Head and shoulders pattern for USDT.DRejecting from 0.382 of fibo's level + breaking the neck of head and shoulders pattern = Correction and dump
Usdtd
Bearish RSI Divergence on USDT Dominance 1W chartI'm seeing a bearish divergence on weekly TF in USDT dominance chart that indicates $BTC upward movement in coming months.
NFA
USDT/DOMINANANCE 2HOUR UPDAYTE BY CRYPTOSANDERSWelcome to this quick USDT.D analysis.
I have tried my best to bring the best possible outcome in this chart.
USDT pair you trade now it will be fine I will update as soon as the market changes
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
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📊USDT.D - Getting close to an important areaThe dominance has formed a local descending formation - it's either a channel or a wedge depends on how you draw it- but either way the odds of it breaking to the upside are higher. If it continues to drop within its trendlines, it will soon reach an important zone (4.35-4.20) which is also where the lower trendline of yellow parallel channel is. This confluence gives a solid chance for a bounce from those levels (bearish for the market) However, if the dominance breaks below 4.20%, this could indicate a potential reversal (or at least short term recovery) on the market.
Historically (over the last 4 years), we have never seen a macro V-shaped change in a trend direction , that's why I would stick to a bearish narrative for a while, until proven otherwise.
-- 1h chart, local view:
Does the Crypto market bottom confirm?
USDT dominance shows some weakness on the important price action level and volume divergence is obvious.
USDT dominance show weakness in the weekly time frame. It means people inside the market are buying the dip.
RSI: Close to the overbought area.
📌DISCLAIMER: I am NOT a financial adviser. None of what I have communicated verbally or in writing here should be considered as financial advice; it is NOT. Do your own research(DYOR) before investing in any digital asset, and understand that investing in any cryptocurrency is risky. If you do, you need to be prepared to lose your entire investment. I’m only recording my personal Technical Analysis (TA) for educational purposes.
I📌’m researching on crypto-economy and sharing my understanding with others, therefore these are results of my research NOT financial advice.
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Crypto's Correction Looks Over, Jan 26USDT Dominance has reached its resistance as you can see in chart
This is where I can assume that the correction is over
February has always been one of the greenest months for Bitcoin so I can expect the same to happen this year.
When USDT.D comes down, crypto market goes up
USDT DOMINANCE, USDT.D, DAY TRADING, SIGNALYou gotta love $USDT.D finally losing a little dominance and overbought in the daily chart. $BTC can use a short break and relief rally before the downtrend continues.
🔥 USDT Dominance Signals Bullish Reversal SoonThe USDT dominance chart is not a chart I see on TradingView that often. However, it offers good insights whether investors are selling their crypto for USDT, or spending their USDT to buy crypto. Generally, when USDT.D goes up, crypto prices go down. When USDT.D goes down, crypto prices go up.
Since the start of this bull-cycle, USDT.D has been trading in a clearly defined horizontal channel. Once USDT.D reaches the resistance area, the (local) bottom has either been reached or is very close. Once USDT.D reaches the support area, the top is either in or very close. I've marked the last four major moves on the chart, green being bullish moves and red being bearish moves.
Furthermore, the 3-day RSI is significantly overbought. The last two time this happened it signaled that the bottom was very close and we were prone for a bullish move.
Be aware that there's still more room to fall. We have a very important FOMC meeting later today. A bullish market reaction might trigger a further decline in USDT dominance and a corresponding bullish move from crypto. A bearish reaction might send USDT.D further up the resistance area.
Nevertheless, most of the damage from the current correction has already been done.
Happy trading!
USDT.D Daily TA : 12.26.21 : $USDT.DAs we can see, Tether's Dominance has reached an important resistance since the last 4 weeks and has shown a negative reaction to this level , and this has caused the USDT.D to fall , if the weekly candle closes below 3.30% , we can expect more fall from it.
It gives us a very positive view of the market, and that may help the bitcoin's pruce to break the very important resistance of $ 51700 range.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 26.DEC.2021
⚠️(DYOR)
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alt party or alt goodby party!i think bear seson is starting.
Be careful that bitcoin does not hunt you down.
The last chance is to leave the market ... If Bitcoin's 40% dominance in the market is broken, we have alt season, but if the wedge breaks up, Altcoins will be dragged to the ground and blood.
USDT DOMINANCE UPDATE! DO OR DIE SITUATION FOR ALTCOINS!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT Dominance update. USDT.D forms an ascending triangle pattern and currently hovering at the above trendline of the triangle.
At 3.08 level a strong resistance is there for USDT dominance. IMO Dominance should dump from here and then altcoins start pumping. You can pick some of your favourite altcoins now with tight SL.
But also keep in mind that if we get any candle closes above 3.08 level then we will see more dump in altcoins. So trade accordingly.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
₿ USDT.D 1D ₿ : 28.Nov.2021 (USDT.D)The dominance of Tether (USDT) has reached a very important resistance level, if it is rejected from here we can expect the Bullish market to return , but if this resistance will break , we will face a BEARISH and Bloody market .
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 28.Nov.2021
⚠️(DYOR)
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Crypto/Bitcoin Third Bull Run? Nov 17This USDT Dominance analysis , it is still bearish.
Look at the dates of first/second bull run on chart, each time that dominance hit the trend line it went down again and then the market(Especially bitcoin) got pumped. This is the the third time.
Usdt dominance daily Usdt dominance have a negative coloration with Btc price.the blue arrow is the price and time point and according to the trends first green arrow shows a correction in BTC price for the next 3 weeks.and the next motive wave should be start for an ATH in second week of 2022.
📊USDT.D- Possible scenarios 04/11/21Yesterday USDT dominance tapped the previous low from last week (2.56). This is creating a base for a potential double bottom, which would be confirmed once the neckline is broken. If the price(value) breaks below 2.56, this on the other hand would signal big pump coming.
Nothing to worry about, just something to keep an eye on. But it wouldn't be a bad idea to move stop losses into profit/break even.
Best of luck 🤗
USDT Dominance growth from support level. USDT.D . Update 1Hello my friends, This is an update of previous analysis (blow link). Consider USDT market cap to help identify market movement, wEverything is marked on the chart. Good luck.
If its useful please like it as a support and follow me for next analysis :)
USDT.D shortHere in the RSI, we are witnessing the fall of the USDT market share uptrend line. In my opinion, it is a pullback, and we are witnessing its fall and rise #bitcoin again
USDT.D fractal 2019#USDTD
here is another look of #USDT dominance, that I hope it go this way.
a fractal from 2019 that shows it will have a smooth downtrend to the support.
USDT.D struggle to break the resistance#USDTD
USDT Dominance seems struggle to break out the resistance zone. if it won't success to close a daily candle above resistance zone, then it is possible to dump to the support zone again, which this way make a good opportunity for #BTC to increase.
and if USDT Dominance success to break the resistance, then it will pump the ascending resistance line around 6, that is a dump for $BTC.
USDT.D Dominance usdtUSDT.D pump coming so btc dump coming ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
USDT.D UPDATE - Could be heading back to $4.69 or $4.83re charted USDT.D on the (weekly) based on its recent pump, doesn't look good for BTC in the upcoming weeks, but anything is possible, tread lightly with longs on BTC/ALTS but USDT.D is bullish on the weekly as of right now.
*Could be heading back to $4.69 or $4.83
*every $0.33 USDT.D goes up or down, that's roughly $5,000 gain/loss for BTC
*USDT.D goes up BTC goes down & vice versa
*By DEC 6, 2021 USDT.D should already be at the top of the reverted triangle by then, based on divergence and oscillators.
