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Usdtdominance

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
Bitcoin (BTC) - October 23Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT 1D Chart) (USDC 1D Chart) You need to be careful when trading as there is an ongoing outflow of funds through USDC. If the outflow of funds does not stop, the rise of the coin market is bound to be limited. (USDT.D 1D Chart) --------------------------------------- (BTCUSDTPERP 1D Chart) The key is whether the price can sustain above 19216.3 to break out of the downtrend channel. It is necessary to check if there is any movement outside the 0.786 (19076.8) - 19424.9 range due to the volatility between October 22-24. To transition to an uptrend, it needs to rise above the HA-Low indicator and be supported. Therefore, it should rise more than the 19355.6-19607.9 section. A decline below 0.786 (79076.8) is expected to trigger a move towards the downtrend line (1). Below 19424.9, the main position is the 'SHORT' position. (1h chart) If it succeeds in breaking above the 19216.3 ~ 0.382 (19260.9) section, then section 1 is the resistance section. If it fails to rise above 19216.3, you need to touch the downtrend line (1) passing through section 2 and see if it rises. This is because if it falls below the downtrend line (1), there is a possibility that it will fall back to section 3. However, you need to be cautious as it touches the 18895.1-18947.7 zone and is moving upwards above the downtrend line (1). Therefore, in order to take a new position, it is recommended to decide by looking at the movement when attempting to break through the range of 19216.3 ~ 0.382 (19260.9). ------------------------------ - big picture I think you need to be supported in the 13K-15K section to gain the strength to rise. So, whether it rises or falls from its current position, both require a short-term response. A full-fledged uptrend is expected to begin when it rises above 29K. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
Bitcoin price, USDT and BTC dominance, Altseason🔥 All here👇Analyzing the sluggish behavior of the BTCUSDT price, we came across an interesting fractal that has the right to live and work. Also, this fractal fits into the idea of the possible formation of a reversal pattern "Double Bottom" , which we wrote about in more detail in our previous idea: We now have two critical points on the Bitcoin price chart: $18000-18300 and $23400 1. Negative scenario - if sellers manage to confidently fix the BTCUSD price below $18000-18300, then the idea of a possible "Double Bottom" and the development of this fractal lose their meaning. And for the BTC price itself, the way is open for a fall to $14-12-10 thousand. 2. A positive scenario is the growth to the upper critical point of $23400, it will at least slightly refresh the cryptocurrency market, which is simply mired in a swamp and consolidation and is not interesting to new and fresh money. If buyers cannot break through this critical point upwards, then the exhausting consolidation will continue according to the red scenario (more details were written in the previous idea) 3. The most positive scenario is a breakout and consolidation of the BTC price above $23400 and $24700. Then the continued growth of the BTCUSDT price to $34500 by the end of 2022. When the BTC price and possibly some of the stronger Alts show at least 1-2 months of stable growth, this will be a great signal for "fresh" money. That it is time to enter the crypto market, which has come to life. And then the most interesting can begin - this is a strong alt-season from the beginning of 2023 until May 2023. While the BTCUSDT price will go into a "creeping growth" mode without sharp corrections, altcoins will begin to pump by "new" and sometimes "stupid" money. And this is pump, pump, pump, the main thing is guessing and reinvesting into the right altcoins. In the end, let's take a look at the charts of BTC Dominance and USDT Dominance There are two alt-seasons in our cryptocurrency trading memory: the super-powerful 2016-2017 and the DeFi boom of 2020-2021. As you can see, on the BTC.D chart, dominance was falling during the 2017 alt-season, dropping from 90%+ to 35%. In 20-21, the dominance was diluted by more cryptocurrencies, and the fall started from 70% to 40%. The logic is as follows: first, the money goes into a more stable asset BTC or ETH and their dominance grows. After, when crypto market participants see that the market has