USTD.D updateThis is USDT.D, a reverse indication to how BTC will perform based on money flow concepts. It looks like USDT.D is starting to form a bullish harmonic pattern and if it does and plays out, BTC will dump. Now only that, the PRZ (potential reversal zone) on the harmonic pattern has weight being based on both yearly VWAP as well as a trend line that is based on Fib levels. Therefore, I am looking for quick short scalps today as I believe a retrace is coming.
Analysis can always be wrong based on these, so no matter what or how much you trust me, trade safely and have back up plans! @Nate Alert
Usdtdominance
USDT.D updateFinally USDT Dominance gave up & dumped from the highlighted area to finish wave G of our diametric pattern
7.5% Correction in this index which caused good recovery in some of the alt coins. At this point we expect this index to range for a while so some of the alt coins could gain more momentum
We have to keep our eyes on this index to look for a new pattern forming
Next Stage of Bull MarketUSDT.D is testing the 20 W SMA which has been a key level for Bull Markets.
The zone and MA has acted as Support 4 times previously in 2024 which have correlated with BTC Local Tops
A close under that SMA is indicating that we are entering the next stage of the Bull Market. I prefer a few Daily Closes under, Weekly Close under is Gold Dust and tells me the Next Stage has begun.
Read this to understand the Context of that SMA:
Main reason I'm more Bullish this time compared to that precious Idea is because of DXY.
Confluence:
BTC has shown Strength since Oct 10th despite the continued Upward Trend in DXY that started on Sept 30th.
1 Day RSI on DXY is close to 70(Currently 69) which is a general sign that it is close to Topping.
DXY is also testing the 200 EMA since it broken down below in July.
My expectation is that the 200 EMA acts as Resistance for DXY and it rejects to continue its downtrend. This would be Bullish for Risk Assets like BTC/Crypto and would correlated with USDT.D breaking below the 20 SMA.
USDT MOON- Do you know what happens when something push too much ? it reverses and goes down.
- Sir Fibonacci said one day :
" When u launch a coin to the sky, it takes speed, then it stops, then it goes down more fast than it went up "
- if USDT grab more Dominance on Cryptos Markets, it would mean we are rolling back in the "Old Financial system" i hope everyone understand that.
- That's not gonna happens.
- i won't comments much on this analysis, but it speaks by itself. ( everything is in the graphic )
- i won't also speak about what happened recently to UST in Luna Ecosystem because it's sad for the peoples.
- Stay in BTC and pray TheKing.
Happy Tr4ding !
Tether The Trumpet- On this Chart i use zero indicator and just the trend.
- Some basic supports and resistances.
- What we can see and deduct ?
- Tether jumped from 0.01% to 1% dominance from 2015 to 2018.
- from 2019 to 2023 USDT.Dom growed from 1% to 10%.
- now the trend is still evolving in a steady broadening trumpet formation.
- Do you really believe Tether would reach 35% Dominance in Crypto Markets ?
- it would mean that 35% of peoples would prefer to stay in Stables Fiat and win nothing.
- Just using logic and combine FA + TA :
- This uper trend will be broken down soon or later.
- i just do believe that Tether have to crash at one point ( no matter the reason ).
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- So now a quick comprehensive explanation about Tether.Dom and how it works :
1 - When BTC down = Peoples swap their BTC to USDT (panic)
- USDT.Dom up !
- Tether stop the printing Machine and wait.
2. - When BTC up = Peoples swap their USDT to buy BTC (fomo)
- USDT.Dom Down !
- Tether have to restart the printing machine and issue more USDT to cover BTC demands.
- Yes it's simple as that..
- Tether is not really different than the FED.
- they just print more USDT from thin air when peoples want buy more BTC.
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- Remember that without BTC, Tether would worth 0$ and disappear.
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St4y Safe
Happy Tr4Ding !
Tether Dom- i will try to make it short.
- Like always everything is understandable in graph.
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TA :
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- Tether made a triple new ATH around 9% dominance on Crypto Markets.
- Got rejected 3X times.
- Right now it's the 4th attempt for USDT trying to break 9%.
- i kept BB in graph to show that USDT flirts again with the higher bollinger band.
- Right now the most important is to watch out for Divergences.
- Divergence or Hiden-Div will come soon or later.
- i expect Tether to back around 5% Dom around 2024 when the bullmarket will back.
- Do you remember last year when USDT and USDT were racing together ?
- USDC ( Circle ) Failed with the fall of Silicon Valley Bank.
- Now USDC is a back to 2.60% Dom.
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FA :
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- Remember USDT still have a big lack of transparency.
- if u check the news, you will notice that Tether invested heavily in Bitcoin Mining.
- They did this move to use this diversification as a parachute in case of troubles.
- if Tether fails for any reason it could quickly dip to 3.7% Dom.
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Last Point : CDBC are coming and central banks will try kickout Tether from this game.
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Conclusion : Stay Safe and Buy Bitcoin !
Happy Tr4Ding !
Massive Bitcoin Rally Incoming? USDT Dominance Breakdown Sparks USDT dominance has broken out from the ascending channel, this is a significant development. Typically, a breakdown like this suggests that capital is starting to flow out of stablecoins (like USDT) and back into assets such as Bitcoin and altcoins. This is usually a bullish signal for the broader crypto market.
