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Market Cap USDT Dominance, %Market Cap USDT Dominance, %Market Cap USDT Dominance, %

Market Cap USDT Dominance, %

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USDT.D trade ideas

USDT.D Analysis (8H) - June 29 2024During last week, the dump in BTC and the market, which was the result of Mt. Gox news, German Gov. selling BTC and war rumors, unfortunately caused USDT.D to cross above 5.11% level and market's bullish structure might have been affected, but there's still hope! as it can be seen on the chart, USDT.D is currently in a critical zone: in order to see green days and nice pumps in Crypto again, two things must happen: 1- USDT.D breaking below the indicated trendline 2- USDT.D crossing below 4.70% zone Otherwise, Crossing above 5.41% means BTC will drop below 56,500 low and there will probably be in intense sell pressure in the market and the possible targets for BTC shall be 50,000 zone and then 42,000 zone (the process of hitting 42,000 might take some 3-6 months to complete!) As mentioned above, there's still hope but we need to be careful as well! #BTC #Bitcoin #Crypto
CRYPTOCAP:USDT.D
by AlgoBotTrading
USDT DOMINANCE, shifting to the downside after almost 10 years!The market cap USDT dominance can be used to track the overall sentiment in the cryptocurrency market. When the dominance is high, it means that investors are more interested in holding Tether than other cryptocurrencies. This could be a sign that investors are worried about the volatility of the cryptocurrency market and are looking for a more stable investment. Conversely, when the dominance is low, it means that investors are more interested in holding other cryptocurrencies. This could be a sign that investors are more confident in the future of the cryptocurrency market and are willing to take on more risk. Based on our long term data metrics, USDT dominance index has shifted to the downside for the first time in almost a decade! This index has been tracked since January 2015, and it's the first time this has down shifted on it's annual trendline. This major change in structure is already conveying the growth possibilities in the next few years going forward -- more crypto adoption, more wealth allocation for the crypto market and crypto becoming more and more mainstream in the general public in all shapes and forms even in lower tier countries. This is also an indication of an exponential growth of the market in terms of valuation and growth in the next years ahead. This chart should already give you an idea of the possibilities ahead. It also means, that we're lucky to be in this era to have been witnessing this BIG SHIFT. USDT.D spotted at 4.78% TAYOR.
CRYPTOCAP:USDT.DLong
by JSAL
5
Bitcoin Market Update - June 24, 2024Bitcoin's Weekly Candle closed bearish, opening at $66,676.88 and closing at $63,210.01 - a decline of -5.20%. This is Bitcoin's second negative close in a row. Bitcoin Weekly Chart w/ Indicators Volume Profile Analysis shows that Bitcoin has reached the bottom zone of the High-Volume Node we have been ranging in since achieving a new All-Time High in March. A Low-Volume Node lies below us, stretching from approximately $60,823 to $52,581. As we have seen many times, price moves quickly through Low-Volume Nodes to seek liquidity in High-Volume Nodes. Thus, a descent into the LVN would shatter any expectations of support until the $52,000 zone. There are small bumps within the Volume Profile, giving potential Take Profit Targets for short positions or potential bounce zones for quick counter-trend Longs at $59,210 and $57,025. Price is currently testing the Weekly 21EMA, which served as Support on our last encounter with it the week of April 29th. Following that test, Bitcoin was able to rally approximately 27% to form a higher low within the range. The Weekly Volume Delta Indicator also shows that while Sell Volume has been and is still dominant, that Delta is decreasing, meaning that Buys were more prominent last week than the week prior. With a fresh weekly candle, this is a metric I will watch closely to gauge the potential for a reversal in price. Bitcoin 3D Chart Bitcoin's 3D chart gives us more clarity. Volume Delta has increased over the last three candles, culminating with the highest sell pressure we've seen in over a week. This occurs as we test the 3D 55EMA, which similar to the Weekly 21EMA, resulted in a 27% bounce the last time we came close. 