Get started

USDTRY

#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
CRYPTOCAP:USDT.D
by Cryptorphic
1
Long or Short? Update for Leverage traders...USDT Dominance is at a decisive point. Multiple Rejection candles will lead to a rally across the market. BTC could hit $23k+ and alts will follow, probably a green week. However, a close above the resistance will lead to a correction. Important area, stay vigilant. CONCLUSION:- Close above 7.28% will trigger short entries across the market. Close below 7.23% enter long position with SL. Let me know what you think in the comment section and hit the like button if you find this update helpful. DYOR Thank you #PEACE
CRYPTOCAP:USDT.DShort
by Cryptorphic
5
Jamie Gun2Head - Selling USDTRYTrade Idea: USDTRY Reasoning: Selling resistance, nice risk reward Entry Level: 17.3623 Take Profit Level: 17.3012 Stop Loss: 17.3778 Risk/Reward: 3.94:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other
Short
by Signal_Centre
Turkish Lira (USDTRY)Economy keeps crashing in the hands of "strong man" Erdogan, who has fired every Head of Turkish Central Bank who tried to stop him fulfill his own Turkish Dream of hyperinflation in which business is no longer possible as the cost of imports and commodities rises daily. Erdogan's genius policy in a world where growth and investment is stalling is to keep slashing interest rates in the hope of stimulating investment in Turkey's economy... oh and getting his loyal supporters to hand out dollar bills in loyal neighbourhoods so that the people can burn them in front of TV cameras. This country of 85 million has no economic policy at all anymore. It is a total basket case and failed state in the making. Get out! ---------------------------------------------------------------------------------------------------------------------------------------------------------------------- You maniacs! You blew it up! Ah, damn you! God damn you all to hell! --- Taylor
by Deep_Fud
12
Jamie Gun2Head idea - Selling USDTRY???Trade Idea: Trading the range for USDTRY Reasoning: Selling at resistance level - targeting support level Entry Level: 17.2892 Take Profit Level: 17.1847 Stop Loss: 17.3214 Risk/Reward: 3.25:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
USD/TRY's dramatic intervened drop is stablising around 11.0000The USD/TRY pair extended its dramatic turnaround from a record high touched earlier this week and continued losing ground through the mid-European session on Thursday. This marked the fourth successive day of a negative move and dragged spot prices to a six-week low, around the 10.20 region in the last hour. The pair, however, found some support at lower levels and quickly bounced back above the 11.00 round-figure mark. The Turkish lira's recent strong gains came after the government announced extraordinary measures on Monday, which include the introduction of a new program to protect savings from currency fluctuations. Adding to this, President Recep Tayyip Erdogan said the government and the Central Bank of the Republic of Turkey (CBRT) would guarantee certain local currency deposits against losses from FX depreciation. Erdoğan also reassured that citizens would not have to convert lira savings into foreign exchange due to volatility and emphasized that Turkey is committed to the free market economy. The President further underlined that Turkey is adamant about its new economic model and stuck to his unconventional policy to use lower interest rates to combat inflation. Nevertheless, the lira remains on track to record its best weekly gains ever, of around 40% and seemed rather unaffected by a modest pickup in US dollar demand. That said, extremely overstretched conditions prompted some short-covering amid relatively thin liquidity ahead of the year-end holiday season. - USD/TRY remained under intense selling pressure for the fourth successive day on Thursday. - The recent measures announced by the Turkish government continued lending support to the lira. - Extremely overstretched conditions prompted intraday short-covering move amid thin liquidity. >Dollar Edges Lower as Confidence Over Omicron Supports High Yielders The dollar traded marginally lower early in the European session Thursday, near a one-week low, amid growing optimism for the global economic outlook despite the surge of Omicron-variant Covid cases. At 2:50 AM ET (0750 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.1% to 96.043, having earlier fallen to 96.018 for the first time since Dec. 17. USD/JPY rose 0.1% to 114.19, with the yen, another safe haven, slipping despite Japan upgrading earlier Thursday its growth projections for the next fiscal year starting in April. The growth projection was raised to 3.2% for fiscal 2022 from a forecast 2.2% real GDP growth seen at a mid-year review in July. This would be the fastest growth since fiscal 2010. EUR/USD rose 0.1% to 1.1338, adding to its overnight advance, GBP/USD climbed 0.1% to 1.3354, while the risk-sensitive AUD/USD rose 0.1% to 0.7218, after Wednesday’s surge of almost 1%. Risk sentiment has improved as the week has progressed, helped by a couple of studies suggesting that patients with the Omicron