USDT de-pegging ?!?!?!This volatile market is very dangerous if you are holding USDT too.
When UST, Luna`s stablecoin depegged from the USD value, USDT went down to $0.94 and then back up.
This time, with the sharp sell-off of all assets, the threat of depegging is bigger and more dangerous for Tether.
I would rather avoid USDT and BUSD for now.
Tetherdominance
Tether Dominance Still BearishWe use the Tether Dominance (USDT.D) index to support our Bitcoin (BTCUSD) chart analysis.
We focus on the inverse correlation.
When Bitcoin goes up, Tether Dominance tends to go down.
The long-term chart for USDT.D continues bearish.
We have multiple "doubt" candles after a new All-Time High.
Last week was the first red/bearish close and this one isn't looking good...
USDT.D is about to drop.
If this drops Bitcoin goes up and vice versa.
Thanks for the support.
Namaste.
Bitcoin To Continue Higher as Tether Dominance Goes LowerWe continue seeing bearish signals on the Tether Dominance Index (USDT.D) chart.
Yesterday we looked at the long-term chart and the RSI (weekly), the signals were clear there.
Looking at it closer today, our view remains the same.
- We can see prices moving below EMA10 on a full bearish candle.
- The RSI is trending down strong.
These signals are pointing lower.
The blue space on the chart is the main target/support.
Namaste.
Tether Dominance Overbought | Long-Term RSI AnalysisHere we have a pretty clear as well as strong signal coming out of the weekly RSI for the Tether Dominance Index (USDT.D) chart.
Each time the RSI went to overbought, or just got close to it, Tether Dominance would enter a correction phase.
We have now USDT.D overbought which can signal that it is about to move lower based on past history.
With the inverse correlation between Bitcoin (BTCUSD) and Tether Dominance (USDT.D), we can see BTC rise while USDT.D falls.
Thank you for reading.
Thanks a lot for your continued support.
Namaste.
USDT.DHello guys good day!
Here is USDT.D or Tether Dominance’s rising channel which reached at the top of the channel and its reacting.
First what is USDT.D and how can it help us for trading cryptocurrency?
USDT.D shows the status of Tether availability in the cryptocurrency market where when it rises market will fall and when it falls market rises completely a vice-versa relationship.
Ok based on this, The question is will the channel break upward? And market will fall more further?
Well as you can see the history clearly it shows that this channel is too strong to be broken and it may get push the price downward and then the market will rise and Bitcoin will get bullish and this will cause Alt coins to explode upside.
However on the other hand the sell pressure is heavy this time! And there is chance of breaking this channel upward and we may see Bitcoin at lower prices such as 25k 20k and if incase we loose these support levels then we may be witness of huge fall to 13k and 10k.
Remember guys these are just datas and informations that I analyse and post here, these are not buy or sell signals, so please use these informations and trade based on your own trading strategy.
Good luck.
BTC.D Weekly Update 5/28/2022🟢 BTC.D
📆 weekly Time frame
At a weekly time frame according to the harmonic Gately pattern bitcoin dominance may see 45% strong and also we are facing a strong supply zone and order block near 49%-50%. If BTC dominance breaks this area we may see more dip in Altcoins. Hope You Understand Why We Not Share Any Long Position Calls.
This Analysis Will be updated.
Analyzed by Hossein
5/28/2022
Tether Dominance Analysis5/14/2022🟡 USDT DOMINANCE
🕒 Daily TF
➖➖➖➖➖➖➖
USDT dominance is forming a bearish ALT AB=CD pattern, whose potential reversal zones are 1.272 and 1.618 fib extension retracement levels, from where we can see a reversal.
So, a reversal can be expected from the marked two levels, which would confirm a bullish sign for the crypto market, after the reversal because USDT dominance and the crypto market work opposite each other.
✍This Analysis will be updated.
📆5/14/2022
USDT.Dominance (Y22.P1.E3).Bear market rangeHi All,
I have been watching this for some time as a signal.
I always thought if it breaks the upper level, that is confirmation of a bear market.
Question is now, how much of a bear market.
A measured move based on this structure can be to this box range.
Either a cup and handle target or a triangle target, either way, they have not reached their targets yet.
Looking at the RSI, this does look like a major drop and capitulation on the way.
