Market update: Relief or more Dump?USDT dominance is currently hitting three major resistance levels:
1. 100 EMA (blue)
2. 50 SMA (red)
3. 8-month-old trendline resistance (blue)
This confluence of resistance makes this level crucial. Taking into account the channel breakdown and retest, a rejection seems more likely at the moment, suggesting a potential market relief rally.
Invalidation:- Close above the red zone.
dyor, nfa
Do hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
Usdtdominance
USDT DOMINANCE UPDATE (4H)From where we put a green arrow on the chart, it looks like a bearish triangle is forming on the chart.
Now we seem to be in wave E of this triangle.
In the red box, this E wave can end and we can witness the drop dominance tether.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
US DOLLAR ANALYSIS The US dollar is consolidating within a symmetrical triangle, with the 200MA providing support below. A breakdown indicates a strong downward trend, while a breakout suggests a bullish trend. Watch for a clear breakout or breakdown to determine the next direction. Remember, the US dollar often inversely correlates with the crypto market.
Stay tuned for further updates and analysis. Thank you!
Let me explain the "USDT DOMINANCE" impulse wave perspectiveHello, friends. Nice to meet you
I'm going to tell you about the USDT domination that shows the direction of Bitcoin and Altcoin
Based on the impulse wave, we expect to be making 5 waves now, and we expect the target to reach 3.35% to 3%.
The waves look very pretty, and you can now trade by referring to this chart
Bitcoin and altcoins fall as usdt.d rises
Bitcoin and altcoins rise when usdt.d falls.
Make sure you remember
Full analysis of Dominance Tether ( USDT.D )We are at the most important time bullran of Bitcoin and crypto market.
We have now reached the bottom of the descending channel and the most important Tether trend line (we were with this trend line from December 2017 to November 2021).
If the bottom of the channel breaks and reaches the trend, Dominance Tether will fall by 11% and a strong fomo will form, the price of Bitcoin will reach 70~89 thousand dollars, then we will see a sharp correction of the market after the halving. (unmodified
bullran is very dangerous and fragile).
But if the bottom of the channel is not broken, dominance will reach the range of 5.5%, as a result, the whole market will undergo a severe correction and the upward trend of the market will remain for the next halving.
Market correction can be done with strange and unexpected news.
The most important market days are March 11 and May 11 (white dotted line).
Be very careful in transactions, especially setting stop loss, in these 2 months whales and exchanges will be more active to get liquidity and stop hunters.
USDT dominance is bearishIt has a bear structure.
USDT dominance has created a resistance line and a supply range.
It was expected to drop from the supply range towards the TPs
The TPs are clear in the chart.
Closing a 4-hour candle above the invalidation level violates the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Here's What You Can Expect On Wall Street & In The Crypto SpaceThere are no surprises with the U.S. dollar, vix, gold, precious metals, commodities, and stocks. Everything is right on track. We are nearing our SPY blow-off top target of 570-600, but we have some time to hit that before the U.S. election charades and the future recession. We'll review these things and then focus on what price action will look like in the coming weeks for the crypto space. Plus, I have added an extra video for my members in which I'll review the current altcoin entries we are in. I'll let you know clearly what my sentiment and strategy is for trading these coins, a few of which have 3-4x targets! Quickly, I believe our local low in the altcoin space is in and we are going to pop soon. Some coins will fare much better than others. I want you in those coins. Let's go!
USDT.D% will ⚔️Attack⚔️ to Support zone again💡One of the important factors for analyzing the cryptocurrency market is the Market Cap USDT Dominance% (USDT.D%) status.
💡If USDT.D% falls, we can expect the cryptocurrency market to start rising ( not all tokens, of course ).
📈From the point of view of Classical Technical Analysis , USDT.D% looks like. It has succeeded in breaking the lower line of the Rising Wedge Pattern .
🌊According to the theory of Elliott waves , USDT.D% has successfully completed the Zigzag(ABC) correction , and we have to wait for the next 5 falling waves .
🔔I expect USDT.D% to at least fall to the 🟢 Support zone(4.72%-4.53%) 🟢.
Market Cap USDT Dominance% Analyze (USDT.D%), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
USDT Dominance Update.Time Frame: Weekly.
The USDT.D is currently rejecting the 5.2% resistance. This rejection has pushed the BTC price up to $67k.
The continuation of this rejection will likely help BTC and other altcoins to rally higher. It would be a 22% drop from the current level to the lower support, providing ample room for BTC and altcoins to breathe.
From a negative perspective, if the dominance breaks above the resistance, be prepared for a potential crash.
For now, this rejection looks positive for the market.
Happy weekend.
Do your own research.
Regards, Team Dexter.
Tether Dominion Bearish Flag Pattern Appears! "USDT.D"Hello, Friends!
Good to see you. Are you all having a good day?
Tether Dominance is on a long berish.
The current wave shows the bearish flag pattern.
If it breaks down the bottom of the Flag, it will go down to the target value.
It's important!
When tether Dominance falls, the BTC and ALT rise.
When Tether Dominance rises, the BTC and ALT fall.
USDT.DOMINANCE CHART UPDATE !!USDT DOMINANCE ANALYSIS
USDT.D is descending following a retest below the rising wedge. It's also breaking through the MA 50, with a candle close below it confirming a bearish sentiment. Notably, a bearish USDTD trend often indicates bullish momentum for the broader crypto market due to their inverse relationship.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
USDT Dominance just failed and doing BTC a huge favor!On this chart we see a major development on the USDT Dominance (USDT.D). It formed its first ever Death Cross on the 5D time-frame, with the MA200 (orange trend-line) turning into Resistance since the start of February.
That has never happened in its history and as you can see, when USDT.D declines, Bitcoin (black trend-line) rallies, which has been doing so aggressively since early October 2023.
This is a sign that the current rally on BTCUSD might be far from over and if anything can even be much more aggressively than we initially thought.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
#USDT.DOMINANCE 1DAY UPDATE !!USDT DOMINANCE ANALYSIS
USDT.D is forming a rising wedge pattern, nearing the support trendline. MACD crossover suggests a potential bearish turn.
A sustained wedge breakdown confirms a bearish trend; a bounce suggests consolidation within the pattern. USDTD typically moves inversely to the crypto market.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.