USDT DOMININCE IS AT 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.
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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 UPADTE
It is currently lying on the support if it breaks done this support then we have lower support of this channel but if it is not able to break down then it will bounce up to the upper resistance.
let's see how the 4 hours candle close.
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
Usdtdominance
BTC/USDT 1hr CHART UPDATE!!Hello everyone welcome you all to this exclusive BTC 1hr 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,
As we can see from the above-mentioned chart that BTC recalled its previous position after a sharp bounce of 13% from the lower green support level of $21k.
In the current scenario, BTC is about to face its local resistance level of $23.8k.
MACD also printing slightly lighten green bars and it's about to print a bearish cross over.
Here we can see a short pull back to lower levels and bounce towards the price level of $25k.
Let’s see how it goes in the upcoming hours.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
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.
Matic LONG on Polygon, event August 4th or 5thMatic had a low of 73 cents one night ago, to the low level of 73 cents.
It was at this time that I started researching other traders and going into their defy wallets to see what trades they made. I saw someone pick up $638,000 worth of Matic at .77 cents..
I saw another wallet where someone invested $183,000 into MATIC around .78.cents.
I never made an entry into medic and now it's up to 81 cents and I'm kicking myself.
I still think that this will go to a $1.15 or more. They're having an event on August 4th or 5th. I believe this will push the price up.
I'm chatted on the public chat on trading view and when I said things about matic and that people were getting it at around 76 cents, some people said it was a steal at that price.
So I really wish I got in and I still want to get in. I was waiting for the FED to release their basis point numbers.
It looks like we've reached the support and now we are going for resistance. In the past days I've been monitoring the volume of Matic as well as the total crypto market and the usdt dominate chart..
Usdt dominance was at such a high of 7.04% two nights ago and I saw Matic drop to 73 cents.
Lot of whales got in at 37 cents a few weeks ago and they're making big money right now.
This has potential to go up a lot more and I still will make my entry anywhere from 73 cents if it ever goes down to around 82 cents. I feel that Matic is stable and doesn't drop much when you USDT Dominants happens.
#USDT Dominance:- Do not #FOMO during #FOMCMake sure you have a plan before you press that buy or sell button during these confusing times.👀
If not, wait for the right time.
If you don't have one, wait for the right time.
The market favors the one who understands risk.
Even if we start pumping from here, wait for the daily close.
The whole market will only be bullish if BTC goes back above the recent low which is quite tough as of now.
I am not taking any sides but as you know most people are waiting to gamble on the upcoming move, avoid high leverage if you do not wanna lose your funds, and wait for the right time to enter trades.
Good if you are experienced.
This isn't any financial advice you are free to do whatever you like!
BTW, When is the right time?
AFTER THE NEWS!!
Stay tuned
#PEACE
#BTC/USDT 4HR CHART UPDATE !! Hello everyone welcome you all to this exclusive BTC 4hr 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,
As we can see in the above-mentioned chart that after rejection from the $24200 level till now BTC meltdown by 14%.
In the current scenario, BTC is currently trading at the price level of $21200 on a green support zone.
Here regain above is likely in upcoming hours because $21.2k is a strong support zone and it’s holding that level well.
A candle that closes below the green support zone will lead BTC again toward the lower trend line support.
As FOMC 2 DAYS meeting and FED interest rate report is to be published on (18:00 GMT) , which also somehow impacts the market.
Let’s see how it impacts the market after the report's release.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
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.
USDT DOMININCE 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 it as financial advice.
Update: As I mentioned in my previous USDT dominance chart that it formed a bearish flag pattern but got invalided currently it is going to touch the upper resistance of this channel.
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.
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 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.
Bitcoin macro analysis (BTC/USD Index)Hello how are you?
On the long-term chart BTC follows a bullish channel.
It looks like he is testing the 38% Fibonacci retracement.
I placed the retracement considering the bottom of March 9, 2020 and the top of March 08, 2021.
Why did I consider these dates?
Explanation below.
BTC/USD indexed on Nasdaq
As Nasdaq is strongly correlated with BTC lately,
I analyzed in a separate chart the price of BTC indexed on the NDX.
Also on the same bull channel:
As we can see, we have the last bottom on March 9, 2020 and the last top on March 08, 2021.
Then, tracing the Fibonacci retracement by joining these dates, we saw that the price corrected until the 50% correction
Maybe test again? I don't know.
Fibonacci Channel
Reached -50% retraction.
Stochastic RSI, RSI and 100-month smoothed exponential moving average
On the monthly chart the price is in a theoretically cheap region, rarely seen.
