Deeper Waters for SOL?COINBASE:SOLUSD
There is a lot to cover in this chart layout.
I have decide to publish a new idea for SOL. Seeing how it has been reacting the USDT.D pumps, It may retrace deeper than I originally anticipated.
While the market moves in inverted correlation to USDT.D, this is a useful chart to help determine critical pivots in crypto assets. So I have USDT.D chart pulled up on the bottom and SOL above it.
SOL’s correctional phase from March to August 2024 was a -47% pull back from it’s high to the low in that area. Compared to USDT.D at that time; which bolted on +78%.
Now SOL is showing signs of fear and weakness. Noticing how much pull back there has been for SOL; and USDT.D has only increased 32% since December; This suggests that there may deeper areas for retracement for SOL if USDT.D continues to move on up.
However this only applies if USDT.D makes it to my targeted area ( 1:0.618 ) as mentioned in my previous USDT.D post. ( )
If USDT.D does in fact reach my target; It’s looking like a possible 1:1.618 3 Wave correction could be in the playbook for SOL. Which would bring it slightly under its previous low from August 2024.
But its moments like these that shake out weak hands and instill fear before the major rally begins. And the Trend based Fib tool suggests that this moment could begin between March and April.
Good Luck!
USDT.D trade ideas
USDT.D update - Feb 24 2025We were previously expecting a drop (price correction) in USDT dominance. But the drop did not fully unfold and instead USDT.D spent days forming a trading range instead (time correction).
The thing that can be seen by checking USDT.D chart is that a continuation pattern has been completed and an upward move is underway (crossing above 4.7% zone). this means more dump in the entire market.
USDT.D Plan & Market ExpectationsMarket Outlook:
Current expectation: Taking out the fractal high with a confirmed impulse via a new 1D FVG formation.
If no 1D FVG forms, there’s a high probability of testing the higher fractal high at 4.96%, which would be bearish for BTC & alts.
However, there are currently no clear signs of a move toward 4.96%.
Preferred Scenario – Bearish Continuation
Higher probability for impulse decline → Price already tested local support inside the current range.
Targeting:
1W FVG – First major liquidity area for a reaction.
1W RB – If 1W FVG breaks, expect further downside here.
Rebound Scenario & Risk Management
From 1W FVG & 1W RB: Expect bounces.
If no new SNR or 1D FVG forms during the bounce, the decline will likely continue toward new local lows.
If new variables (SNR / 1D FVG) appear, reassess for potential reversal.
Bearish Invalidation – Bullish Risk
If USDT.D breaks 4.96%, market conditions turn negative for BTC & alts.
No strong indications yet, but must monitor for confirmation or rejection.
USDT.D suggesting USDT.D chart with recent BTC price action overlay suggests that bears have taken control. Prior to Yesterday's bybit hack we seemed to have been on track for a bullish recovery from 94k to 102-108k. However, the hack seems to have given the bears the push they needed to tip the scale.
USDT Dominance UpdateIf USDT.D rejects from here, we will see a new all-time high for BTC. In the past, USDT.D maintained strong support at around 3.78% and is currently showing rejection from the resistance level.
A rejection from the current level to the support will be around 14%, which should be sufficient for BTC to reach a new all-time high.
On the other hand, the pattern is also close to a double-bottom, which suggests a breakout and retest.
After analyzing both BTC and USDT.D side by side, I am leaning more toward the rally. However, keeping the odds in mind, I will maintain the $90k-$94k support for BTC and make a precise investment.
Please do your own research and analysis before investing. This is not financial advice.
The Clues are in USDT.DCRYPTOCAP:TOTAL CRYPTOCAP:OTHERS CRYPTOCAP:TOTALDEFI CRYPTOCAP:TOTAL3 CRYPTOCAP:TOTAL2
According to the USDT.D chart; It is safe to say that back in November 2021 was a major pivot point for TOTAL crypto chart. The clue in the USDT.D chart was the doji candle that formed at the 1:0.618 GW 3 wave correction overshoot.
