The possibility of reducing the dominance of Tether (USDT.D)Due to the decrease in the momentum of the upward trend and the lack of formation of a higher peak, we can expect the chart to correct up to the range of 6.3 and 5.7.
USDT.D trade ideas
FALLING WEDGEfalling wedge may stretch and spike to the orange TL, around 6.8, then reverse to head back to the other side of the triangle...or it may continue down (bullish BTC) to cross the TL and work on the W1 HNS pattern. We'll see.
TRIANGLE, HNSIm seeing a HNS with a tgt of around 5.3 on the weekly. Wemay rach that Sept-Oct timeframe at the current pace. Possible rejection at the orange TL, but Im thinking continuation. If the apex of the triangle is a good forecast, we should consolisdate from this around Feb '24.
New changes are expected to begin in the near futureHello?
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(USDT chart)
(1D chart)
The possibility of major changes on the USDT chart is increasing.
When the Bollinger Bands (bollinger bands), which have seen the flow of the historical USDT chart, contracted and expanded, it has shown a large upward trend.
It is necessary to confirm whether this time it will show the same appearance as the previous flow.
If it does not, and it shows a decline below 81.839B, it is expected to create a new wave.
USDT is a fund that plays an important role in supporting the coin market.
Therefore, if USDT turns to a downtrend, it is very likely that the coin market will show a large downtrend, so it is necessary to keep an eye on it.
Currently, it is expected to show an upward trend like the previous trend.
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(USDC chart)
USDC also has a high market cap ranking.
Therefore, it can be seen that funds entering the coin market through USDC also play an important role.
However, if you look at the USDC chart, it continues to show a downward trend.
This downward trend can never be seen as having a good effect on the coin market.
Currently, there are not many trading pairs that can be traded with USDC itself.
Therefore, we have reasonable doubts that we are converting the funds that flowed into the coin market through USDC into USDT.
USDC believes that when a coin market investment product is launched on the stock market, it is operated with funds that maintain and manage (?) this investment product.
Therefore, we believe that a rise in the stock market is likely to lead to a fall in USDC.
In any case, it is clear that USDC is not yet having a significant impact on the coin market as a whole.
If the USDC market starts to be created on exchanges around the world, it is expected that USDC will also have an influence over the coin market.
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(BTC.D chart)
What you can tell from the BTC dominance chart is whether the money in the coin market is concentrated in BTC or altcoins.
Therefore, the rise in BTC dominance can be interpreted as meaning that funds are concentrated towards BTC.
If this movement continues, altcoins will gradually move sideways or decline.
BTC dominance is expected to pick up direction again in the 56.78-61.73 zone.
Therefore, if you are currently trading altcoins, a quick response is required from a short-term perspective.
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(USDT.D chart)
USDT has a USDT market formed on exchanges around the world.
As such, USDT has a great influence across the coin market.
In that sense, the movement of USDT dominance allows us to see the flow of the coin market.
Looking at the big picture right now, I would expect a major trend to form depending on which way the 6.21-8.25 area is deviating.
To do so, it is necessary to check what kind of movement is shown in the 6.85-7.27 section.
An increase in USDT dominance is likely to lead to a decline in the coin market.
Therefore, USDT dominance is, in a way, equivalent to the invert chart of the BTC chart.
However, since USDT is involved in the overall flow of the coin market, it is not necessarily related to the BTC chart.
Therefore, when viewing Market Cap charts (USDT, USDC, BTC.D, USDT.D, TOTAL, TOTAL2, OTHERS, etc.), you should look at several related charts together.
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To sum up,
I think the possibility of a new trend in the coin market is increasing due to changes in the USDT chart and changes in USDT dominance.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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USDT Dominance LoosingUpon multiple rejections on USDT.D and Volume in BTC.
BTC can rally up from 25300 to 37000
USDT.D :Open a long position below 7.27, open a short position above 7.35, but keep in mind that if it goes above 7.39, the market will fall badly.
USD vs CRYPTO : macro look, usdt.d in the mix, alt comparisonUSD vs CRYPTO : macro look, usdt.d in the mix, alt comparison
wow lot here but some clear ish macro trends.
seems either 1 of 2 spots, once again. see the flags.
1. dxy aint done. usd pumps to astronomical levels while btc does a big fake pump into huge dump as dxy blows off.
2. dxy is done, loses this key support and rolls over giving risk on assets like btc a huge pump. in this case a % comparison for ADA (i think a good example of 'ave top alt performance') against btc is shown from that bottom. choose your alt wisely, hodl, and ye shall be rewarded.
looking like 2. to me tbh but iam obviously biased.
would love to also see what macro patterns you see here? seeing something different?
gl
USDT.D:What does it hurt? The failure of 7.26 confirms that you should open a long position. After 7.39, there is a high probability that the market will fall. I will not buy shorts before this confirmation.
USDT.D:We have a very important resistance, 7.49 will come lower in the future, 7.39, if this fails, the market can collapse. That is a risky entry that altcoins can break.
Watching USDT tells us where BTC will goHaven't posted in a while, because I've been wrong a lot. But I wanted to put this tool out there. I try not to watch it closely, but USDT shows us a lot about BTC. My current narrative is BTC will top around 35k, which will push this down to the first forecasted position. From there, it's up for the rest of the year, meaning BTC bearish. I'm not sure we'll product a new low on BTCUSDT, but I don't think it'll be pretty.... so get ready to rock some shorts.
Never trading advice unless you like drawdown!
USDT.D Sorry I’ve been far away from the online world but I’m taking a different approach toward Altcoins henceforth and I’m confident we will win this bet.
Mid- to long-term trading strategy with Market Cap chartHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(USDT chart)
As USDT fell below the HA-High indicator on the 1D chart, the likelihood of further declines is increasing.
