USDT.D trade ideas
#USDT Dominance: Don't FOMO! Here's Why!A rejection on the daily chart has led to a strong performance in altcoins, while BTC is steadily approaching the $100K zone, currently sitting at $98K. A break below the blue EMA, which is being tested now, could result in further continuation.
However, a bounce might mark the end of this Christmas rally.
For those experiencing FOMO, it’s better to hold on and wait. Of course, you’re free to make your own decisions, but in my opinion, patience is the best approach.
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USDT.DOMINANCE UPDATE !The chart shows that USDT dominance is moving within a well-defined descending channel.
The price has recently moved closer to the upper boundary of the channel, marked by the orange resistance area around 4.60%.
4.60% (orange area): This resistance has rejected price action several times before, which suggests strong selling pressure.
Any failure to break above this level could result in another downward move.
4.00%–3.80% (green area): This is the crucial support area within the channel. A break below this could push dominance further down, potentially towards 3.60% or lower.
The surge in volume during previous rejections at the upper boundary suggests strong bearish momentum.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.
For updates on other coins or personalized insights, feel free to reach out via DM.
@Peter_CSAdmin
USDT.DI think wave 2 of 3 has been completed. I expect a drop and this drop will pump Bitcoin and the market. God is with those who are patient.
USDT IndexUSDT Index chart (monthly timeframe).
We need to wait until the end of December 2024 to see how the monthly candle closes.
Based on Elliott Wave theory, are we at the end of wave 4 and starting a bullish wave 5?"
Elliott Wave Analysis & Altcoin Market ImpactElliott Wave Analysis & Altcoin Market Impact 🌐
This analysis isn’t just about the current structure but also hints at the potential effects on the altcoin market:
1️⃣ Bitcoin Dominance Shift:
As the ABC correction unfolds, Bitcoin's price might see temporary weakness. Historically, such corrections often lead to altcoins gaining traction, as capital flows out of Bitcoin and into altcoins.
2️⃣ Altcoin Surge Post-Wave (C):
During Wave (B), altcoins could face short-term pressure as Bitcoin attempts a retracement.
However, during Wave (C), a sharp drop in Bitcoin could ignite a relief rally in altcoins, as traders shift their focus.
3️⃣ Key Levels for Altcoin Traders:
Watch for Bitcoin’s break below the 1.618 extension (near 3.70%). This could act as a trigger for a significant altcoin rally.
Dominance charts and volume spikes will help confirm the momentum shift.
Conclusion:
For altcoin traders, this structure provides an opportunity. Short-term caution is necessary, but a potential altcoin breakout could follow if Bitcoin completes its correction successfully.
USDT.D update#USDT.D made 2 supply zones the first one is touched but the other one is still clear maybe the market make a rise to catch the second one maybe not but in both cases the whole market is bearish and this can make a good position in alt coins
Defining the $BTC top with USDT.DWhy is USDT.D so important in defining a CRYPTOCAP:BTC top?
Because, when BTC is in price discovery, there is no previous price action to determine where we might expect a reaction based on price. Therefore, all we really have are fib extensions and speculation if we solely look at past CRYPTOCAP:BTC price. Fear not, USDT.D gives us previous dominance action to evaluate when the BTC price might react. This is because USDT.D is inversely correlated with CRYPTOCAP:BTC price. Evaluating the correlation of USDT.D and CRYPTOCAP:BTC price, I found that in the current cycle, the correlation is approximately a doubling of BTC price for every -3% drop in USDT.D.
IMPORTANT: Everything below is for speculative fun. I will be watching this play out as part of an overall strategy to define a cycle top, but would never think to use it to make any decision in my life, especially if I should do a destination or hometown wedding or what brand of salve to put on my hemorrhoids.
How can we use the USDT.D/ CRYPTOCAP:BTC correlation to help pick a top? Well, we can find demand zones and calculate how far away we are from them. I don't have previous demand zones on the chart, but they have worked in the past to predict a reaction. The demand zones are somewhat subjective, so you can should verify on your own, but there are a few main zones that I see and have marked in yellow. The top of the demand zones, along with the distance from the current USDT.D in parenthesis, are 3.1% (-1%), 2.8% (-1.5%), 1.8% (-2%), and 1.3% (-2.5%). Using these drops in USDT.D, we might see some intermediate tops around $130K, $150K, and $180K.
The cycle top might be around $196K if we get to the lowest demand zone plotted on the chart. Of course, there are more demand zones below that, but I have a hard time seeing USDT.D go below 1.3%.
I added the price path as an extra bit of intrigue. It will likely not play out as I have it drawn, but why post my ideas if I'm not going to climb out on a limb and see if the prediction plays out. That would be a move of a cowardly douche. And although I am a douche, I'm not a coward.
--Da_Prof
USDTI think the probability of this happening is very high
But who knows??
