USDT.D trade ideas
USDT Dominance breakdownCRYPTOCAP:USDT.D The rising channel that it has been following since March 2024 has turned into a downtrend and is being tested again.
USDT (#Tether) dominance refers to the ratio of Tether's total market value to other crypto assets in the crypto market. When USDT dominance drops, the following results are usually observed:
1. Rise in Bitcoin and Altcoins: Tether is often used as a safe haven in the market as a stablecoin. When USDT dominance falls, it can be understood that investors turn to riskier assets (#Bitcoin and altcoins). This could cause a rise in #BTC and #altcoins.
2. Increasing Confidence in the Market: While USDT dominance is decreasing, it can be considered that risk appetite is increasing among investors. That is, investors prefer to invest in more volatile cryptocurrencies rather than stablecoins, which may indicate an increase in confidence in the market overall.
3. Dispersion of Liquidity: The decrease in USDT dominance means that market liquidity is distributed to assets other than USDT. This could result in a more diversified market structure, with market volume spread across other coins.
4. Beginning of Market Cycles: Declines in #USDT dominance can be interpreted as the beginning of a bull market cycle as investors turn to assets with the potential to appreciate rather than stablecoins.
CRYPTOCAP:USDT dominance decline may indicate that investors' perception of risk in the #crypto market has increased and they are seeking higher returns, but market conditions and other economic factors should also be taken into account. 🤝
USDT dominance is descending in weekly time frame.USDT dominance In the weekly time frame, bearish signs can be seen in the indicators. In the daily time frame whose chart is shown, it is at an important point and upon reaching the important intersection of the middle of the descending channel and the resistance of the ascending channel that was left out of it, signs of weakness can be seen. I personally believe that it will continue to decline again in the coming days and we will have a sharp fall on today's date
Tether Dominance Says Bitcoin Is Going DownTether Dominance's decline ended in March 2024. If we look at the chart before this date, all we have is bearish action, lower highs and lower lows.
The last drop was very steep and produced a rounded bottom. Out of this rounded bottom USDT.D entered a rising channel and is moving within it. We can see a clear pattern of rising values and the biggest volume bar is green.
Each time the lower boundary of the channel is tested, we get a bullish move. Each time there is a bullish move, Bitcoin goes down.
➖ Bitcoin was moving up between 6-September and 21-October.
➖ USDT.D was moving down between 6-September and 21-October.
Now, USDT.D started to move up. This development can be used as signal that says Bitcoin is about to move down.
This is what the chart is currently saying.
Thank you for reading.
Namaste.
USDT Dominance Bearish Pattern: What’s Next for BTC and AltcoinsHey everyone!
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USDT dominance is a key indicator of market sentiment and liquidity flow between stablecoins like USDT and more volatile crypto assets like Bitcoin and altcoins.
How USDT Dominance Impacts BTC and Altcoins:
📈 USDT Dominance Rising: This usually signals fear or uncertainty in the market, acting as a bearish sign for BTC and altcoins.
📉 USDT Dominance Falling: Indicates growing confidence, often leading to a rally in BTC and altcoins.
Current Market Analysis:
As shown in the chart, USDT dominance is forming a bearish flag on the daily time frame, which has already broken downward. It's now in the retest phase. Once this retest is confirmed, we can expect a significant drop in USDT dominance, likely triggering a strong pump in BTC and altcoins.
In my opinion, this could be the last good opportunity to accumulate BTC and promising altcoins before the next market rally.
What are your thoughts on this bearish pattern in USDT Dominance? Share your views in the comments below!
usdt , usdt dominance, usdt.d Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether works to disrupt the conventional financial system via a more modern approach to money. Tether has made headway by giving customers the ability to transact with traditional currencies across the blockchain, without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), Tether has democratised cross-border transactions across the blockchain.
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Let's analyse USDT dominance:
USDT dominance has recently broken below a rising channel, which it had been trading within for approximately 230 days. This breakdown could be a positive sign for both Bitcoin (BTC) and altcoins, as it suggests a potential shift in market dominance away from USDT towards BTC and altcoins.
The daily close confirmed this breakdown, reinforcing the bearish outlook for USDT dominance. A decline towards the support level of 5.06% is likely, followed by a possible retest before a further drop to 4.74%.
Key Levels:
Support: 5.06%
Resistance: 5.36%
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$70k Then ATH for $BTC Soon?Still following our use of the USDT Dominance Chart, we can see that the breakdown of the 5.3% resistance occurs as predicted. We should see all time highs for Bitcoin soon. Not a bad time to long your favourite coins; currently long on CATUSDT. Would post the chart next.
USDT dominance on the verge of a breakdown- it seems that USDT d. is mirroring btc with bitcoin being in a bullish wedge and dominance in an ascending broadening wedge which tends to be a bearish pattern
- price action looking like distribution and with the 5th touch of the trendline it is likely the macro broadening pattern resolves to the downside
- a breakdown that should be bullish for crypto
USDT.DOMINANCE UPDATE !! USDT dominance shows that the breakdown from the ascending channel pattern is being confirmed as the 100-day moving average remains below both. This indicates bearish momentum in USDT dominance, which often inversely correlates with the broader crypto market.
USDT dominance has successfully broken out of the ascending channel pattern and is staying below key support levels, strengthening the potential for further declines.
The 50-day and 100-day moving averages are acting as resistance barriers, suggesting that bearish momentum may continue to push prices lower.
A continued decrease in USDT dominance is usually a bullish signal for the crypto market, as funds may flow from stablecoins like USDT to other cryptocurrencies.
USDT dominance continues to decline and fails to rise above key resistance levels, it could signal a shift in market sentiment towards a more bullish trend for the broader crypto market. This chart update should be closely monitored as it could have significant implications for potential price movements across various crypto assets.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
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USDT 12 H AnalysisUSDT Started channel since April 2024
This channel is still moving same shape
Right now is critical moment if we broke it down we will touch weekly support (Bull RUN)
If we could not we may move in the lower Channel or even worse by touching the top soon
which may lead to Crash market
Better wait not taking decision now till the direction is clear .
USDT.D 1H update - Oct 17 2024So far so good! #USDT dominance has managed to hold above 5.21% level and has crossed above its descending trendline according to yesterday's analysis.
it seems USDT.D is heading for 5.46% as the first target so it's safe to assume that BTC and other coins will probably dump some more.