🔴 USDT.D - 1D (21.09.2022)🔴 USDT.D
TF: 1D
Side: Short
Pattern: Rising Wedge
SL: 8.03%
TP 1: 7.23%
TP 2: 6.92%
TP 3: 6.68%
TP 4: 6.43%
This is my idea on USDT.D over the next couple of weeks.
After so much growth, I think it will go down a bit to reset the RSIs.
This means Crypto can have a relief rally before continuing down.
Usdtdominance
Bitcoin (BTC) - September 20Hello?
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(BTCUSDT 1W Chart)
Whether or not it can move higher than 22579.68 is the key.
To do so, it is necessary to check whether the price can rise above 19695.87 and be supported.
(1D chart)
It is necessary to check whether it can be supported in the section 19426.43-1995.87.
Primary resistance: 19946.21-20285.73
Secondary resistance: 20798.16-218383.98
- Conversion to an uptrend: Rise above 19695.58 (above the HA-Low indicator),
- To continue the upward trend: rise above 20798.16 (above the HA-High indicator)
When the Stoch RSI indicator moves out of the oversold zone, it is important to find support and resistance at the point.
If the CCI line remains above the EMA line, it is expected to maintain an uptrend.
The next volatility period is around September 25th.
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- 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.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(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.)
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USDT DOMINANCE ANOTHER BEARISH SCHNARIO!!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 making this rising wedge pattern but to confirm this pattern dominance needs to break down this pattern confirmation.
After this conform break down of this pattern we can expect a drop up to 17% according to the pattern.
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
USDT DOMINANCE: RISING WEDGE.Hello traders, let's read a quick update on USDT Dominance in 6 hours TF.
USDT.D has recently formed a rising wedge pattern and currently getting rejected from the resistance. If this resistance is good to be true then we may expect a drop toward 6.62% support level, nearly a 10% drop. This drop will be enough to bring some green rallies to the market.
Keeping a close eye on it. Let us see how it plays out till the daily close.
Trade safely.
USDT DOMINANCE: A REJECTION.Hello traders, I hope you all are doing well. Here's a quick update on the USDT dominance.
Timeframe: 12 hours.
Recap: In my previous update, we talked about the USDT.D forming a symmetrical triangle pattern in a daily timeframe. Well, looks like the dominance is leaning towards the downside.
Update: In this 12 hours timeframe, we can see a rejection taking place from the 7.2% resistance level. If it is an actual rejection then I am expecting the dominance to reach down to the lower support level (5.8%). This means a good rally in the market.
We still have 1 hour left for the daily close so, we will wait for that before jumping to any conclusion. This daily close will be interesting to watch so keep a close eye on it and be prepared for some action.
I hope this idea is helpful to you. And as always, thank you so much for your support.
God bless and trade safely.
#BTC AND USDT DOMINANCE COMPARISON!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do 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 in this chart, Do not consider it as FINANCIAL ADVICE.
I always emphasize that time in the market beats timing the market, but I want to share an interesting approach that you can consider taking when timing the cryptocurrency market, especially when it comes to Bitcoin's overall direction.
Tether Dominance
- Just as Bitcoin dominance refers to Bitcoin's market cap relative to that of the entire market cap, Tether dominance is no different.
- It refers to how much capital is parked in stablecoins, specifically Tether, at any point in time.
- Since Tether (USDT) is a stablecoin that tracks the USD, an increase in Tether's dominance suggests a pullback or correction in cryptocurrencies.
- A simple way to understand it is to think of USD flowing in and out of the market.
- On the other hand, if Tether's dominance drops, it means that more capital is being deployed to purchase cryptocurrencies, which is bullish overall for the market.
- If you look at the graph above, you'll clearly see the inverse correlation between Bitcoin (orange) and Tether dominance (black).
- Key support and resistance zones for Tether dominance are marked as well.
- As we're currently trading slightly above local support, marked in green, if we see Tether Dominance fall below those levels, we could expect Bitcoin to continue rallying upwards.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
#USDT.DOMINANCE 30M 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.
