Bad For BitcoinUSDT.D has to stay under the 200 EMA or major correction inbound. RSI on high TF's looking extremely bearish for BTC so any manipulation to higher short liquidity will happen on the hourly TFs and under.
USDT.D trade ideas
USDT.D viewTether is forming a chart with a huge trend line
You can see that by looking at the chart right above
This has never been broken since Tether formed
And Tether has an inverse relationship with BTC
If you look LTF chart
you can see the channel and leading diagonal
like this
and supported on 61.8% retracement
you can see the box area and the place where it explodes is the direction
if USDT.D go down
red zone will be the good support zone
Anyway, we have to respond with an upward perspective
USDT.D analysis - June 10 2024Followed previous analysis (May 27) and another retest of the 4.5% - 4.6% area took place. but the subsequent drop failed to create a new low below 4.33% level (due to the recent NFP data)!
here's the new analysis:
two important levels have been identified which are 4.33% and 4.63% .
Crossing below 4.33% is bullish for #BTC and other coins while crossing above 4.63% is bearish for the market (identified by color Red).
Scenario with higher possibility:
#USDT.D is about to break the blue channel from above. Once done , crossing above 4.63% - 4.67% will probably activate the target area of 4.82% - 4.96% (which can cause BTC to dump towards 62K-63K zone)
under no circumstances should it cross above 5.11% level as it can damage market's bullish structure! #CRYPTO
Here's the next good short on a platterThe trend support on USDT.D linear weekly has been the top indicator for BTC for 15 years. However, USDT.D has never been under it's 200 EMA on this TF before so proceed with caution. It's highly unlikely we break this trend and EMA's are lagging indicators but TA is an if/then proposition so use stop losses wisely. If it breaks I guess Tether dominance going to 0% and moonbois will be losing their minds...LOL
USDT.D A closer lookUSDT dominance is one of the best tools out there far better than USD dollar index (USDX) and it appear we will see more red than people would expect.. but after all we will see good rally in Altcoins but for now i expect little consolidation and little more downside on altcoins
USDT.D :We will go to the game with him for a hundred to a hundred and twenty days
Just because I don't do business is not a reason why you shouldn't
Below 4.51 I open a long position and above 4.55 I open a short position
USDT.D / Move downFor Tether , I expect a strong corrective movement in the next few days, which will pump Bitcoin and altcoins.
#btc
#usdt
BTC to bring all time high before any serious dump....based what i see on usdt pairs i think BTC will break ATH and then dump seriously,
Tether Dominance before Breakdown - CRYPTO WILL RISEHello guys,
as you know if people get into more tether, the tether dominance in the market rises.
We have now confirmed the breakdown, fasten your seatbelts a major push for crypto is coming.!
Tapping In
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this
professional advice.
USDT.D EXPECTED FALL TILL 4%Expected fall till volume zone. Investors are becoming more confident in other cryptocurrencies and are willing to move away from the safety of USDT. This could indicate bullish sentiment in the market.
Full analysis of Dominance Tether ( USDT.D )We are at the most important time bullran of Bitcoin and crypto market.
We have now reached the bottom of the descending channel and the most important Tether trend line (we were with this trend line from December 2017 to November 2021).
If the bottom of the channel breaks and reaches the trend, Dominance Tether will fall by 11% and a strong fomo will form, the price of Bitcoin will reach 70~89 thousand dollars, then we will see a sharp correction of the market after the halving. (unmodified
bullran is very dangerous and fragile).
But if the bottom of the channel is not broken, dominance will reach the range of 5.5%, as a result, the whole market will undergo a severe correction and the upward trend of the market will remain for the next halving.
Market correction can be done with strange and unexpected news.
The most important market days are March 11 and May 11 (white dotted line).
Be very careful in transactions, especially setting stop loss, in these 2 months whales and exchanges will be more active to get liquidity and stop hunters.
USDT dominance is bearishIt has a bear structure.
USDT dominance has created a resistance line and a supply range.
It was expected to drop from the supply range towards the TPs
The TPs are clear in the chart.
Closing a 4-hour candle above the invalidation level violates the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
USDT.D :Open a short position after 4.59, open a long position below 4.51. I prefer to get confirmation from Dominance Tether in four hours.
USDT.D Update - May 27 2024USDT Dominance chart has followed previous analysis (May 21) and there was a retest of 4.60% area as predicted.
New analysis suggests that there might be another retest of 4.5% - 4.6% zone in which the yellow trendline is touched again. if this scenario takes place, we will see another dump in the market.
