People Are Starting To Lose Patience...Next to getting rid of your losers and riding for as long as possible the winners, patience is one of the most imporatnt virtues you can have when it comes to cryptocurrency trading.
Patience is truly the key to win.
When USDT.D was oversold on the RSI, it went up.
As USDT.D gets to overbought, it is very likely to drop.
The immediate resistance on this index is set at 7.51% followed by 7.85%.
The 7.51% is the main one for us and we are bearish here.
If this level fails there is still more resistance overhead.
USDT.D and BTCUSD have an inverse correlation and that is why we track this index everyday.
It can be used for confirmation.
If you see a bullish BTC, you can confirm your bias if you also see a bearish USDT.D.
A bullish SPX supports any bullish signals found on BTCUSD, etc.
There are many different altcoins, indexes, pairs, charts that can be used in this manner, for comparison purposes.
Thanks a lot for the continued support.
Namaste.
Usdtd
USDT DOMINANCE: DESCENDING TRIANGLE.Hello folks, here's an important update on the USDT dominance in the lower timeframe.
Timeframe: 4 hours.
Update: The USDT dominance is under a descending triangle pattern. As you all know that a descending triangle pattern is usually a bearish pattern but sometimes the trend can reverse and play in the opposite direction. Currently, the USDT.D is holding a support level of 7% and in the past, it has bounced back exactly from this support level. If at all the USDT.D bounces back then I expect it to test the 7.4% resistance level and then reject. On the other hand, rejection is possible from the current level as well. Once the USDT.D breaks down below the support level then we can get some confirmation for the bearish rally.
Key level:
7% Support
7.4% Resistance.
Tether Dominance Weekly Turns Full BearishWhen looking at the weekly chart for USDT.D (Tether Dominance Index), we can notice a full red/bearish candle.
We have a rising channel also breaking bearish:
Together with a bearish harmonic pattern.
The RSI is pointing straight down:
One last signal is MA200, the black line on the chart.
We can see it rising and we know that prices tend to gravitate towards this line.
As MA200 trends up, USDT.D trends down.
Namaste.
Tether Dominance Going 10% to 20% LowerHello my beloved cryptocurrency traders, supporters and readers... I hope you are having a great week.
Let's start today with the Tether Dominance (USDT.D) index chart.
Our focus now is on the next target/support.
We see a 10% drop happening firts.
A small bounce...
Followed by another drop that will end at "C" or a total of -20% from the current price.
Inversely this would signal that Bitcoin is about to speed up when it comes to price growth.
Namaste.
USDT DOMINANCE: FORMATION OF BEARISH DIVERGENCE Hello traders, here's an update on USDT Dominance.
Time frame: 3 days.
Update: The USDT Dominance is at the support level of 7.2% and above the 21 MA which could be a difficult level to break down. But on the positive side, we have a bearish divergence in the RSI. The USDT.D made a new ATH but the RSI level is lower than the previous one. Even if we see a bounce back from the current level, I don't expect a long rally in the USDT.D. Soon it is going down as per the current market scenario.
Conclusion: Comparing the USDT.D with BTC and other altcoins, there is a possibility that we will see a drop in USDT.D and a rally in BTC and other altcoins.
Still, let us be careful enough with the market. Anything can happen.
What do you think about the USDT.D? Let me know in the comments.
Like and follow for more.
Thank you.
#USDT.DOMINANCE 1HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
# USDT. DOMINANCE UPDATE!
As I mentioned in my previous chart that USDT DOMINANCE will reject from the 7.78% level and it got rejected.
In current scenario USDT DOMINANCE is trading 3.2% below from .78% level.
IMO, USDT DOMINANCE will rally below this level to 7.10% which is the strong support zone currently.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
Tether Dominance vs Bitcoin (Cryptocurrency Market Bullish Wave)Bitcoin is about to go high up if we reconsider the inverse correlation between USDT.D and BTCUSD... Let's read the chart.
According to the USDT.D index, Tether Dominance is about to have another leg down; a major drop on the EW ABC correction.
This drop can take USDT.D to 6.45% or lower at around 5.70%, this would equate to a price jump on Bitcoin to around $22 to $25K.
This is how it goes.
After this next leg down, we get the classic bounce and then additional drop. (USDT.D)
As for BTC, the inverse... We get this upsurge and after the initial resistance is hit a small retrace follows and then additional growth. (BTCUSD)
The cryptocurrency trading pairs can turn and stay green all the way to end of August, late September at most.
It will be a nice bullish wave...
I hope to see you around and have your support.
Namaste.
USDTDOMINANCE 2HOUR UPDATE BY CRYPTOSANDERS !!