There is so much to say in this chart that explains major pivots in TOTAL (Layered in purple line graph). But I will focus on the present (nearly completed) 3 wave correction.
I say we would be game on for a 1:0.618 GW retracement; this would indicate some more correction in the overall market before continuing up. But we are currently fighting with September 2020 resistance. SO this is not guaranteed.
BUT if we do, I will be looking for wicks (shooting stars) through the 200 SMA (maroon ribbon).
Once complete; this 3 wave correction suggests a continuation pattern to the down side for USDT.D. When that continuation starts, TOTAL will be making the next major wave up.
I have specified a target, as this area has major support. But It could do something different.
With that said, hold on to your hats because this TA suggests that it’s going to get wild soon!
Good Luck Traders!
Note: USDT.D is currently printing underneath the 200 SMA; First time in history…👀
- Not Financial Advice -
Cyclical Fibonacci Moves Past, Present and maybe FutureThe positive slope trend line that USDT.D has mostly always held has broken. It is also useful to view the USDT.D chart through the lens of horizontal support and resistance.
Last cycle there were seasonal moves by USDT.D that spanned 2 fibonacci intervals, before going for all time highs at the end of the crypto market cycle. In the current cycle the pattern has been repeated, albeit with less time spent at the lower end of the range.
USDT Dominance Weekly Chart Analysis !!The chart shows USDTDominance in the Ukrainian market for several years, indicating distinct trends and patterns.
Trend Line Support:
A visible upward significant line has been established since 2021. This suggests a fundamental base level from which USDT dominance has historically bounced back.
Heads & Shoulders Pattern:
The chart item includes the Heads & Shoulders number, indicating a bearish reversal pattern. This means the upward momentum may slow down, and a downward shift may occur.
Current Dominance Level:
The current level of around 4.53% is significant. A break below this level and a decline may occur, possibly targeting the projected supported area around 2.00% in the long term.
Take a look at the support and resistance separation on the chart. The interaction between Trend Travelers and Heads & Shoulders Trend Travelers will be important in predicting the future of USDT dominance. Anticipating a downward movement may be prudent,
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
USDT.DOMINANCE CHART UPDATE !! USDT dominance chart on the 4H time frame is trading within a rising channel. Currently, it is approaching the upper resistance of this channel near 4.8%.
If USDT dominance continues to rise, it could signal an increase in risk-off sentiment in the crypto market, as traders may move funds into stablecoins. Rejection from the upper trendline could lead to a pullback towards the mid-range (around 4.2%) or even the lower trendline near 3.8%, which would be more bullish for altcoins and Bitcoin.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
USDT.D WEEKLY CHARTCRYPTOCAP:USDT.D
USDT.D Break the uptrend line with a retest.
It is now important to break the 3.68% area to confirm the decline and in case of a support break we will have target areas and the first area at 2.5% .
The USDT dominance path and the market path are inversely related, so a decline in dominance is good for the currencies.
WAITING ..
Be ready for alt season ! in weekly timeframe we expect dropping into lower prices down to the Sellside liquidity
in 4H and 1H timeframe we have too many consolidations
in other way in BTC.D we can expect that market maker gonna sell BTC.D this means we will have bullish scenario in ALT coins
Daily Timeframe
USDT Dominance Chart (Bearish)The opposite of BTC & Crypto Charts, USDT. D is currently sitting on supply, weakend while the DXY & USDCAD also showing weakness. I expect this to fall further down towards demand, this shows a great buying opportunity for Crypto & Bitcoin. Will update the chart as we approach the demand.
Usdt.D to get smashed For me , usdt.d is the most annoying chart out there , uncontrollably volatile but soon it’ll be out of importance as it’s dominance set to fall around 1% . This is the only sensible way in order to get a nice smooth bullrun , now the circle I did draw in my idea is the peak and it should start to fall from where is it till the mid April, we gonna have a correction there but not a vile one and be going up again till October or November, stay safe fam .