Maybe it will happen, maybe it won't.
in my openion we see drop USDT.D from 2 zoneUSDT.D drop to 4.14% after that move to above OR drop to 3.73% and we see move to above
4.14%
3.73%
Good pattern for start altsissionon daily break and pullback trendline
on 4H similar move on Drop - base - drop
pattern Bearish flag , if complate this pattern Altcoins go verrrry up
Rejections at Key Levels: What USDT.D Means for AltcoinsUSDT.D is showing strong bearish momentum, rejecting multiple times from the descending trendline and resistance near 4.45%. A continuation downward toward the 4.00%-3.85% support zone is likely.
This drop could fuel bullish momentum in altcoins as funds flow back into the market. Watch closely!
USDT Dominance is the key to finding the Market Top!When USDT Tether's dominance goes down, crypto prices go up. The opposite is true also.
The USDT dominance will consolidate until Jan-March 2025, staying above the resistance channel. I don't think it will break down. We already went from 9% to 4%, that's already great! I don't believe the USDT dominance will go down further.
That doesn't mean the price can't go up!
I think we are in Feb 2021. Look at what happened to TOTAL marketcap from Feb to May 2021. It exploded up.
usdt.d(based on NEowave)as I told you we are at the start of wave G so there is 2 ways that it need to confirm to starting drop.
one of them is diamond diametrical and the other is a triangle. so wait to confirm it.
support me and share these charts with your friends please,
thanks.
USDT.D USDT DominanceUSDT Dominance
Attention to the range around 4.70%
What is happening now is a retest of the break that occurred in it since the beginning of November
And as a reminder, the market's relationship with USDT.D is inverse
USDT Dominance Chart Analysis !4.50%–4.60% (orange zone): This level represents a crucial resistance zone, where previous upward moves have stalled. A breakout above this level will signal bullish momentum in USDT dominance, increasing risk-off sentiment in the market.
Primary Support: 4.10%–4.20%
This zone acts as a near-term support level. A breakdown below this could lead to a further decline in USDT dominance.
Secondary Support: 3.80%–3.90%
This is a crucial demand zone, where buyers have historically come forward. If the price reaches this zone, it could signal a reversal.
The 21-period MA (thin line) and 200-period MA (thick green line) are important indicators to watch. USDT dominance is trading near the 21 MA, while the 200 MA is below, indicating potential support.
Symmetrical Triangle Formation:
USDT dominance is consolidating within a triangle pattern. A break on either side (up or down) will determine the next significant move.
Upside Breakout: This could lead to a retest of the 4.50%-4.60% area.
Downside Breakout: This could lead to a decline towards the 4.10%-4.20% support, with a possible continuation towards the 3.80% area.
DYOR, NFA
@Peter_CSAdmin
USDT.D chartAs i mentioned in my previous analysis USDT.D got supported from it's weekly zone, and at the moment is having a pull back to it's broken inverse cup and handle. There is a possibility that it goes a bit higher before continuing to go down. If it happens don't be afraid and buy more alt coins from the dip.
Bull run is not over and alt season have not started yet.
DYOR
Goodluck
USDT.D(based on NEowave)I had to change the counting of it a little so now I think wave F is finished and we are at the start of wave G.
there is 2 ways of that which I think the red scenario will happen and we can see a beautiful altcoin season.
support and share it to publish more ideas.
Tether dominance is bouncing well#usdt #tether dominance has bounced after made bullish divergence in daily candlestick size in mid term and now made w bounce in LTF. Accumulation is fine. Strong #usdtd if continues this odyssey, will surely damage current #btc and #altcoins ' prices in LTF. Not financial advice.
Teter Dominance Analysis / UPDATEAs long as it is under the red zone, I expect Tether's dominance to decline, so you can think about buying Bitcoin
See our next analysis of Bitcoin
Tether Dominance(USDT)- Analysis & PredictionsLooking at the current chart of Tether Dominance, we see a clear downtrend within a descending channel. The current support level is near the 4.28% mark, and there seems to be a potential for a reversal or a continuation towards the lower support zone at 3.43%.
🔍 A breakout above the red resistance line could indicate a bullish movement, while a failure to break out might lead to further consolidation or decline. Watch closely for any breakouts or rejections around the key levels to identify potential entry points.
📅 Looking ahead, a significant move could be seen in the next few months, especially if Tether dominance starts to rise again as we approach mid-2025."
**Viewpoint for the user:**
"In this chart, Tether's dominance has been following a clear downtrend within a descending channel. If the dominance breaks the yellow zone at around 4.28%, it could indicate a move towards the lower support levels. On the other hand, if we see a reversal and break above the resistance level, it might lead to a bullish trend, potentially lifting the dominance to new highs. Keep an eye on these key levels for potential market shifts."
This provides a concise analysis while keeping the focus on key levels and potential market movements based on the current chart.