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
as I mentioned in my previous chart that USDT DOMINANCE will move upside till the level of 7.79% and it moved well USDT DOMINANCE is currently trading on a crucial resistance level.
It needs to get rejected from this level for bulls, rejection will again bring green candles in ALT coins, and a break above will end up things again for bulls and it will rally towards the level of upper resistance which is around 8%.
Let’s see how USDT DOMINANCE performers in upcoming hours.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
#USDT.DOMINANCE 1HOUR UPDATE !!USDT DOMINANCE ANALYSIS
USDT DOMINANCE breakout this symmetrical triangle pattern and currently it is facing 7,79% as resistance so we can expect some drop from here.
Let's see how the market will react in a few hours.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
USDT DOMINANCE: CLOSE TO THE RESISTANCE LEVEL.Hello everyone, here's a quick and short update on the USDT Dominance.
We saw a good rejection from resistance 2 level (8%) which was a healthy -6.5% drop. Currently, it is under a falling wedge channel with a resistance level of 7.8% & 8%. If the USDT.D has to rise then these two levels are crucial.
We will keep an eye on it and update you guys. Trade safely.
Tether Dominance Update (Adapt and Change)This is yesterday's chart updated...
The major resistance short-term has been defined at 8.02%, since we have an interesection of two trendlines and two rejections.
The bias remains the same as yesterday.
Bearish below 8.14%.
Bullish above.
We are bearish in general as we've been tracking this one and expecting a drop.
We adapt to market conditions...
We adapt to the charts when they change.
The charts are always changing...
We are always adapting.
Namaste.
Tether Dominance Short-Term (Lower Highs)This is the chart that I have for USDT.D (Tether Dominance).
30-June sets the high and 2-July the lower high.
This is a short-term chart.
The marked candle 2-July '22 05:00 gives out a short/sell signals.
The RSI trending lower to move below 50 gives out another bearish signal.
We can also see a loss of the 10 sessions average support price at 7.92%...
These are bearish signals but things can easily change.
Namaste.
USDT.D 1HCurrently, it is placed in a triangle pattern and it is approaching its end. In such a pattern, there is a possibility of exit from both sides, but currently, with the current conditions in the market, there are strong and close supports in Dominance Tether, economic..... It is likely to move upwards and reach new heights (personal opinion). Good luck and be profitable.
USDT DOMINANCE: A GLITCH ONCE AGAIN.Hello guy, let's take a quick look at USDT dominance.
Timeframe: 8 hours.
Update: This is madness!!! This USDT Dominance has pumped 85% (7.5% to 13.92%) within an hour and as I am posting this update, it dropped back to the previous level forming a long wick from the top. This isn't the first time we saw an error like this so, I guess there's nothing to panic about. The market is still moving at the same pace and so far no big change.
There's a slight resistance at 8.4% and it is most likely that the USDT.D will reject from that level. In case the USDT.D breaks through the resistance then it may attempt to reach the upper trendline (10% level).
Conclusion: We still have 3 hours left for the candle to close so we can wait and observe. I am still expecting the USDT.D to test the 8.4% resistance level.
I will keep things posted so do not worry.
Have good hours ahead, everyone.
Thank you.
Tether Dominance Next Target Mapped (Red)Looks like we have the complete b wave of the ABC correction we mapped a few days ago.
We can see EMA50 holding as support after a higher low.
This is set at 7.58%; This level is very likely to fail.
The RSI has gone bearish (below 50) and we have a clear lower high.
The next target is set first at 7.02% followed by 6.37%.
If we see straight down, as the chart is saying, Bitcoin will move straight up.
Namaste.
USDT DOMINANCE: IN SHORTER TIMEFRAME.Hello traders, here's another update on USDT.D in a shorter timeframe.
Timeframe: 8 hours.
Update: In my most recent update on the USDT.D, I mentioned that a bounce is likely possible. That update was on a higher timeframe and I will definitely stick to it. Now, when we see the chart in a lower timeframe, a rejection towards the lower support is possible and then a bounce back. This rejection level is at 6.6% and in lower TF if the dominance dips then BTC and altcoins will rally.
Pattern: In this 8-hour TF, the USDT.D has formed a pattern that looks like a 'Bearish Expanding Triangle'.
Conclusion: A rejection of the USDT.D can be expected in a lower timeframe which will give some room for BTC and other altcoins to grow. But if the dominance breaks above the 21 MA resistance (7.44%) then things will go totally opposite.
Note: This update is purely on a shorter timeframe. Don't get confused with the higher timeframe update. Both updates have their invalidation point so take your trades accordingly.
