USDT DOMINANCE ANOTHER BEARISH SCHNARIO!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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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.
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Usdtdominanceidea
#BTC AND USDT DOMINANCE COMPARISON!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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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.
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USDT DOMINANCE is tranding above this support!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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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.
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#USDT DOMINANCE ALERT!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#USDT DOMINANCE UPDATE
USDT DOMINANCE does not look good, DOMINANCE makes this bullish flag pattern in 4 hours time frame but it does not conform yet but in case it breakout this pattern with confirmation then it can bounce up 12%.
In case it got rejected then it can drop up to the lower level of this pattern.
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#USDT DOMINANCE is forming this bearish rising wedge pattern!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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USDT DOMINANCE
If we look at the 4hour timeframe USDT DOMINANCE is making this falling wedge pattern if it breakdown this pattern with confirmation then according to the pattern it can drop up to 16%.
( About rising wedge
A rising wedge is generally a bearish signal as it indicates a possible reversal during an uptrend. Rising wedge patterns indicate the likelihood of falling prices after a breakout through the lower trend line
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#USDT DOMINANCE UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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USDT DOMINANCE
As I mentioned that dominance is facing upper resistance of this rising wedge pattern but according to this flag pattern if breakout this resistance then it will pump up to 7.50%
now it breakout this resistance and currently look like it going to touch the 7.5% level as I mentioned.
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#USDT DOMINANCE UPADTE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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USDT DOMINANCE
As I mentioned USDT dominance makes this bullish flag pattern in a 1hour time frame currently facing upper resistance of this rising wedge pattern but according to this flag pattern if breakout this resistance then it will pump up to 7.50% but I case if it got rejected then it can drop up to 4.75%.
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#USDT DOMININCE UPDATE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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USDT DOMINANCE
As I mentioned USDT dominance makes this bullish flag pattern in a 1hour time frame it still trading inside this flag pattern and currently rejecting from the upper resistance as you guys see in the chart WILL USDT DOMINANCE IS GOING TO DO THIS SAME THING what do you think
USDT DOMINANCE NEEDS TO BREAKDOWN THIS LOWER SUPPORT TO INVALIDED THIS PATTERN
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USDT DOMININCE 1 HOUR UPDATE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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USDT DOMINANCE
As I mentioned USDT dominance makes this bullish flag pattern in a 1hour time frame it still trading inside this flag pattern.
if it breakout this pattern then According to the pattern, we can expect a bounce up to 12%.
USDT DOMINANCE NEEDS TO BREAKDOWN THIS LOWER SUPPORT TO INVALIDED THIS PATTERN
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#USDT DOMINANCE UPDATE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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USDT DOMINANCE
USDT DOMINANCE is trading inside this rising wedge pattern in the daily time frame. Inside this rising wedge pattern, USDT dominance makes this bullish flag pattern in a 1hour time frame.
if it breakout this pattern then According to the pattern, we can expect a bounce up to 12%.
USDT DOMINANCE NEEDS TO BREAKDOWN THIS LOWER SUPPORT TO INVALIDED THIS PATTERN
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⚡️TETHER/DOMINANCE 4HR UPDATE⚡️Hello, 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 can see the above-mentioned that USDT dominance currently trading below the resistance level of the parallel channel and the green resistance level after a continuous sharp gain of 15%.
Here USDT dominance needs a rejection from bulls' point of view to bring some green relief to bulls.
The break above will be more unsatisfactory for bulls at this stage.
Let’s see how it goes in the upcoming hours.
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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 DOMINANCE UPDATE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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USDT DOMINANCE
USDT DOMINANCE is trading inside this rising wedge pattern in the daily time frame and inside this rising wedge pattern USDT dominance breakout this bullish flag pattern and retested it also.
According to the pattern, we can expect a bounce up to 40%.
To invalidate this pattern USDT dominance needs to close a daily candle inside this pattern.
