#USDT.D : BULL RUN IS NOT OVER YET, FIREWORKS IMMINENT!!!Welcome to this extensive analysis on USDT Dominance.
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Explained in the most simplified manner.
I also post margin and futures trade setups.
Now, let’s get to the chart.
If you are not familiar with this index let me tell you this index is inversely proportional to BTC and ALTS in general.
This means when this index shows some green candles you will see the market starts dumping and vice versa.
USDT Dominance is currently moving around the upper resistance at 4.50+ level.
Few points to keep in mind:-
1. We can see a long wick which is a sign of rejection in the current candle making in a strong Doji (Evening star pattern)
2. As per fractals Every time this index hits the 2 years resistance line we have seen 6 to 8 weeks of rejections and consolidation around the resistance followed by 15 to 20 weeks of Bullish rally across the market.
3. Multiple Indicators show signs of bearish momentum in the weekly chart.
4. MACD is a lagging indicator showing potential for a bearish crossover within the next few weeks.
5. Double Top formation with rejection.
6. LTF Shows Retest also signs of reversal(Chart will be posted below this update)
Based on all of these facts a bearish rejection is possible. However, keep in mind it can make a triple top too to finally flush the remaining late longs which will be fueled by the current conflicts between Russia and Ukraine.
So everything is aligning perfectly IMHO,
What do we need?
A confirmation candle below the current weekly candle.
The current candle closes in 7 hours.
So make sure you follow me and keep an eye on my updates.
I do not post a lot but I do only when it's needed.
So let me just make it simple for you.
Unless USDT Dominance breaks and closes above the red resistance area It's highly likely we will see a major rally throughout the market. Both in BTC and ALTCOINS.
Invalidation:- A weekly close above the red zone will invalidate this chart.
MY TRADING PLAN:-
I'll assess BTC.D, USDT.D, TOTALMCAP, TOTAL2, and BTC all together and enter when I finally see the confirmations.
I'll enter the market to trade on leverage and also hold spots for 15 to 20 weeks depending on both technicals and fundamentals.
To be honest, if everything goes as it seems we will see a bullish rally across the market in March April and May followed by the dump in June and July.
I hope this analysis clears your mind and all your doubts about the current trend.
Please do not take this idea as financial advice, this is simply meant for educating you to make better trade decisions.
Let me know what you think of this chart.
Do share your views in the comment section and do not forget to hit the like button.
Thank you
#PEACE
Usdtdomi
USDT DOMININCE 12 HOUR UPDATE Welcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
#USDT DOMINANCE UPDATE:- USDT DOMINANCE is lying on the resistance if 21 ma we are expecting a drop from here up to 2.28 but it does not yet confirm so for confirmation it has to close downside the 21ma let's see how the candle closes.
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USDT DOMININCE 4 HOUR UPDATE Welcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
USDT DOMINANCE confirms this bearish expanding triangle and now it is facing a 4.51% resistance level we're expecting a drop up to the 4.22 % level.
What's your thought on this?
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USDT DOMININCE 1 HOUR UPDATE Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
As we can see in the chart usdt dominance is making this bearish expanding triangle pattern but it is not yet confirmed. for confirmation, it needs to break and close downside this support level. Then we expect a drop of up to 4.25%.
What's your thought on this?
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USDT DOMININCE 6 HOUR UPDATE Welcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
USDT DOMINANCE breaks out this middle resistance of this big ascending channel pattern now we have expected
that it can retest the middle support then bounce up to 5.52%.
let's see how the candle closes.
What's your thought on this?
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USDT DOMININCE 4HOUR UPDATE Welcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
USDT DOMINANCE is rejected from this ascending channel pattern upper resistance level so we expect a drop up to 4.16% support level.
What's your thought on this?
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USDT DOMININCE 1D UPDATE Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
USDT DOMINANCE is having a resistance of 4.43% or if USDT DOMINANCE breaks this resistance then we can make this bearish double top pattern as we make in July 2021 so let's see how the daily candle closes.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section