USDT DOMINANCE: LIKELY TO BOUNCE BACK?Hello traders, I hope you all are doing great. Here's an update on the USDT.D.
Timeframe: 3 days.
Update: The USDT.D is holding support at the 7% level and as I mentioned in my previous update, the USDT.D is likely to bounce back. If that happens then get ready to witness BTC dropping further down. As we can see that the USDT.D is yet to test its upper trendline which is around 12% and if the support 1 level continues to hold the dominance then it is likely possible. With that said, if the USDT.D reaches 12%, it is highly possible that BTC will drop up to $12k.
On the other side, if the USDT.D breaks down below the support 1 level then we can expect some greens on BTC and other altcoins.
I'll come up with more updates soon until then trade safely.
Tether Dominance Weekly OverboughtThis is the long-term chart for Tether Dominance (USDT.D) and we are looking mainly at an ascending channel.
Each time the upper-band of the channel is hit we get a retrace/correction.
The upper-band being hit coincides with an overbought RSI.
An overbought RSI has always led to a strong correction.
Just yesterday/last week, USDT.D closed with the highest RSI value ever, signaling an overbought status.
It is only a matter of time before Bitcoin starts to grow; big, fast & strong.
I meant to say, it is only a matter of time before Tether Dominances drops.
Namaste.
Long or Short? Update for Leverage traders...USDT Dominance is at a decisive point. Multiple
Rejection candles will lead to a rally across the market.
BTC could hit $23k+ and alts will follow, probably a green week.
However, a close above the resistance will lead to a correction.
Important area, stay vigilant.
CONCLUSION:- Close above 7.28% will trigger short entries across the market.
Close below 7.23% enter long position with SL.
Let me know what you think in the comment section and hit the like button if you find this update helpful.
DYOR
Thank you
#PEACE
Tether Dominance Classic ABC CorrectionWill Tether Dominance recover and Bitcoin crash fully to new lows?
Not likely...
Any recovery can be the "B wave" of a classic ABC correction.
These come after new peaks/highs just as we see with USDT.D.
Be patient.
You can see a shaky/bearish Bitcoin from Monday through Thursday and then we resume the growth.
Just one of the many possible scenarios but is better to be ready than to be taken by surprised...
Thanks for the support.
Namaste.
Tether Dominance Decline Not OverWe see Tether Dominance (USDT.D) declining slowly since 18-June... But, is it over?
Not likely.
The downtrend is only getting started and the chart signals and indicators continue pointing to lower prices.
USDT.D just hit a support level recently around ~7.10%.
After a small bounce, we are likely to test EMA300/MA200 at 6.66% - 6.75%.
Followed by 5.70% as the final target short-term.
Conditions for change
If USDT.D moves and closes above 7.56% the short-term bullish bias is compromised but not all is lost.
It needs time to develop.
Namaste.
USDT DOMINANCE: AT THE SUPPORT. Hello traders, welcome to this USDT Dominance update.
Timeframe: 3 Days.
Description: Tether’s USDT is widely recognized as the first stablecoin, where USDT stands for the symbol of Tether's USD stablecoin (also known as Tether). In terms of market capitalization, it’s fourth overall. It was launched in 2014 as a digital token backed by fiat currency, where the USDT is pegged at 1:1 to the U.S. Dollar to ensure stability in the exchange price.
Update: The USDT.D is at the support 1 level (7%), and like I mentioned in my previos update, a bounce can be expected. We still have roughly 2 days left for the candle to close and if the USDT.D sustains this support 1 level then the next opening candle could turn green. On the other hand, if the the USDT.D breakdown below the S1 level then I expect the dominance to drop up to S2 (5.7%) which means BTC and other altcoins will rally higher.
Conclusion: Taking a bullish trade on BTC and other altcoins could be tricky at the moment. So, you can do scalping on either long or short positions.
Do like and follow for more updates.
Thank you.
Tether Dominance Bearish Continuation (Multiple Timeframes)As long as Tether Dominance index (USDT.D) continues beairsh, we continue safe.
We can see it dropping since 18-June.
Trading below EMA50, USDT.D is aiming lower and the next target is set at EMA300 or 6.49%.
The indicators are going full bearish as well on the 4H timeframe.
---
When we look at the daily timeframe, everything becomes clearer.
The MACD is showing a full bearish cross in the making:
The RSI is showing bearish divergence after the last peak produced a lower high compared to a new All-Time High on the USDT.D chart.
We can also appreciate a full candle close below EMA10 daily, this signal confirms only when today's candle closes if it closes below 7.86%.
These are all bearish signals...
So far now, all I can say is that PATIENCE IS KEY!
Namaste.