All the best,
S.SAri
The first micro or local target has been reached.
===========================================
Tether on the strong sell zonecrab harmonic pattern:
X=%4.15
A=%0.31
AB=0.61 XA
BC=0.38 AB
0.78 BC=%1.36
0.88 BC=%1.45
0.61 XA=%1.53
1.41 BC=%2
1.6 BC=%2.27
0.78 XA=%2.38
2 BC=%2.87
0.88 XA=%3.08
2.24 BC=%3.32
2.6 BC=%4.19
1.13 XA=%5.81
3.6 BC=%7.75
1.27 XA=%8.41
4.23 BC=%11.33
1.41 XA=%12.04
1.6 XA=%20.69
What If USDT.D back to Up trend ?🟢USDT.D
📊 Daily
✍USDT Dominance Update:
WHAT IF????
What if USDT.D bounces back towards the upper trendline? It will be an 18% gain which will be bad for BTC and other altcoins in a higher timeframe.
Note: This is a daily chart, a higher timeframe where the market will fluctuate several times on lower time frames. This means we can do scalping on various altcoins.
So be ready.
⚠DYOR
✍ Analyzed by Hossein
📊04.10.2022
Tether Dominance Ultra BearishOne of our readers pointed out the USDT.D (Tether Dominance) chart... It is ultra bearish.
Let's get started.
We have these strongly bearish candles (1):
While prices are now moving below EMA10 (2), we also have a double top (3) and a lower high (4):
The MACD is about to print a bearish cross (5) while the RSI is about to move to weak from strong (6).
These are many bearish signals...
Bitcoin is moving higher (7).
USDT.D and BTCUSD have an inverse correlation.
Taking this into consideration, we can expect Bitcoin to grow some more.
Namaste.
Tether Dominance AnalysisHello
We see Usdt Dominance:
The short-term downtrend has been halted by the already prevailing uptrend.
The short-term downtrend is broken and the back ceiling is also broken.
Expect up to: 4.50%
To climb.
The next goals can be numbers:
4.60%
4.66%
Important Note: If Dominance rises, Bitcoin will also decline.
Be sure to see my next post (it is about Bitcoin)
Thanks, Analyst:
@mahdiaghdam00
USDT.DGuys this is USDT.D Chart, this chart indicates a ViceVersa movement with the overall crypto currency market! That means whenever USDT.D drops the market is Bullish, and whenever it moves up the market turns Bearish!
So right now we can see that USDT.D is in an important area, Keep an eye on the support trendline maybe it get supported and the market turn Bearish for short term! so then we can open Short positions with a good risk management! or if the support trend line got broken, then we will wait for a pullback for a confirmation for a extreme Bullish market!
Please check my previous technical Analysis ideas link below!
Bitcoin Daily Analysis Update🟢🟢#BTC on daily TF looks messy as it more looks like the price is ranging more. Currently, the price faces strong physiological resistance at 40,000$ and holds the 39,000$ area as support. If the daily candle closes above 40000$ then Expect a strong breakout this weekend. It is so important to keep 36800$ Support By next week we can see some clear direction in it. Use proper stop in all your trades.
⚠ This Analysis will be updated.
✍ Analyzed by AmirHossein.
📆0.3.12.2022
Bitcoin Straight Up But Why? $47K Followed by $55KAt this spot it generally hard to figure if a retrace is coming after hitting resistance for BTCUSD or if it will continue straight up...
I say straight up.
Feel free to hit LIKE now and let's get started.
Other than the obvious and strong bullish bias that has developed on the Bitcoin chart, we also have a new tool.
( Thanks to @CryptoSoap who mentioned this chart in the comments section... )
Tether Dominance (USDT.D) has an inverse relation to Bitcoin (BTCUSD).
The USDT.D chart is looking pretty crapy and the signals are clear, it is aiming lower...
As this index aims lower, Bitcoins aims higher.
(My classic bullish signals are also showing on the BTCUSD chart.)
We are going for $47,200 followed by $55,100.
Leave us a comment with your opinion on this one.
Thanks for all the support lately, it is truly appreciated.
Namaste.
P.S. The "Stock Market" (SPX, NDX, DJI) is detaching from Bitcoin (BTC, Crypto) as anticipated...