USDT DOM chartUsdt dominance in resistance now, now ready to turn back 4$ levels
it means that btc to 70-75k right now
lets see what happens in a month
USDT.D trade ideas
USDT DominanceCan we expect such price action for USDT dominance? If so, it's likely that Bitcoin dominance will also continue its uptrend. In that case, altcoins will likely experience a significant downturn.
Daminans USDTGood time
According to the previous analysis, Dominance Tether was touched in the resistance range and tries to break it. If it succeeds in breaking the resistance, it will be next to the specified range
And Bitcoin will correct up to the range of 52000 to 56000
good luck
Daminans USDTGood time
According to the previous analysis, Dominance Tether was touched in the resistance range and tries to break it. If it succeeds in breaking the resistance, it will be next to the specified range
And Bitcoin will correct up to the range of 52000 to 56000
good luck
USDT.DIn the previous analysis, as expected, an ascending log was formed in the form of wave B.
If this analysis is correct
You can wait for the fall of dominance and therefore the possibility of an upward trend in the cryptocurrency market.
$USDT Dominance' s 2 Way#usdt #tether dominance chart may follow these two path. Ascending channel is on the play since 13th March 2024 (Mid term)
Bitcoin and USDT Dominance Compare IYou can use this chart to predict the price of Bitcoin by comparing it to USDT dominance.
When USDT dominance shows signs of increasing, Bitcoin will undergo a correction.
Analysis of Tether's dominance in history 2024/05/09According to the previous analysis of Dominance Tether
It showed a small reaction to the red range and continued the trend
And because there was a cap above the red range, it quickly reached the yellow range
USDT.DDominance analysis of the daily time frame
By analyzing the dominance of Tether, we can have a better view of the movement of Bitcoin.
BEARISH WHITE-SWAN HARMONIC PATTERN ON USDT.D#USDT.D is printing a bearish trend continuation, white-swan harmonic pattern on the daily.
To be noted however is that the price has an upward move towards 6.2-6.5% zone before trend continuation.
This means that the market might keep bleeding for now📉
USDT.DDominance Tether bounced back higher after hitting the support zone
The red range is the dominance resistance, which goes up in case of Sharp's failure
In this move, Sharp Bitcoin reaches the range of 52000
USDT.DUSDT Dominance has apparently completed its downward movement in the 4-hour time frame.. which has been completed in the form of an impulse that can be considered wave A or 1.. which of course we have named wave A for now..
In the following, an upward phase can be completed in the form of wave B. Based on this, we can expect growth up to 5% and even higher levels. Time 4 hours..
Forecast USDT DominanceUSDT dominance is undergoing a retest following a 5.38% increase. Currently, the retest stands at 4.7%, which is likely to influence a correction in BTC. The next potential increase in USDT.D is projected to be around 5.08%.
USDT Dominance just failed and doing BTC a huge favor!On this chart we see a major development on the USDT Dominance (USDT.D). It formed its first ever Death Cross on the 5D time-frame, with the MA200 (orange trend-line) turning into Resistance since the start of February.
That has never happened in its history and as you can see, when USDT.D declines, Bitcoin (black trend-line) rallies, which has been doing so aggressively since early October 2023.
This is a sign that the current rally on BTCUSD might be far from over and if anything can even be much more aggressively than we initially thought.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
usdt.DIn my opinion, Dominance Tether is a little tired and should implement one of the three plans I have considered for it. It is possible to implement a part of each plan.
USDT.D 4H analysis - May 04 2024it's logical and wise to assume that USDT dominance might face some support in 4.8% area followed by a small rise which shall cause some small correction/dump in BTC and the market. of course the other scenario is that 4.8% area breaks and USDT.D drops to next level of support (4.6%).
USDT.D 12H update - May 04 2024USDT dominance perfectly followed May 01 analysis and started to drop from 5.4% area which resulted in a good pump in BTC and the market.
ALERT :Tether Dominance Falls and Enters DowntrendTether Dominance Falls and Enters Downtrend: Potential Boost for Bitcoin and Other Cryptocurrencies
Key Points:
Tether dominance has fallen and re-entered a downtrend.
This could lead to an increase in the price of Bitcoin and other cryptocurrencies.
If you have any short or sell trades, it may be best to exit as soon as possible.
Tweet:
Tether dominance falls and enters downtrend, potentially boosting Bitcoin and other cryptocurrencies. Exit short or sell trades ASAP! #Bitcoin #Crypto #Tether
Explanation:
Tether dominance: This refers to the percentage of the total cryptocurrency market capitalization that is held by Tether (USDT). A decrease in Tether dominance suggests that investors are moving their money into other cryptocurrencies, which could put upward pressure on their prices.
Downtrend: A downtrend is a technical analysis pattern that indicates that the price of an asset is likely to continue falling.
Short or sell trades: Short sellers borrow an asset and sell it with the expectation that they can buy it back at a lower price in the future. Sell traders simply sell an asset that they already own.
Exit short or sell trades: This means closing out your short or sell positions to avoid potential losses.