On the RSI, the indicator broke the historic low.
And the stochastic RSI is still pointing down. When it starts to turn upwards it will be a good sign.
Another interesting sign is the 100-month regularized exponential moving average, as circled.
On-chain data
The volume of BTC on the network indicates important points.
In the yellow circles, where we had high volume on the Bitcoin network, this foreshadowed a strong swing in price, both up and down.
The percent of circulating supply that has not moved in at least 1 year
This indicator appears to be reversing downwards, which indicates that the circulating supply that has been idle for at least 1 year is starting to move.
We can see an inverse relationship as shown by the arrows.
Drawdown
In the past there was a drop of 87%, 80% and 82% approximately.
Now we're down 70%.
Have already fixed everything, or will you test that red diagonal channel, correcting 74% or more?
Stable coins dominance (dollar strength in the crypto market)
The dominance of the three main stable coins (USDT, USDC and DAI) has an inverse correlation to BTC.
When it goes up, the price of BTC goes down, and vice versa.
We have a bullish channel on the stable coin dominance chart, and when dominance reaches the top channel, it is usually a great buy signal, as shown in green circles.
Dollar dominance in the traditional market
Tested 50% Fibo retracement.
Hope this helps.
USDT DOMININCE 2 HOUR 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 it as financial advice.
USDT DOMINANCE UPDATE
USDT DOMINANCE is forming this bearish flag pattern and symmetrical triangle pattern also. According to the pattern, we may drop up to 14% from here.
but we have to wait for a breakout or breakdown of these patterns that will conform to the next move.
Stay tuned
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
Bitcoin (BTC) - July 25Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52
1st support: 21475.02
2nd support: 13137.51-15916.68
In order to turn into an uptrend and continue a full-fledged uptrend, it needs to rise above 29812.52 for support.
- If the price is maintained above the HA-Low indicator line (21838.98), it is expected to lead to further gains.
- The Stoch RSI indicator is rising and is expected to enter the overbought zone soon.
When the RSI moves out of the oversold zone and the Stoch RSI enters the overbought zone, a short-term high is likely.
It is not known to what point this short-term high will rise.
Expect to touch the 23733.48-25389.99 segment (up to 27033.35-29812.52).
(1D chart)
Primary Resistance: 23733.48-25389.99
Secondary resistance: 27033.35-29812.52
If the resistance section is divided in detail, it can be divided into a section 23733.48-25389.99 and a section 27033.35-29812.52.
These sections refer to the section where the diagonal Fibonacci line and the horizontal Fibonacci line pass.
Therefore, the entire section 23733.48-29812.52 becomes the resistance section.
The support zone is the same as mentioned in the description of the 1W chart.
- Support above the HA-High indicator line (22753.10) is expected to lead to further gains.
Therefore, the key is to maintain the price above the 22487.41-22753.10 interval.
- If the Stoch RSI indicator enters the oversold zone, you should check where support and resistance are found.
- In the CCI-C indicator, the CCI line is maintaining above the EMA line and the -100 point.
So, finding support near 22487.41 could lead to further upside.
The interval 27033.35-29812.52 is the interval that determines the trend.
Therefore, if it falls without being supported in the section 27033.35-29812.52, Stop Loss is required to preserve profit and loss.
Therefore, if it falls in the section 27033.35-29812.52 and receives resistance at 26574.53, Stop Loss is required.
The volatility between July 24-26 requires checking to see if there is any movement out of the 21475.02-23733.48 section.
------------------------------------------
(USDT + USDC 1D Chart)
If the flow of money doesn't show a clear uptrend, the coin market won't be able to turn upside down.
USDT needs to move higher than 68.468B for a clear uptrend.
(1W chart)
------------------------------------------------------------
- For this uptrend to lead to an uptrend, more funds must first flow into the coin market.
- An uptrend that emerges from an otherwise unfavorable situation is nothing more than a rebound that can come from a downtrend.
- In such market conditions, trading should respond to volatility with short-term trading.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(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.)
---------------------------------
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!
USDT DOMINANCE FORMING BEARISH FLAG PATTERN!!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.
#BTC UPDATE
USDT DOMINANCE is forming this bearish flag pattern and symmetrical triangle pattern also. According to the pattern, we may drop up to 14% from here.
but we have to wait for a breakout or breakdown of these patterns that will conform the next move.
Stay tuned
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
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.
Bitcoin (BTC) - July 24Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
Primary Resistance: Rising Channel (23722.8-25373.3)
Secondary resistance: 27054.1-29840.6
Support: 21481.1-22471.5
The key is whether it can be supported in the 21481.1-22471.5 section and rise to the first resistance section.
