Usdtshort
USDT.D has just tagged strong support!I'm throwing this out there just to put a little ice on the flames rn. It is worth noting that USDT dominance has tagged strong support today.
What does this mean? Well, it means mostly that reserves are being emptied in favor of hot crypto rn.
What might it mean if support holds? It's really hard to say but I am betting that much of these funds are going into Bitcoin. Now, if BTC starts to cool (which my charts are showing me may strongly be the case), traders may sell, USDT.D would bounce on that support, and then following this traders may begin to look at new trades, specifically ALTs which they know will follow BTC's lead. This theory is supported by my BTC.D chart which looks as if it may double-top here today pending where we close.
Also note that RSI. We are in oversold territory. Last time this happened, ALTs took off.
Best,
Stewdamus
USDT.D are you rdy for Down All professional crypto market analysts know that before anything else, they should check Tether's Dominance trend, then enter the market and open their position.
Based on my analysis, I announce that Tether's trend will soon be downward and a bull market will begin for crypto.
USDT Dominance double bottom? I'm looking at 8h timeframe. There is potential double bottom formation which will be completed if USDT bounces from the current support level and breaks 8% neckline. W pattern target is mentioned on the chart. This is a scenario 1/ orange color/ with 25 % probability and at the same time if can lose the current support level and breaks down to the next support level at 6% and after a small bounce drops to 5.5%. This is a scenario 2/pink color/ with 75% probability. This will be bullish for BTC.
Combining USDT with SPX and BTC, I gave 75% probability to the 2d scenario because of BTC bullish case scenario I published on my previous analysis.
USDT.D are you rdy ? DOWN😡😡😡The dominance must go down. This time hurt Harrow a lot.
The crypto market has become the toy of several thieves, including the Tesla micro-strategy companies elon Mask and the Luna thief company.
But it is time for this market to rise and I hope people can make a profit.
Will LUNA attack the resistance at $ 114?Hello everyone, let's take a look at the LUNA to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 59.56, if the support breaks down, the next one is $ 81.33 and $ 72.23.
Now let's move from the resistance line as you can see the first resistance is $ 104, if you can break it the next resistance will be $ 114 and $ 123.
Looking at the CHOP indicator, we can see that we have a lot of energy on the 4-hour interval and the MACD indicator shows an upward trend.
The LL / LH-HL / HH formation is building which could confirm the attack at around $ 114.