DOMINANCE UPDATE:-As we see the Bart pattern forming in the Dominance, the Dominance suddenly dumps and we see bearish RSI in the Dominance, so here we expect the Dominance to Dump. What do you think in the comment section? Tell me
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.D inverted head and shoulders#USDT.D
The dominance of USDT is inside a descending channel, and below the upper line of this channel.
also as you can see it shaped an inverted head and shoulders.
🐮 the neckline of H&S pattern is the same with upper line of channel, so breaking out from this resistance can increase dominance toward resistance zone around 8.5%, that will cause more fall in crypto market.
🐻 rejection from upper line of channel can reverse the short-term trend and possible to drop to lower line, and as you know this move will cause reversal in crypto market and crypto will move upward.
SECRETS the USDT.D chart can reveal - Crypto Bullish or Bearish?Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's video analysis, I share with you the SECRET of the USDT.D chart, that otherwise seems irrelevant in predicting the ENTIRE crypto market direction... right? Watch this video to find out what the USDT chart can reveal about the general trend of Bitcoin and altcoins / TOTAL cryptocurrency market cap. I also use one of my favorite technical indicators, the correlation coefficient.
Now , you might wonder, why are market caps relevant? In general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. For this reason, market cap is often regarded as the single most important indicator for ranking cryptocurrencies. The market cap of a cryptocurrency is determined by the current price multiplied by the circulating supply.
The market cap of a cryptocurrency more or less reflects the popularity of a coin over a longer term and can reveal how much market participation there is in a specific asset.
Large-cap cryptocurrencies are generally considered to be safer crypto investments. These are companies with a market cap of more than $10 billion. Investing in coins with large market capitalization is usually a conservative strategy. These coins are likely to be less volatile than other cryptocurrencies but still more volatile than traditional assets like stocks. Mid-cap cryptos (think top 20ish altcoins) are more volatile but also have a lot more growth potential than large-cap cryptocurrencies.
Micro-cap cryptocurrencies are extremely volatile and considered a highly risky investment, even though they may sometimes have a lot of potential (short-term) growth. However, be aware that they may also crash, literally from one minute to the next. They are also popular for pump and dump schemes, and liquidity rug-pulls.
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USDT DOMINANCE: A DECISION TO MAKE.Hello traders, here's a fresh update on USDT dominance in the daily timeframe.
Recap: In my previous USDT.D update, I mentioned the bounce back from the 5.8% support level. The dominance did pull back but dropped back to the supporting trendline.
Update: Currently, in the daily timeframe, the USDT.D is under the symmetrical triangle formation. We all know that the symmetrical triangle pattern is always a decision pattern where the price either goes up or goes down depending on the condition. Therefore without complicating the chart, I would like to keep it simple for you all.
The key levels for USDT dominance:
1. 7.15% resistance level: If the USDT.D manages to break above 7.15%, things will not be good for the market.
2. 6.45% support level: If the dominance breaks down below it then the market will pump hard.
Therefore, it is important to keep your eyes wide open and trade with proper risk management.
I hope this idea is helpful for you. Thank you so much for your support.
God bless and trade safely.
USDT DOMINANCE is tranding above this support!!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 it as financial advice.
USDT DOMINANCE
USDT DOMINANCE makes this rising wedge pattern and drops currently it is trading at the support of this horizontal support which is 6.40%.
we need a conform breakout of this support in case it bounced then we have 6.77% as resistance.
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
USDT DOMINANCE UPDATE! A BULLISH RETEST!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT Dominance update. USDT Dominance works opposite to the BTC and Alts. It means when USDT Dominance pumps, BTC, and Alts dumps, and vice versa.
Now let's get to the chart.
According to this daily time frame chart, USDT dominance breaks out from the descending triangle and currently looks like it is retesting the triangle. After this successful retest, we can expect a bounce in dominance and a dump in the crypto market.
Invalidation:- Daily candle close below the 6.30 level will invalidate this chart.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!