USDT Dominance is bearishFrom where we entered "start" on the chart, it seems that the dominance correction has started.
It looks like we have an ABC on the chart that we are now at the end of wave B.
Wave B seems to be symmetrical, which is symmetrical in wave i.
It seems that after the completion of wave B, we have a bearish wave C for dominance.
The targets are listed on the chart.
Wave B is expected to end this month (September) or October.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
USDT.D trade ideas
USDT Dominance Update - Sep 21 2024#USDT dominance is most probably heading for the lower level of 5.3% which means BTC and the rest of the market can possibly rise to higher levels. But 5.3% area is a very critical zone and if it's going to be broken, it won't get broken without an initial reaction. So we can expect to see some rise from the mentioned level which means Long positions must be closed once USDT reaches the zone.
Why I think the market is going to crashIf you look at the structure that usdt is showing us, we can see that this has already happened, at the moment this rise is happening to unload the indicators before the real explosions. I don't know when it will happen, but I think that maybe before the end of the year we will see a market crash.
USDT Dominance broke the important support!!Join our community and start your crypto journey today for:
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Let's analyse USDT dominance in LTF here.
USDT.D was trading above the midline of its channel, but the likelihood of it bouncing back to the upper channel has diminished after breaking a crucial support level following the Fed's 50 basis point interest rate cut yesterday. This indicates a bullish sign for a BTC rally towards $70,000.
Support Levels:
5.43%
5.17%
Resistance Level:
5.78%
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USDT dominance Bearish formationGreetings traders,
USDT dominance (log chart) had broken down the macro trend when BTC started rallying end of 2023.
As BTC peaked in March this year, USDT started grinding up and is currently re-testing those level from beneath, and has produced another lower high on August 5th.
Another bearish pattern is forming, a rising wedge, that typically breaks to the downside.
Very visible on the daily chart. MACD has printed a bearish divergence as well.
Before breaking down however, there is a probability of another move up towards the horizontal resistance and the descending trendline. This will have BTC back around 52-53k region where last week CME gap is.
Obviously it is possible, but less likely in my opinion, that this chart will break to the upside. This would mean BTC going to low 40k.
I personally use USDT chart as a confirmation of BTC direction, not as leading indicator.
And this chart is giving me more conviction that very soon BTC and altcoins will break to the upside.
Good luck everyone.
CRACKS ARE FORMING IN USDT DOMINANCE! THE END IS NEAR!USDT has completely dominated the stablecoin market for a long time now, but cracks are beginning to form in its foundation that could cause the whole structure to come crashing down. People are losing trust in USDT, even though the vast majority of trading platforms use it as the sole medium of exchange on their platforms. Competitors are turning up the heat in this market, and companies like Circle (USDC), which are fully audited, as well as newcomers like Ripple's RLUSD, could pose a serious challenge to USDT if it doesn't prove its reserves through regular audits and restore investor confidence.
I personally believe that USDT is a Ponzi scheme, similar to the Federal Reserve, which continuously counterfeits dollars by minting excess tokens, with nothing but faith backing them. I also believe that the time of USDT's dominance is coming to a swift end.
Once RLUSD is released and available for purchase to Wall Street and Main Street, I believe that the majority of stablecoin holders will switch from USDT to RLUSD, as Ripple is one of the most transparent and reputable companies within the crypto space. I am one of these people.
Good luck, and don't put all your eggs in one basket!
USDT Dominance Inverse H&S Indicating Potential BTC Dump!Join our community and start your crypto journey today for:
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Hello everyone,
As anticipated, market volatility has increased. Given the current market conditions, it was already advised to avoid long positions in futures in our community.
There's a growing likelihood of a Bitcoin pullback due to the formation of an inverse head and shoulder pattern in USDT dominance. Additionally, a breakout from a triangle pattern on the hourly timeframe suggests potential short-term weakness in BTC.
While a retest is possible, a larger downward move for Bitcoin is probable in the higher timeframes.
Key Points:
USDT Dominance: Forming an inverse head and shoulder pattern.
Hourly Chart: Triangle breakout indicates potential weakness in BTC.
USDT dominance upper resistance: 6.56%
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1 year chart
"Test for Chart Viewing" typically refers to a process used in various applications, especially those involving financial markets, data analytics, or performance monitoring, to ensure that the visualization or graphical representation of data works as expected. This can involve testing features like:
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Will USDT Dominance Surge or Sink in September?I anticipate that USDT dominance will stay relatively strong, with price action likely remaining in the upper part of the wedge for most of September, a month that could be quite volatile. I expect a breakout from the wedge in October, indicating a decrease in USDT dominance and a rally for strong crypto assets. Given the potential volatility in September, having additional capital to buy dips could prove advantageous.
USDT.D analysisIt is about reading the price pattern and the result of the indicators
I will only share with you what the result of the analysis shows. + other crypto coin analysis.
rsi has been in a green position for a long time, red is not far, considering the rhythm of rsi history (point b and the crypto market is green)
point c is bloodshed.
This could be wrong. MD
Tether.d AndBitcoin showing Fall Best Wey to trade .In the Previous analysis, we observed the confirmation of the descending channel, now we have to examine the ascending channel of Usdt.d, which is another confirmation of the fall of Bitcoin. Currently, the resistance of 6.1 has been broken. And the first resistance target is 7.8 and 8.1 so that Bitcoin can see the targets of 48000 and 42000. According to previous experience, we can buy altcoins in this range.
USDT Dominance: A Major Move is on the Horizon!Guys! Get Ready!!!
The USDT Dominance is indicating something important, and you all need to pay attention to this.
USDT.D has reached the resistance trendline and is likely to be rejected down to 5.20% — a 20% drop. This would be great for BTC and the altcoins.
The RSI is forming a bearish divergence, suggesting a rejection of the dominance is coming soon.
If this rejection happens, it will present some good opportunities for us to enter long positions.
Stay cautious and trade safely.
More updates coming soon.
If you find this post helpful, show your support with a like, share, and comment.
Regards,
Team Dexter.
#cryptocurrency #USDT
Dominance Tether WeekEnd Updatein dominance we face with a strong reistance zone that apears with RED AREA
Also we have some Fvgs in charts that not filled yet
we are in bullish movement and still long trend line is valuable
So if you want to Buy Crypto ? its time to risk or you can wait for more confirmations
like passing last higher low and breakout Trend line
@TradeWithMky