#USDT.D 6H Chart
USDT dominance is still ranging inside the 12h breaker zone. It is expected to move down and tap into the 7h demand zone around 5.5% before potentially moving up again.
USDT.D trade ideas
Big warningConsidering the inverse relationship of this graph with the growth of cryptocurrency, the market will probably enter a strong corrective phase.
Idea For USDT.dim looking for a correction in USDT dominnace
Its a good oputiunity For Looks On ALTs And BTC
It's Only my Idea
please becareful and manage your risk
USDT Dominance Breakdown: 20% Potential DropThe breakdown from the descending triangle pattern is indicative of a potential shift in market dynamics. Currently, the dominance is aligning with the established pattern, suggesting a continuation of this trend.
From a technical standpoint, the observed breakdown implies a possible decrease of approximately 20% from the current position. This projection is based on the historical performance of the descending triangle pattern and the associated technical analysis.
Investors and market participants are advised to stay tuned for further updates as the situation unfolds. Monitoring the ongoing developments in USDT dominance will provide valuable insights into the broader cryptocurrency market trends and potential trading opportunities. It's essential to remain vigilant and adapt strategies accordingly in response to market dynamics.
Stay tuned for further updates; I will continue to provide information as the situation develops.
USDT.D | Dominance USDT | BE CAREFUL! What we can expect for the next step is another bearish move! This is USDT dominance rising. An increase in this dominance means more traders converting their cryptocurrencies to USDT, which indicates a bearish trend for the entire market.
Be careful!"
#USDT.D 7H Chart
USDT dominance moved up and reached the 7h supply zone around 6.05% where it got heavily rejected from and it is currently sitting on the 12h breaker zone. I expect it to retrace towards the 7h demand zone around 5.45% before continuing its upward movements.
USDT.D two paths but... The indicators now shows a downward move so I see the yellow path now and the dxy started to show some bearish signs
Usdt is facing a string resistance at 8.15, so we don't want it to close above 8.15 for 1d
Now the crypto markets is depending 100% in the etf news, let's see what happens next
All the best insha Allah!
USDT.D 1d update Since we are below 8.53% then the chart is still in play and we could see correction from USDT anytime soon.
Closing daily above the orange line, then this chart will be canceled.
On 8h chart, we could see bounce to the orange level or up to 8.73%. However, the daily chart is the key now to avoid any manipulations in the market!
All the best insha Allah!
USDT. D UpdateClosing below each red line will give us some bullish momentum for the whole crypto market
As expected earlier, the market became much better and rejected from the last high.
We will keep updating once we see some serious moves.
All the best insha Allah!
💡USDT.D Guiding Light 💡Before continuing the decline, we are prepared for a corrective price movement in the market. Please be cautious with your assets.
#USDT.D 6H Chart
USDT dominance had dropped and broke below the support area around 5.56% also breaking structure below the previous low. I expect to see some retracement to the upside towards the support/resistance flip before potentially continuing its overall bearish movements.
#USDT.D#USDT.D technical view:
#USDT.D resistance (red) and support (green) are marked in the image. It looks like the possible path that #USDT.D will take.The numbers of supports and resistances in the #square of nine #gann have an angle of 180 degrees and zero degrees
Will the #Bitcoin trend change?According to the divergence as well as the trend line, it seems that the specified area is the end of Tether's downward trend and the beginning of Bitcoin's downward trend.
Reaccumulation scenarion for Usdt.dominance usd.dominance is now near to close PhaseB .made Stb posible it ll move to up forword the crypto drop again so i am expecting start of the february and march 2024 ll be our Bull run for Cryto
we are near the top of Btcusdt and other crypto ..
january crypto crash
february and march short time
Usdt.dHello friends, do you think it's time for the market to take a fundamental shake, I saw this and the bottom of the channel is not far away, always buy with caution, I think the market will turn green. Good luck
USDT_1DHello.
Analysis of Dominance Tether in the medium term is the possibility of completion of 5 descending waves, and with the breaking of the upward trend line, we can witness an upward correction.
⚠️Declining USDT dominance !USDT.D index broke below descending triangle support
Successful retest below triangle support would confirm breakdown and bearish signal📉
Declining USDT dominance typically bullish for crypto markets due to inverse relationship📝
🤑Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
The Perfect Short Squeeze SetupFirstly Id like to not that USDT.D and BTC are highly inversely correlated (USDT.D down = BTC up).
Here we have a clear symmetrical triangle. Typically, symmetrical triangles have false breakouts opposite intended direction. The main takeaway here is the false breakout to the upside. Upon that breakout we wait for a move back into the triangle. If USDT.D falls below the horizontal yellow line, I suspect a much larger move to follow. If this is the case, BTC and all of crypto are in for a couple green months. BIG green months. Happy trading all.
Side note; Long doge from 0.06
USDT.D vs BTC fractalComparison with the BTC fractal from May-July 2021.
The BTC fractal is from the daily timeframe.
Let's see if it comes back above 5.63%.
USDT Dominance. I am bullish!!! Good for BTC trades!!!Hello everyone. i want share my idea about USDT Dominance.
