a bullish divergence formation). Looks like the green in the market won't last for long (just an assumption).
Conclusion: Comparing BTC and the USDT.D, we can expect a higher rally in BTC in a short term but don't consider this to be a bull run. We are far away from it. Consider this as a short-term gain to balance the market.
Let me know your opinion on this and correct me if I am wrong. Would love to know your ideas.
Thank you.
Tether Dominance Looses Major Support, Bitcoin To The Moon!USDT.D Gapped down today and after some strugle with EMA100 (blue line on the chart), the bears came out on top...
This is good news as Tether Dominance drops Bitcoin grows.
We are open to see a $4,000 USD day on Bitcoin maybe this same week.
Looking at the bearishness of the USDT.D chart, gives confirmation.
The next support that will be challenged will be 5.60% follwod by 5.26/5.05%.
With such a huge drop not only Bitcoin will grow but the entire cryptocurrency market is about to enter an impulsive bullish phase.
Namaste.
USDT DOMINANCE: BROKE DOWN THE SUPPORT LINE.Hello traders, welcome to the USDT Dominance update. This update will be the continuation of the previous one.
Timeframe: 1 day.
Update: The USDT.D broke down below the support level in the daily timeframe. This time, it didn't follow the past movements. So, is it good for BTC and other altcoins? Yes, it is but at the same time we need to be careful cause any negative news and the dominance will jump straight inside the trendline again making a fakedown move. We can see that BTC and other altcoins are showing some positive moves which is good and until and unless the USDT.D is below the trendline, the market will remain bullish in a short term.
I will post more updates on this until then trade safely.
Thank you.
Tether Dominance Strong Bearish Signals Bitcoin Soaring!Now we are back to the candlesticks and we have strong bearish signals on this chart.
This is the daily timeframe/peridiocity for USDT.D.
We have a lower high 13-July compared to 18-June.
Prices trading below EMA10 and EMA21.
As EMA50 works as support, this level is being weakened the more it is challenged.
(USDT.D daily now trades below EMA50)
The RSI has gone below 50 (bearish) while USDT.D values are high.
Today's candle is already displaying an upper wick, signaling bearish pressure.
It looks as if a strong drop can happen within days...
This would be equivalent to Bitcoin going through the roof.
On the 4H timeframe, we can see bearish momentum building up.
A strong rejection at MA200...
As USDT.D drops, Bitcoin grows.
Namaste.
Tether Dominance RENKOThese are short-term signals.
In a few days we will look at Tether Dominance (USDT.D) with RENKO on higher timeframes and go into details about the signals.
USDT.D trading below EMA10/21.
Multiple red bricks already in place.
Bearish RSI.
Here the bearish target (support) is set at 5.38% but if you look back to November 2021, we can see that this level can be broken easily on corrections.
And so we are open to seeing it go lower.
Namaste.
USDT DOMINANCE: HIGH ALERT IN DAILY TIMEFRAME!!!Hello traders, today I am here with a very important update on USDT Dominance. In this chart, I am gonna share some important levels and the possible outcome of the market in the coming days.
Timeframe: Daily.
Update: The USDT.D lately showed some bounce which led the market to drop down around -6%. The area from where the USDT.D bounced back is a crucial support line for the USDT.D.
History:
5th of May 2022: The USDT.D rallied 58%, a rally from 4.56% to 7.27%. This rally dropped BTC price by -30% (from $39864 to $25338). This rally lasted for 7 days.
8th of June 2022: USDT.D rallied 63% (5.78%-9.49%), and BTC went down to -43% from $31306-$17567 in 10 days.
10th of July 2022: The USDT.D bounced back from the support line but no significant rally to date.
Two Possible Scenarios:
Bullish Scenario: Historically, the USDT.D shows a possible rally towards the 11% level (60% jump). If this happens then BTC will possibly drop 36%-40% which means a $14k level where we have strong support for BTC.
Bearish Scenario: Historically the USDT.D might sound bullish but if we follow the patterns then the USDT.D is forming a hidden bearish divergence where the price increases but the RSI keep decreasing. The 21 MA is acting as strong resistance for the USDT.D. If at all we see a rejection then we can expect BTC to rally close to $30k.
Key levels:
21 MA resistance at 7.5%.
The support level at 7.15%
Conclusion: The chart is simple and clear, if the dominance breaks above the 21 MA, we can short the market and if it gets rejected then we can go long.
I hope this update will be helpful for you. The daily candle close is going to be a crucial one for the market. So keep your eyes wide open and trade safely.
Let me know in the comments what you think about the USDT Dominance.
Do show your support through likes and comments.
Thank you.
#USDTDOMINANCE 2HOUR UPDATE !!USDT DOMINANCE ANALYSIS
As we can see from the above-mentioned chart that USDT DOMINANCE again repeats the previous pa.
As USDT DOMINANCE currently trading below the resistance level and printing a rejection.
If we consider the previous PA then USDT DOMINANCE might move downside till the lower green support area.
The candle closing below will be the invalidation point of this chart analysis.
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.
People Are Starting To Lose Patience...Next to getting rid of your losers and riding for as long as possible the winners, patience is one of the most imporatnt virtues you can have when it comes to cryptocurrency trading.
Patience is truly the key to win.
When USDT.D was oversold on the RSI, it went up.
As USDT.D gets to overbought, it is very likely to drop.
The immediate resistance on this index is set at 7.51% followed by 7.85%.
The 7.51% is the main one for us and we are bearish here.
If this level fails there is still more resistance overhead.
USDT.D and BTCUSD have an inverse correlation and that is why we track this index everyday.
It can be used for confirmation.
If you see a bullish BTC, you can confirm your bias if you also see a bearish USDT.D.
A bullish SPX supports any bullish signals found on BTCUSD, etc.
There are many different altcoins, indexes, pairs, charts that can be used in this manner, for comparison purposes.
Thanks a lot for the continued support.
Namaste.
USDT DOMINANCE: DESCENDING TRIANGLE.Hello folks, here's an important update on the USDT dominance in the lower timeframe.
Timeframe: 4 hours.
Update: The USDT dominance is under a descending triangle pattern. As you all know that a descending triangle pattern is usually a bearish pattern but sometimes the trend can reverse and play in the opposite direction. Currently, the USDT.D is holding a support level of 7% and in the past, it has bounced back exactly from this support level. If at all the USDT.D bounces back then I expect it to test the 7.4% resistance level and then reject. On the other hand, rejection is possible from the current level as well. Once the USDT.D breaks down below the support level then we can get some confirmation for the bearish rally.
Key level:
7% Support
7.4% Resistance.