stabilized, and they can try to earn more %% than on the price movement of BTCUSDT or ETHUSDT, capital begins to flow from BTC to altcoins. Also, the value of USDT.D begins to fall in parallel. The high value of USDT dominance indicates that crypto market participants understand that at the moment it is safer "sit" in stablecoins than to invest in altcoins and sit in a drawdown. As soon as the value of USDT.D starts to fall, it means that BTC and various altcoins are being bought for USDT. If we summarize all our thoughts and assumptions writing above, we get the following possible scenario in the cryptocurrency market: 1. By mid-November 2022, the BTCUSDT price is growing more confidently than the prices of most altcoins. 2. From mid-November to the end of 2023, stronger and more stable altcoins join the growth. 3. From January to May 2023, the real alt season begins, where there will be Xs rise for everyone who wants it) And then "Sell in May and go away" _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
50
#BTC/USDT 4HR UPDATE!!Hello traders, As BTC still managed to trade inside a rising wedge pattern between a range of $18.4k to $20.6k. If we consider the shorter frame BTC just rejected from the upper resistance level which is mentioned in the chart and currently lists moving down again to its lower support zone of $19k, it needs to hold this level and again above otherwise break below will lead BTC again towards the lower support rage of $18.4k level. Let’s see how the price performs in the upcoming hours. Do your own research before any trade and hit the like button if you find this analysis helpful. This is not financial advice. Thank you.
by Domino_Crypto
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 UPDATE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. USDT DOMINANCE UPDATE USDT DOMINANCE is trading under this symmetrical triangle pattern now we need a confirmed breakout or breakdown of this pattern As per the chart Still Waiting for Confirmation Here we have Now Two Scenarios:- Scenario 1:- if dominance breakout Upward any DAILY candle above then We can see a bounce toward the 10.30% resistance. Scenario 2:- If dominance breakdown this symmetrical triangle then we see some good bounce on ALT. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
CRYPTOCAP:USDT.D
by CRYPTOMOJO_TA
2
#ETH UPCOMING POSSIBLE SCENARIO !!Hello traders, As ETH was able to hold the lower trend line support well and it looks promising according to the current scenario. Till now ETH able to climb about a sharp 5% from the lower trend line support after printing bullish divergence, the upcoming possible scenario could be that ETH will gain more than 12% from the current price level towards the upper trend line resistance. Let’s see how the price performs in the upcoming days. So, do your own research before any trade and hit the like button if you find this analysis helpful. This is not financial advice. Thank you.
by Domino_Crypto
2
#BTC/USDT 4HR UPDATE !!Hello traders, Till now BTC is performing well according to my last chart update, in the current scenario, BTC is trading below the upper resistance zone level of $19600 which it needs to break above to gain some % towards the price level of $21k. Rejection from the current level will lead BTC again to melt down towards the lower support zone of $18600. MACD also prints a bullish divergence, a positive signal for BTC to grow above. Let’s hope for the best and see how it goes in the upcoming hours will it be able to break above or not? So, do your own research before any trade and hit the like button if you find this analysis helpful. This is not financial advice. Thank you.
by Domino_Crypto
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 DOMINANCE 3HR UPDATE !!As usdt dominance constantly gained almost 8% from the reversal zone at 7.24% level. In the current scenario, usdt dominance is currently trading inside a rising wedge pattern and a breakdown is expected from the current level after a rejection from the superior resistance of 7.90% level. Break down of a wedge will lead usdt dominance towards the lower support zone for one more time, which will Simultaneously brain a good green movement at falcons. Let's hope for the best. If you are new to my channel hit the like button follow and comment In the comment section if you find this update helpful. So, do your own research before any trade and hit the like button if you find this analysis helpful. This is not a piece of financial advice. Thank you.
