USDT.D trade ideas
USDT Dominance (1H) and possibility of a riseAnalysis on USDT.D chart (1H) suggests that a falling wedge pattern is being formed(other confluences such as divergence also hint at this pattern). if confirmed (breakout from above the pattern), market can dump for a day or two. Remember that a rise in USDT.D means a dump in the BTC and the crypto market. if the pattern fails, the current pump in coins shall continue with a stronger momentum. possible tp levels: 4.74% - 4.84% - 4.88% - 4.94%
USDT.D heading back in positionUSDT.D is currently moving out of the channel from it's bottom towards the 200 daily ema. After a retest it should continue upwards to reach the peak somewhere in June/July this year.
From that point on we could see a new wave with the presidential elections 2024 in stock market and btc.
#USDTD 's bounce?#tether dominance chart is now on the ichimoku cloud support. Breaking this support will move #usdt dom. to lower orange box (Retest zone).This move will be good for #bitcoin #eth #sol #bnb #doge and all #altcoins .
If #usdtdom bounces here and continues rally, #btc and all #altcoins will suffer. Not financial advice.
USDT.D USDT Dominance 1DGuys pay attention to the USDT dominance. Will #BTC retest the Critical Support Zone again?
USDT.D is holding the support zone. We must wait for the daily candle to close. If it is closed above the support zone, it can go higher, which means we may have a correction for the #BTC and Altcoins. We need to wait to get some confirmation.
USDT DOMINANCE UPDATE (1D)First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT .
Note that the time frame is daily and time consuming.
It has reached a support and reacted.
It is expected to move up to the supply range and then drop again to the low demand.
It is expected that the high liquidity pools will be swept first and then the low liquidity pools. We have shown liquidity pools on the chart in $$$.
Hidden Divergence to decline the price of USDT.DHello
As you see in the chart there is negative hidden divergence in USDT.D and everything is prepared for a dump in USDT.D which will cause a severe pump in crypto specially in the altcoins that have been straggled from market pumps
What do you think?