Therefore, the key is whether the gap can rise above the HA-High indicator on the 1D chart.
However, since the HA-High indicator on the 1W chart is formed at point 82959B, if USDT is maintained around 82.467B-82959B, the coin market is expected to maintain an upward trend.
USDT is a stablecoin that has a huge impact on the coin market.
Therefore, we believe that funds transferred through USDT play an important role in the volatility of the coin market.
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(USDC chart)
Looking at the 1M chart, it is down more than -50%.
Where did so much money go?
USDC is considered an active stable coin by making coins in the coin market into investment products in the stock market.
Therefore, funds using USDC can be understood as funds required to invest in or maintain investment products in the stock market.
Therefore, it is believed that funds are being moved to invest more in the stock market than the current coin market.
Therefore, it is believed that important funds are flowing out of the coin market in starting or maintaining the upward trend of the coin market.
As a result, I believe that the funds flowing into USDT are limiting or reducing the upward trend of the coin market.
No matter how it is, the coin market is expected to maintain an upward trend as long as the funds inflow through USDT are not withdrawn.
Therefore, you should focus on when to proceed with the purchase.
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(BTC.D chart)
BTC dominance is expected to rise around 56.78-61.73.
Accordingly, caution is required when trading altcoins.
An increase in BTC dominance means that funds are concentrated towards BTC.
Therefore, altcoins are more likely to move sideways or decline.
A drop below 50.49 is required to lead to an uptrend for the altcoin, and a drop to or below the 47.64-48.80 range will feel like an altcoin bull market.
In any case, BTC dominance will rise around 56.78-61.73, so it is better to trade the uptrend of these altcoins in the short term.
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(USDT.D chart)
We entered the important section, the 6.85-7.27 section.
Accordingly, it is necessary to see if it can fall below 6.85 by the start of the volatility period around July 5th.
A drop in USDT dominance means an uptrend in the coin market.
This uptrend represents an overall uptrend in the coin market, so it is usually expected that BTC or ETH will show an uptrend.
The most important thing to look at on the USDT dominance chart is whether it falls below 6.21 or rises above 8.25.
If it does not break out of the 6.21-8.25 zone, the coin market is expected to continue sideways.
These sideways are what you'll see when you look at the big picture.
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Since the amount of money (USDT, USDC) supporting the coin market is moving in the opposite direction, in this situation, I think it is better to consider the trading period larger than mid- to long-term rather than short-term trading.
Looking at the coin market from a mid- to long-term perspective, it can be divided based on BTC 29K.
When BTC is below 29K, you should focus on buying BTC or ETH from a mid- to long-term perspective.
And, proceed with the 1st purchase of altcoins to be held in the mid- to long-term.
If it rises above BTC 29K, you should focus on finding time to split and sell BTC or ETH by buying below BTC 29K.
Therefore, you can split the sale when the rate of return per purchase unit price is 30% or more, or split the sale when the rate of return is 100%.
The timing of such split selling can be set according to your investment style, and you may not sell splits.
However, if it rises above 32K, the range of fluctuation is expected to be large, so it is recommended to proceed with split selling because no matter how profitable you are, if your psychological state becomes excited, you may proceed with a wrong transaction.
When an altcoin rises above BTC 32K, you should start looking for the timing of the second purchase of the altcoin you bought the first time.
If you have not made the first purchase, you need to find the time to buy the altcoin to buy in the 29K-32K section.
Since the second buying period of Altcoins is around BTC 43K, you can proceed slowly with split buying.
When BTC rises above 43K or shows support by touching the HA-High indicator on the 1M chart, we proceed to buy all the coins we have in earnest.
This full-fledged purchase refers to the purchase with the remaining funds minus the reserve surplus funds.
A reserve fund should be set aside between 10% and 20% of the total investment.
This is because the psychological pressure caused by price fluctuations after purchase can be relieved to some extent.
Coins (tokens) bought in this way can be sold when BTC rises to around 81K.
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- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
81K-95K is the range we expect to touch in the next bull market.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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usdt dominanceCRYPTOCAP:USDT.D about usdt dominance i think we will see this pattern in futere. this is not a signal but just i shared my mind, whats your mind about it?
Tether dominance statusTether dominance status
According to the chart and the levels of support and resistance and the descending channel, if it crosses the yellow support in the 12-hour time frame, it can continue to the green support. In this case, we will witness the growth of digital currencies (more altcoins) to the same extent (approximately).
USDT.DDisclaimer
High Risk Investment
Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form.
A qualified professional should be consulted before making any financial decisions.
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USDT Dominance analysis for today.Hello Everyone! I want share my idea about USDT Dominance.
When Bitcoin price stuck middle of consolidation USD Dominance is at support LVL. Here we need to be careful because we don't know what will be next move.
In my opinion This support is not strong enough for rise dominance from here. I think USDT.D will brake that support and if it will brake support we will see Bitcoin price another bullish scene.
BUT MY I WILL FIND ONLY POINT FOR ENTER SHORT POSITION BECAUSE TREND IS BEARISH!!!
Here is my 2 scene what we will see.
1 Bullish scene - price brake 7.42% level retest it and going again up with brake another resistances.
2 Bearish scene - Price brake support at 7.10% which in my opinion is weak, then coming back for retest it and going strong down.
Be Patient!!!
We will see soon what can Bitcoin!!!
USDT.D:If Dominance Tether suffers, altcoins will be corrected, open a short position after 7.16, then go below 7.11 and open a long position.
#USDT DOMINANCE breakdown this bearish flag pattern!USDT DOMINANCE UPDATE
USDT dominance breaks down this bearish flag pattern in a 2hr timeframe.
we are expecting a good drop according to the pattern and if it's goes as expected then we see some good bounce on BTC and then ALTS.
stay tuned
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