CRYPTOCAP:USDT.D
by Domino_Crypto
1
#BTC DAILY UPDATE !!As BTC broke below the rising wedge pattern and is currently it's moving downside towards its possible bottom of $18k which is almost 6% low from the current level. There is a high chance that BTC can move down towards 18k which is not should be the reason for panic, if you are here for the long term then you will understand this, 18k level will be the better accumulation zone for the upcoming months. Let’s see how it goes in the upcoming days, candle close below the lower support zone will be an invalidation of this chart analysis. So, do your own research before any trade and hit the like button if you find this analysis helpful. This is not financial advice. Thank you.
by Domino_Crypto
2
#USDT DOMINANCE is trading inside this channel!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. USDT DOMINANCE UPDATE USDT DOMINANCE is at perfect resistance as you can see. The USDT.D will drop down and we can see the opposite reaction on BTC and other altcoins. In case it breaks the upper resistance then the chart will be invalid. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
CRYPTOCAP:USDT.DShort
by CRYPTOMOJO_TA
4
#ETHUSDT 3HR UPDATE !!Hello, traders welcome you all to another chart update on ETH/USDT If you are reading my update for the first time hit the like button and comment in the comment section if you find this analysis helpful. As ETH was trading inside the bearish pennant for a while, it broke below and currently moving downside. According to the current scenario, it has a support zone at the $1250 level which it needs to hold to regain above again. The candle closes below the lower support zone will invalidate this chart analysis. This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. Do your research before making any trades. Thank you.
by Domino_Crypto
2
USDT.D AT LOCAL RESISTANCEHello, traders welcome you all to another chart update on USDT DOMINANCE. If you are reading my update for the first time hit the like button follow and comments in the comment section if you find this analysis helpful. As we saw how dominance bounced from the lower trend support at 7.27% and rallied almost 5%. In the current frame, usdt dominance is facing a resistance trend line which could be the rejection point, for now, a break above will lead it to rally toward the 7.80% level. MACD printing a bearish crossover which could be the signal of some drop. Let’s see how this chart pays out in the upcoming hours. This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. Do your research before making any trades. Thank you.
CRYPTOCAP:USDT.D
by Domino_Crypto
#USDT DONINANCE is at resistance!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. USDT DOMINANCE UPDATE USDT DOMINANCE is at perfect resistance as you can see. The USDT.D will drop down and we can see the opposite reaction on BTC and other altcoins. In case it breaks the upper resistance then the chart will be invalid. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
CRYPTOCAP:USDT.DShort
by CRYPTOMOJO_TA
3
#BTC AT SUPPORT LEVEL.Hello, traders welcome you all to this BTC quick chart update. If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly. Let’s look into the chart, According to my last higher time frame update BTC is still trading in a support zone, here at the lower time frame BTC is trading on a lower trend line support of the ascending triangle pattern. If BTC holds this level and is able to gain above then we can see a good green rally from the current level. This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. Do your research before making any trades. Thank you.
by Domino_Crypto
1
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
USDT Dominance at decisive point. Here's what to expect Next!!Understanding Dominance:- USDT Dominance is inversely proportional to market movements. If it dumps the market will pump and vice versa. Technical Analysis:- As we speak the dominance is approaching the resistance zone consisting of two trendlines intersecting each other. This happens to be an important point for the market. Remember if you zoom out, a break and close above this channel will result in more dumps in the market. Whereas if we break the lower support, the green zone. BTC can rally towards $22k again. Keep in mind we are stuck in the range of $18.5k to $20k. CONCLUSION:- This last quarter is likely to be bullish IMO so sooner or later, am expecting this range to break to the downside. Do your own research, this is not financial advice. If you find this update helpful, Hit the like button and share your views in the comment section. Thank you #PEACE
CRYPTOCAP:USDT.D
by Cryptorphic
5
#BTC/USDT 4HR CHART UPDATE !!As BTC is currently trading inside a rising wedge pattern, BTC moved back to the mid-lower support range after a bearish divergence below the upper trend line resistance. BTC needs to hold this level to climb above again, rejection will lead it to touch 19k again. This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
by Domino_Crypto
4