3D Time Transformation is very close to the oversold level, and we are lower than the last registered low of TT on this timeframe back in January of 2024, which was the bottom of the Opening Year Slump. High sell volume coming into an area of Support often results in temporary reversal of price. Bitcoin Daily Chart The Daily Chart shows us in very close proximity to the 200 DEMA, a level that has not been tested at all this Bull Run. Volume Delta shows overwhelming sell pressure that we have not seen since the last "bottom" on May 01 of this year, which again, resulted in a 27% bounce. Time Transformation is oversold to a degree that we have not seen since the previous Market Cycle Bottom in August of 2023. Bitcoin 4H Chart Moving down to the 4H Chart, relevant points are that Time Transformation is oversold, and the previous 4H candle registered such high sell volume that we haven't seen since June 07, which was the Bearish Engulfing candle that began this current downwards trend. Tether Dominance Chart Moving to USDT Dominance, we can see that on the Weekly Chart, USDT Dominance is in the process of confirming a Double-Bottom (higher low) or W Pattern, if this Weekly Candle closes at the same price of higher, that will be a successful close above the neckline, and potentially a close back above the 200 WEMA as well. This successful completion would move USDT Dominance back up to 6.0-6.5% of the total crypto market cap, and serve as a much broader warning for a more-pronounced market correction. Bitcoin Exchange Flow cdn.prod.website-files.com Looking at Exchange Flow, we can see that last week Exchange Inflows dominated, however they decreased in strength as the downtrend progressed. Saturday witnessed a net outflow of Bitcoin, and Sunday saw a very mild inflow of Bitcoin to exchanges. Bitcoin Miner Net Position Change cdn.prod.website-files.com Miners are still selling, however they have begun to decrease their selling volume. This trend has historically led to short-term reversals in Bitcoin's price. Bitcoin HODLer Cohort Net Position Change cdn.prod.website-files.com The HODLer cohort is also selling, and this trend has not slowed. Conclusion In conclusion, although short-term price action indicates we have reached an important level of support where selling pressure seems to have reached a climax, there is insufficient buying pressure from the HODLer cohort or clear signs of bullish conviction to justify spot entries into Bitcoin at this point. Investors should continue to sit in cash, and await more lucrative buying opportunities, and traders should wait for more clear signs of a potential reversal before entering long positions.
CRYPTOCAP:USDT.D
by CrackingCryptocurrency
USDT Dominance - -BTC TOPS vs OTHERS TOPSThe Bitcoin top happens when USDT dominance reaches a bottom and hits a resistance. If you look at the top for altcoins (OTHERS), they happened on average 1 month after the Bitcoin top. The altcoin season happens when USDT dominance ranges sideways. IMO, USDT dominance will crash from late July until Oct/Nov 2024. From 5.5% to 2.5%. That will be glorious for BTC! The true Altcoin season will happen during the month following. But all your alts should already have risen quite a bit! TIMING IS EVERYTHING! When you see the USDT dominance crash, pay attention to resistance levels. When the chart looks like a bottom, add 20-30 days before selling all your crypto!
CRYPTOCAP:USDT.DShort
by brian7683
#USDT DOMINANCE ANALYSIS USDT.D has broken through both the sym#USDT DOMINANCE ANALYSIS USDT.D has broken through both the symmetrical triangle and the Ichimoku cloud resistance, and it is currently trading above the triangle. If it manages to break above the horizontal resistance zone and retests this level successfully, we could observe an upward movement in USDT.D. Conversely, there is a possibility that it may face rejection from the horizontal resistance zone. It is crucial to understand that the movement of USDT.D is inversely proportional to the crypto market, meaning that an increase in USDT.D typically corresponds with a decline in the broader cryptocurrency market. Therefore, monitoring these resistance levels and their corresponding reactions is essential for predicting future market trends.
CRYPTOCAP:USDT.DLong
by CryptoSkullSignal
USDT Dominance Rises, Bitcoin Declines, and Vice VersaHard to believe that BTC has reached its top and will have a strong retrace downward. When USDT dominance goes down, BTC goes up and vice versa. Right now, USDT dominance has reached a resistance trend line and tagged a previous low. A retrace for USDT dominance to the upside is very likely, which means Bitcoin is going to dump, and with it, all the altcoins. As soon as USDT dominance reaches the upper trend line that serves as resistance, it is time to invest in Bitcoin again (not financial advice).
CRYPTOCAP:USDT.DLong
by Val-the_vagrant_Surfer