If it falls below 21481.1, I expect it to fall below 20564.2.
The next volatility period is around July 31st.
(1h chart)
** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended.
You need to see support at the 21481.1-22471.5 section and see if it is moving along the uptrend line.
It can temporarily touch the 20564.2-21481.1 section and climb, so be prepared for this.
At this time, if it fails to move above 22471.5, it is likely to lead to further declines.
------------------------------
(USDT + USDC 1D Chart)
Money inflows and outflows are happening repeatedly.
A large pre-emptive influx of funds is expected to signal an uptrend in the coin market when USDT rises above 68.468B.
In order for the weight of USDT to be lower and the weight of USDC to increase, I think that it is possible only if there are more USDC markets on the exchange.
Currently, the USDT market is more active on exchanges, so I think the inflow of funds through USDT is more important.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(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.)
---------------------------------
USDT dominance is showing strength at supportUSDT.D is now at support, i think we will see some moves to the upside anytime soon which means correction towards crypto market for approximately 2-3 weeks ahead.
Breakout upwards 7.9% could be dump for bitcoin and other crypto pair.
Do not fomo buy now, wait for retracement & confirmation.
Bitcoin (BTC) - July 23Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52
1st support: 21475.02
Second support: 13137.51-15916.68
In order to turn into an uptrend and continue a full-fledged uptrend, it needs to rise above the ellipse shown on the chart to be supported.
Therefore, it is highly likely that an uptrend will begin when it rises above 29812.52.
- As the RSI indicator is located in the oversold zone, you can see that it is located in the low low zone.
- The Stoch RSI indicator is rising and is expected to enter the overbought zone soon.
When the Stoch RSI indicator enters the overbought zone, it is expected that the RSI indicator will break out of the oversold zone.
- On the CCI-C indicator, the CCI line is located in the range of -100 to +100, so it can be considered as a sideways section.
So, we need to see if we can continue the uptrend by moving above the 0 point and see if we can see a full-fledged uptrend by moving above the +100 point.
(1D chart)
Primary Resistance: 23733.48-25389.99
Secondary resistance: 27033.35-29812.52
If the resistance section is divided in detail, it can be divided into a section 23733.48-25389.99 and a section 27033.35-29812.52.
These sections refer to the section where the diagonal Fibonacci line and the horizontal Fibonacci line pass.
Therefore, the entire section 23733.48-29812.52 becomes the resistance section.
The support zone is the same as mentioned in the description of the 1W chart.
- The RSI indicator is located in the overbought zone.
- The Stoch RSI indicator is falling in the overbought zone.
- In the CCI-C indicator, the CCI line is maintaining above the EMA line and the -100 point.
So, finding support near 22487.41 could lead to further upside.
However, as the Stoch RSI indicator is falling in the overbought zone, the extent of fluctuation is expected to be determined depending on whether it can be supported near 22487.41.
When the Stoch RSI falls below 50, the key is to find support above 21475.02.
Therefore, what is important in the current position is whether it can be supported and climbed in the 21475.02-22487.41 section.
I have a sense of telling you in advance, but the section 27033.35-29812.52 is the section that determines the trend.
Therefore, if it falls without being supported in the section 27033.35-29812.52, Stop Loss is required to preserve profit and loss.
Therefore, Stop Loss is required if it falls in the section 27033.35-29812.52 and receives resistance at 26574.53.
------------------------------------------
(USDT + USDC 1D Chart)
You can see that new funds have flowed into the coin market.
(1W chart)
However, we believe that there is a possibility that the coin market will turn to an uptrend when the USDT chart still rises above 68.468B.
------------------------------------------------------------ -----------
(US 100 CFD (Nasdaq) 1D Futures Chart)
The 12212.6-12932.3 zone is an important support and resistance zone.
In particular, the 12374.1 point is the point on the 1W chart where an uptrend is likely to begin.
Therefore, if support is found near the 12374.1 area and rises, an attempt to break above the 12932.3 area is expected.
The days when the BTC chart and the Nasdaq futures chart are decoupled are increasing.
Therefore, it is highly likely that the coin market will show a different trend than the stock market.
Those who invest in the coin market by referring to the flow of the stock market, please invest with this in mind.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(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.)
---------------------------------
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.
Bitcoin (BTC) - July 22Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
Primary Resistance: Rising Channel (23722.8-25373.3)
Secondary resistance: 27054.1-29840.6
The RSI and Stoch RSI indicators are located in the overbought zone.