variant face a lower risk of hospitalization and severe disease compared with the Delta variant, the previously dominant strain. Also helping was the release of positive U.S. economic data on Wednesday, with GDP growing 2.3% quarter-on-quarter in the third quarter and existing home sales rising 1.9% in November. However, it was U.S. consumer confidence improving more than expected in December despite the resurgence in Covid-19 infections which had the biggest impact. “Expectations about short-term growth prospects improved, setting the stage for continued growth in early 2022. The proportion of consumers planning to purchase homes, automobiles, major appliances, and vacations over the next six months all increased,” said a Conference Board spokeswoman. The economic data slate is packed Thursday, including initial jobless claims, new home sales, durable goods orders, and the PCE price index. It also includes personal income and spending, as well as the University of Michigan consumer sentiment and expectations indexes. Elsewhere, USD/TRY dropped 1.8% to 11.8270, with the lira continuing to rebound after President Recep Tayyip Erdogan said Wednesday that measures to protect the Turkish lira bank deposits from depreciation amid a currency crisis have achieved their goal. That said, the currency is still about 40% down so far this year after a series of interest rate cuts, engineered by the president, despite inflation soaring over 20%. Elsewhere, the Russian ruble rose to its highest level in over a month ahead of President Vladimir Putin's annual press conference, against a backdrop of continued tension on the Ukrainian border, where over 100,000 Russian troops have massed. Analysts will want to see whether Putin repeats to a more general audience the hawkish comments that he made to his defense chiefs earlier in the week. >USD/TRY's dramatic intervened drop is stablising around 12.0000 USD/TRY is stabilising following three consecutive days of falling prices that have wiped out the November rally. At the time of writing, USD/TRY is trading at 12.0354 and in between an 11.9655 and 12.0828 range so far. President Recep Tayyip Erdoğan ordered the Turkish central bank to start reducing interest rates earlier in the year which led to the currency falling around 50% since September. Inflation rose 21.31% in November compared to the same period last year. On a monthly basis inflation rose 3.51% compared to October. The president insisted on four interest rate cuts over the four months despite surging inflation and the market responded in kind. However, on Monday 20 December the TRY weakened significantly when President Erdoğan said in a televised speech that he will continue cutting interest rates after rates were cut by 100 basis points. This took the rate to -6%, the lowest in the world and the TRY to the weakest level since the 1980s. However, there was a dramatic comeback in the currency when the government announced a series of measures to support the currency on Monday. Amongst other measures, including direct FX forward contracts from the central bank for companies heading overseas business, Erdoğan explained that the government will protect lira deposits by making up for the losses incurred. TRY has rallied, and the plan is working, so far. However, if the president is intent on cutting rates in an inflationary environment, then the lira will be left vulnerable to further weakness. Technicals are futile under such fundamental drivers and wild price action as this, but nevertheless, if there is to be stability, then the range are between 11.0000 - 14.0000 . - BUYING PRESSURE PRICE 10.2000 - 11.3000 - Our option for #USDTRY is TO WAIT FOR BUYERS DECISION PRICE ACTION WITH A CONFIRMATION. - Economy BUBBLE has happened or is close to !! - The outlook and the overall trend for the pair is BULLISH. Prev. Close 12.0373 Bid 11.3001 Day's Range 10.2329 - 12.3582 Open 16.4798 Ask 11.494752 wk Range 6.8882 - 18.36741 Year Change 57.36% It’s important to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis , and expert opinion before making any investment decisions. Be patient and look long term wisely and never invest more than you can afford to lose. Trading & Investing both are the master of RISK. Please comment, like and follow if it was helpful for you. Thank you for your time. Have a profitable day. | Review and analysis by Samadi.Finance |
by AliSamadiTR
9
#USDT.DOMINANCE 1HOUR UPDATE BY CRYPTOSANDERS !!Hello, dear traders welcome you to this USDT.DOMINANCE 1hr chart analysis. I have tried my best to bring the best possible outcome in this chart. 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. In scenario 1, we can see that whenever 100D MA cuts the candles below then USDT.D becomes bullish. In scenario 2, we can see that 100D MA crossed the candles and it becomes bearish. In scenario 3, we can seas the same scenario as scenario 2 where agin 100D MA crossed the candles and USDT.D moving downside. Here I am expecting a break below this channel pattern which will be the indication to go long in different USDT pair ALTCOINS. 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.
CRYPTOCAP:USDT.D
by CryptoSanders9563