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#USDT DOMINANCE UPDATE MUST READ!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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USDT DOMINANCE
USDT DOMINANCE is trading inside this rising wedge pattern in the daily time frame and is currently facing this red trendline as resistance.
Bulls need a daily close below his resistance
if it breakout this resistance with conformation then we might see BTC 12K
for more info observe in the chart
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USDT DOMINANCE: TRADING INSIDE THIS CHANNEL!!!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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USDT DOMINANCE
USDT DOMINANCE is trading inside this channel and currently, it is facing upper resistance of this channel.
dominance got rejected from this resistance many times so we expect this time too that it will get rejected but in case if DOMINANCE breakout, this resistance then the chart will be validated.
Conclusion: Things are pretty tight and trading in this kind of situation is quite risky. Please note that this chart is in a higher TF so shorter TF scalping is better caused the market will be volatile.
I hope this update was helpful for you.
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USDT DOMINANCE UPADTE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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USDT DOMINANCE
Update: In this 2-day TF, the USDT.D is at the 6% support level. We can either expect a bounce back from this level or we may see the USDT.D reaching down to support 2 at 4.8% to 3%.
RSI: The RSI is making a hidden bullish divergence which is quite interesting to see.
Conclusion: Things are pretty tight and trading in this kind of situation is quite risky. Please note that this chart is in a higher TF so shorter TF scalping is better caused the market will be volatile.
I hope this update was helpful for you.
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USDT DOMINANCE FORMING BEARISH FLAGE PATTERN!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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USDT DOMINANCE UPDATE
USDT dominance breaks down this bearish flag pattern in a 1hr timeframe.
we are expecting a good drop according to the pattern.
If it breaks this red line resistance the chart will be invalided.
stay tuned
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USDT DOMINANCE: long term update!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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USDT DOMINANCE UPDATE
We have this green line as support if it breaks down it confirms the bull market as it did the last time for more info observe the chart.
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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USDT DOMINANCE UPDATE
USDT DOMINANCE
let's see how the 4 hours candle close.
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This chart is likely to help you make better trade decisions if it does consider upvoting it.
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Thank you
⚡️TETHER/DOMINANCE 1HR UPDATE⚡️Hello, 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 follows and comment in the comment section if you find this analysis helpful.
As our last USDT dominance update worked well and it broke above the falling channel and bounced 5.5% already from the break-out point.
In the current scenario USDT DOMINANCE hitting the resistance level and here it needs to reject from here print downfall.
As the majority of coins are already down by 15% - 20% gain above will lead to more red candles at ALTCOINS.
Rejection will bring relief to altcoins or a break above will lead USDT DOMINANCE towards the upper trend line resistance at the 6.7% level which will be unsatisfactory for altcoins.
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.
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USDT DOMINANCE BREAKOUT THIS RESISTANCE!! WHAT'S NEXT?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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USDT DOMINANCE UPDATE
USDT DOMINANCE breakout this 6.25% resistance level it may bounce from here up to the upper resistance of this big descending channel but if you look it proves resistance it makes a fake breakout and the dumped so it can do it this time too.
let's see how the 4 hours candle close.
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#TETHER/DOMINANCE 4HR CHART UPDATE !!Hello, 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 follows and comment in the comment section if you find this analysis helpful.
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.
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 DOMINANCE: FORMING BEARISH PANNANT PATTERN!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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USDT DOMINANCE UPDATE
USDT dominance is forming this bearish flag pattern in a 1hr timeframe.
we are expecting a good drop after the breakdown of this pennant pattern.
stay tuned
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USDT DOMINANCE: Will it do again?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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USDT DOMINANCE UPDATE
It is currently facing or retesting this lower level of this channel as resistance. if it breaks this resistance then we will bounce up to the upper resistance of this box or channel but if it is not able to break out then it will drop up to the lower support.
let's see how the 4 hours candle close.
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USDT DOMININCE IS AT SUPPORT!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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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.
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