If it does not break out of the overbought zone, it is expected to lead to further gains.
To that end, it is important to see support at 22471.5 or higher.
If it fails to rise to the rising channel (23722.8-25373.3), the first resistance section, you should check to see if support is found in the section 21481.1-22471.5.
The volatility period is around July 23 (July 22-24).
(1h chart)
** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended.
The key is whether it can be supported by rising to the 23722.8-25383.3 section.
Also, you need to make sure you can move up along the uptrend line.
In the CCI-C indicator, the CCI line fell below the +100 point and below the EMA line, which is likely to lead to further declines.
So, beware of volatility.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(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.)
---------------------------------
🔻BTC.D DOWN,🔻USDT.D DOWN & 💹OTHERS.D UP ,What will happen❓❕HEY traders, what's going on today ❓❕‼️😉
since previous analysis that I posted for OTHERS dominance ,some interesting events have happened in the crypto market .
🔻📉BTC.D has declined ~ -10% ( from 49%-43%)
🔻📉USDT.D has declined ~ -30% ( from 9.5%-6.5%)
💹📈OTHERS.D has raised ~ +20% ( from 11%-13.5% )
while the dominance of both BTC and tether decreased But others.d increased and at same time we saw that bitcoin and altcoins prices has raised recently , so What it means ?!
in my opinion it means that in the recent weeks while majority of trader expected a green market and increase for bitcoin and altcoins but they mostly put their liquidity to the altcoins market because might expected more growth for altcoins rather than btc when btc.d is down .
If you don't know what's OTHERS.D , Before going any further more you should know the OTHERS.D represent the percentage of total market capitalization of the top-125 cryptocurrencies, excluding BTC and some other top cryptocurrencies. You can see the list of excluded coins on the Total Market Capitalization Dominance chart on the cryptocurrency market page . The excluded coins are displayed along with the OTHERS market chart.
Although the relation between the BTC.D , bitcoin price , altcoin dominace and their prices is a little bit confusing for most of us , but these key point can help us to predict the market !
EXPs :
if BTC price increase and BTC .D increase too ====> Altcoins price decreases.
if BTC price decrease and BTC .D increase ====> Altcoins price Dump and decrease heavy. This is dump phase.
if BTC price go sideway(without up or down) and BTC .D increase ====>Altcoins price don't change and this is accumulation phase.
if BTC price increase and BTC .D decreases (or sideway ) ====> Altcoins price jump or may have a altseason.
if BTC price decrease and BTC .D decreases too ====> Altcoins prices go sideways.
if BTC price go sideway and BTC .D decreases ====> Altcoins prices increase
so now what I expect for crypto market and altcoins?!
As always because of more dominance of Bitcoin ,we start with btc and btc.d ( I also assume that USD.T continues its down trend ),
📈_ thus if btc.d maintains the current support zone and be able to increase by breaking of the descending trendline and then can reach the higher VG zone :
if at same time bitcoin price rises >> so in this case others.d loses the current pivot zone and altcoins price will decrease
if at same time bitcoin price decreases >> so in this case others.d loses the current pivot zone fall to lower support zone and altcoins price will dump
if at same time bitcoin price goes in a sideways >> so in this case others.d maintain the current level and altcoins price will continue an accumulation phase
📉_ But if BTC.D the loses current support and goes down to lower support or may ( continues sideway) :
if at the same time bitcoin price goes more up >> so in this case altcoin dominance can reach the higher resistance zone an forms a H&D pattern and altcoins price will jump
if at the same time bitcoin price goes down >> so in this case others.d then altcoins price will go in a sideway
if at the same time bitcoin price goes sideways >> so in this case then altcoins price will go up
but anyway take it mind according to the USDT.D chart and previous analysis for , the tether dominance may increases in the short-term and the the same time btc.d and others' lose more their current dominances again , so in this case we may have a temporary down before any rising (in the mid-term )!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
💸 TETHER Dominance Update 📈Jul 21 , 2022📉HEY traders ❗❕ 😵
In the last analysis, I exactly told you guys that USDT.D has reached a historical and dynamic resistance line , and I expect to decline from there , so what happened next?1
It went down and accordingly the crypto market has turned green so far !
But today as you can see in the daily timeframe , It is already trading over daily support zone and if it be able to maintain the current zone ,can start to rise around here and after breakout the descending trend line it can reach higher resistance zone and I guess probably will form a head and shoulder pattern and continue to decrease more again ! and so on , in this case if it losses the daily support zone it can even see the weekly support zone around 4.5%.
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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