After bitcoin bullish movement at USDT Dominance we had revers strong bearish movement, which broke easy some supports without test it, but at least we got some strong rejection at weekly support. First touch was strong revers movement which test twice 4h resistance and we got movement from 6.10% to 5.60% ( weekly support) at weekly support price stopped, if we look at price action its coming reverse which mean, if we will get here trend change, bitcoin price will fall and we will get bearish trend, if bitcoin will start with bearish next year, its high probability to get next year bearish for bitcoin ( i shared my analysis at bitcoin where i am short). at this chart we have some interesting price at the moment, if we look at weekly or monthly timeframe we will see trend is still in uptrend and we can assume, it was correction and another high-low of trend. for that i made some scenes which i am waiting.
Scene 1 - price has stronger reaction second time when it touched to weekly support its going higher and brake resistances which is first 4h and second daily.
Scene 2 - price need another buyers for that it will make liquidity swing where new buyers will active and price will go higher, if we look at it now we had some liquidity swing where we got new buyers but if from here price will not start bullish trend i think another liquidity swing will be enough for active new buyers.
Scene 3 - i am wrong in this trade, sellers will brake that weekly support where will be not new buyers and trend will continue.
I will share in this posit my Bitcoin analysis which i think will hep you analysis better.
Always manage your own risk and make your own research!!!
USDT dominanceThe USDT dominance chart, therefore, emerges as a potent proxy for gauging the performance of stablecoins and providing valuable foresight into what the coming months may have in store for the market. The dominance chart holds the potential to unravel trends and patterns that might not be immediately apparent in individual metrics.
The recent divergence in stablecoin exchange inflow raises intriguing questions about the sustainability of buying pressure. To gain a more comprehensive understanding, a nuanced exploration through technical analysis, particularly focusing on the dominance chart of Tether (USDT), could unveil valuable insights and shed light on the potential shifts in the market landscape.
The USDT Dominance was in a steep decline. It has dropped from 8% on October 16 to 5.62% at press time. Furthermore, the 5.79% level, which was a support level approximately 18 months ago, has now become a resistance level.
The next long-term support to the south is at 4.9%. It is uncertain how much money could be added to the cryptocurrency market capitalization. However, altcoin investors should expect to take profits if USDT’s dominance falls below 4.9%.
The analysis of stablecoin metrics paints a comprehensive picture of the crypto market’s dynamics heading into Q1 2024. The bullish trends in various indicators, such as circulating supply, active addresses, and overall market capitalization, reflect a positive sentiment and growing confidence among investors. However, the recent divergence in stablecoin exchange inflow, coupled with the evolving landscape of USDT dominance, introduces nuanced considerations and potential challenges.
The downward trend in USDT dominance, sliding from 8% on October 16 to 5.62% at present, raises questions about the sustainability of buying pressure and indicates a shift in market dynamics. The transformation of the 5.79% level from historical support to resistance further underscores the evolving nature of stablecoin preferences. As the market navigates these changes, investors, particularly in altcoins, should closely monitor the potential test of the 4.9% support level, which could influence market reactions and prompt strategic decisions.
In navigating the crypto landscape for Q1 2024, the interplay of these factors underscores the importance of adaptability and informed decision-making. As the market continues to mature, staying abreast of evolving trends and leveraging insights from technical analysis will be essential for investors seeking to optimize their positions and capitalize on emerging opportunities. The dynamic nature of the crypto market invites a proactive approach, and strategic planning will be paramount for success in the coming months.
FAQ’s
**1. What are the key indicators suggesting a bullish trend in the crypto market for Q1 2024?**
The dominant factors pointing towards a bullish market include the surge in altcoin dominance, the rise in crypto market capitalization since September, and the notable increase in stablecoin metrics, reflecting heightened investor confidence.
**2. How has the circulating supply of stablecoins changed recently, and what does it imply for market dynamics?**
The circulating supply of ERC20 stablecoins has shown an uptick since mid-November, indicating increased usage. This surge in supply may be attributed to various factors such as staking for rewards, participation in DeFi platforms, or holding stablecoins in reserve.
**3. What is the significance of the drop in stablecoin exchange inflow after December 17th?**
The sudden decline in stablecoin exchange inflow, despite other metrics rising, raises questions about the sustainability of buying pressure. This divergence prompts a closer examination of market dynamics and potential shifts in investor sentiment.
**4. How does the technical analysis of USDT dominance provide insights into the stablecoin market?**
The USDT dominance chart reveals a strong downtrend, sliding from 8% on October 16 to 5.62% at present. The 5.79% level, previously a support, now acts as resistance. Technical analysis of USDT dominance serves as a valuable tool for understanding the performance of stablecoins and predicting future market trends.
**5. Why is the 4.9% level crucial in the context of USDT dominance, and how might it impact the crypto market capitalization?**
The 4.9% level is identified as the next long-term support for USDT dominance. A breach of this support could have implications for the broader crypto market capitalization. Understanding this level is essential for anticipating potential shifts and planning investment strategies.
**6. How does the performance of Tether (USDT) compare to other stablecoins, particularly in terms of market capitalization?**
Tether (USDT) stands out as the most popular stablecoin with a market capitalization significantly higher than other stablecoins. Its dominance chart provides insights into the overall performance of stablecoins and can serve as a proxy for predicting market trends in the coming months.
**7. How should altcoin investors interpret the trends in stablecoin dominance, especially in light of potential testing of the 4.9% level?**
Altcoin investors should closely monitor stablecoin dominance, especially if it approaches the critical 4.9% support level. A breach of this level could impact altcoin markets, prompting investors to consider profit-taking strategies and adapt their investment plans accordingly.
