USDT.DTeter Dominance Analysis
Daily and weekly time frame
I expect Dominance Tether to move to the bottom of the daily zone which is 5.88.
Bitcoin is going to be dumped?
USDT.D trade ideas
USDT.D 4H analysis - June 17 2024After precisely following June 10th analysis and reaching the target area, #USDT Dominance had another small rise and hit the area again, having seen all the confluences, now it's expected to see a drop in USDT.D and the break of the yellow trendline, market reversal seems to be close. Expecting good pumps in the market!
Expecting the upcoming drop to break below the 4.33% level. #CRYPTO #BTC
USDT.D Logarithmic Trend Compared to Bitcoin TrendIn the long term, USDT dominance is in an uptrend. Within this trend, it often rises slowly, suppressing Bitcoin and altcoins, sometimes sideways, sometimes causing price declines. Then, with the sudden drops that follow, it puts Bitcoin and altcoins into a very sharp bull season. Right now, USDT is in an uptrend. I think that Bitcoin will enter a sideways channel as long as USDT remains in an uptrend. After this channel, a drop in USDT will put Bitcoin back into the bull season.
USDT.D linear weekly bottom trendThe bottom trend shown here has been the finish line for every BTC rally for the last 15 years. You can clearly see that Tether dominance has moved down over twice the distance it did in the previous bull market. This indicates that very little retail money is present which corroborates the low volume, poor structure, and limited alt performance comparative to BTC. USDT.D is under it's weekly 200 EMA for the first time however so have to see if that trend will break. EMA's are lagging indicators and, for now, best to assume that trend will continue to hold. BTC will not see targets beyond 86 without breaking that trend and every single bit of Tether being poured into the market.
USDT Dominance in Daily TimeframeUSDT Dominance Update:
The USDT dominance chart shows a symmetrical triangle pattern, suggesting a potential breakout in either direction.
Currently, it is facing a resistance at 4.8% and if the resistance stays strong then a 7% rejection is likely possible.
Key Levels to Watch:
~ Resistance around the 4.80% level.
~ Support around the 4.50% level.
USDT.D going higher?As it is depicted on chart of USDT Dominance we can see USDT making higher highs and higher lows in the last several weeks as well as breaking out of and retesting of The Line…I think if we close weekly candle above the line we can expect a rise in USDT Dominance in short term…
Lets see how its gonna work out.
Always a Student.
Bitcoin might have one more little surprise in storeThe whole market is definitely printing signs of topping structure as well as the fact that a myriad of black swan conditions is facing the economy right now. However, Tether dominance is showing that there may be a short term move up for BTC as Tether dominance has rejected it's top trend in a bear flag.
Long-term trend support on the linear has long been the limit for BTC topping out and could go back to that trend or potentially not quite that far so watch momentum oscillators. Also be aware that algorithms will sell off if the SPX and NDQ dump. Take entries with caution as we aren't far from a large correction in my opinion and I highly doubt that the long standing bottom trend will break, even though the USDT.D linear has never been under it's 200 EMA on the weekly time frame.
Remember, lower targets for USDT.D can't be ruled out but are highly unlikely. Considering the constant liquidity through Janet Yellen's issuance of treasuries, I wouldn't completely rule it out either.
USDT.D A Wider LookSome days ago i look into USDT.D in smaller TF and we make decent profit in the entire market from buying and selling in both perfect time. But today we are looking into a wider range which may take weeks to play out. Ideally any dip from now is worth buying because market is signaling a reversal in my own opinion
Bearish divergence on $USDTD chartThis divergence may cause #usdtd #usdt dominance to weaken for a short time frame, thus #btc and #altcoins may have some bounces. Not financial advice.
Market update: Relief or more Dump?USDT dominance is currently hitting three major resistance levels:
1. 100 EMA (blue)
2. 50 SMA (red)
3. 8-month-old trendline resistance (blue)
This confluence of resistance makes this level crucial. Taking into account the channel breakdown and retest, a rejection seems more likely at the moment, suggesting a potential market relief rally.
Invalidation:- Close above the red zone.
dyor, nfa
Do hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
USDT DOMINANCE UPDATE (4H)From where we put a green arrow on the chart, it looks like a bearish triangle is forming on the chart.
Now we seem to be in wave E of this triangle.
In the red box, this E wave can end and we can witness the drop dominance tether.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
USDT.D A Closer Look 2nd UpdateWell you’re welcome. But after making this good profit on either spot or futures.. it is wise to start realizing those profit especially due to the recent USA inflation % lower today which might likely entice people to use more leverage and push the market..
USDT.D Can dose thatHi dear firends
i expect this path for USDT dominance and i think it has good correction
if its occure it can be good opportunity for BTC and Alts market .
its my personal idea and not a investing suggestion . please manage yor risk .:)
TnX
Let me explain the "USDT DOMINANCE" impulse wave perspectiveHello, friends. Nice to meet you
I'm going to tell you about the USDT domination that shows the direction of Bitcoin and Altcoin
Based on the impulse wave, we expect to be making 5 waves now, and we expect the target to reach 3.35% to 3%.
The waves look very pretty, and you can now trade by referring to this chart
Bitcoin and altcoins fall as usdt.d rises
Bitcoin and altcoins rise when usdt.d falls.
Make sure you remember
#USDT.DCRYPTOCAP:USDT.D This is a chart showing my expected outlook for the upcoming move
Do not take it as a recommendation to buy or sell
USDT.D :It has entered the supply zone, but today you want to open a position, reduce the risk and reduce the stop and make it smaller
Today, we can't get much entry from the Dominance Tether Trigger, the downward trend of the market is stronger, which means that the coins themselves give you a position more easily, especially a short position.
USDT.D A Closer Look updateIn an ideal world this should be an area where we can start buying some Good Altcoins like ETH, APT, BLZ, TIA and so on… but as you all know there’s always error sometimes in price action, that is why DCA is important. Back to the main topic, i do see this coming to reality and i marked two new areas where we should expect immediate reversal from there since we have already taken high of the range.
$USDT dominance is exhausting?#usdt #tether dominance chart about to have a parabola continuation but also made a bearish RSI divergence. If divergence plays out, #btc #eth #sol #bnb #xrp and #altcoins will have some bounces. Parabola continuation suffers the market. Not financial advice.