Now that USDT dominance has broken out of its 205-day-long ascending channel, we could expect a substantial upward movement in Bitcoin’s price, as traders may be moving their capital back into crypto assets. Historically, this kind of shift has led to a Bitcoin rally, and as always, altcoins tend to follow Bitcoin’s momentum.
This could be the early phase of a significant market recovery. It’s important to watch for confirmation, but this breakout could indicate that traders are regaining confidence in the market after recent uncertainties, potentially setting the stage for a surge in crypto prices!
The Upcoming Collapse of USDT Theter - Thesis Binance and its CEO ‘CZ’ plead guilty to federal charges and agreed to pay $4.3B in fines.
But that`s not all!
The crypto market is facing increased scrutiny as part of an agreement between Binance's CEO, CZ, and the U.S. Securities and Exchange Commission (SEC).
This agreement grants the SEC unprecedented access to Binance's comprehensive records, shedding light on various transactions, fraudulent activities, and instances of price manipulation linked to tether, which significantly influenced the surge in Bitcoin's value.
Of particular interest to regulatory authorities is the revelation that CZ has agreed to provide the SEC with access to tether transactions, signaling a deeper investigation into the controversial stablecoin. Tether (USDT) has long been tethered to the value of the U.S. dollar, yet recent events have sparked concerns about its stability and transparency.
What makes this development particularly noteworthy is the emerging focus on tether by U.S. agencies, who seem to be strategically positioning themselves to potentially replace it with Central Bank Digital Currencies (CBDCs). Unlike stablecoins such as USDT, CBDCs are issued and regulated directly by the central bank of a country, eliminating reliance on private entities or community-driven initiatives.
As the SEC gains access to the intricate details of Binance's operations and tether transactions, the crypto community is left on edge, grappling with uncertainties regarding the future of stablecoins and their role in the broader financial landscape. The evolving narrative suggests a potential paradigm shift as regulatory bodies aim to instill confidence in the market through the adoption of government-backed digital currencies over privately issued stablecoins.
The SEC's focus extends beyond Binance to specifically target USDT, with the intention of replacing it with Central Bank Digital Currencies (CBDCs) to assert control over all transactions. This strategic move is seen as a prerequisite for potential approval of an ETF in the future. Notably, Binance has been implicated in facilitating transactions linked to terrorist groups, including Hamas' Al-Qassam Brigades, Palestinian Islamic Jihad, al-Qaida, and ISIS, as highlighted in a statement by Treasury Secretary Janet Yellen.
Looking forward to read your opinion about it!
usdt , usdt dominance, usdt.d Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether works to disrupt the conventional financial system via a more modern approach to money. Tether has made headway by giving customers the ability to transact with traditional currencies across the blockchain, without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), Tether has democratised cross-border transactions across the blockchain.
USDT.DOMINANCE UPDATE !! USDT dominance shows that the breakdown from the ascending channel pattern is being confirmed as the 100-day moving average remains below both. This indicates bearish momentum in USDT dominance, which often inversely correlates with the broader crypto market.
USDT dominance has successfully broken out of the ascending channel pattern and is staying below key support levels, strengthening the potential for further declines.
The 50-day and 100-day moving averages are acting as resistance barriers, suggesting that bearish momentum may continue to push prices lower.
A continued decrease in USDT dominance is usually a bullish signal for the crypto market, as funds may flow from stablecoins like USDT to other cryptocurrencies.
USDT dominance continues to decline and fails to rise above key resistance levels, it could signal a shift in market sentiment towards a more bullish trend for the broader crypto market. This chart update should be closely monitored as it could have significant implications for potential price movements across various crypto assets.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
$USDT Dominance BREAKS OUT of 232 Day Parallel ChannelCRYPTOCAP:USDT Dominance has broken out and Closed below its 232 Day Parallel Channel.
Expecting a test on the 200DMA.
Once that breaks, and we get the Death-Cross, CRYPTO GOES PARABOLIC
I’ll post a full breakdown of the Weekly Close on Sunday.
End of cycle target will be 2.5%
USDT.D Incoming bearish reversal and a bullish market and Q4!Im loving the look of USDT.D right now, it looks so bearish with the recent HTF closes. It looks done for and in the perfect wyckoff distribution.
Following the plan to a T, rejecting off the 5.90% level as discussed in the prior analysis where this was a key resistance level from the first PSY event. Price has refused to push to the upper limit of the range, rejecting from the last supply point and PSY in the range, formed a swing high on the daily, swept that high and is now continuing to distribute lower in line with the HTF picture.
This does look like a local top here following the last points of supply and we could be putting in local bottoms in the market.
Market could start its next run higher anytime over the next couple weeks now! Be patient, we are almost there!
USDT Dominance: Be Cautious!USDT dominance is once again approaching its support trendline. Since March 2024, this trendline has been holding, and for the market to turn bullish or for an altseason to begin, USDT.D must break below this support trendline.
However, we need to be cautious about a rebound. If USDT dominance rebounds from the support, BTC and other altcoins are likely to experience another bearish move.
Important Points:
~ Support Trendline: 5.30%
~ Bearish Scenario for the Market: A rebound from the support trendline.
~ Bullish Scenario for the Market: A breakdown and close below the support trendline.
Note: Always do your own research and analysis before investing.
USDT Dominance UpdateThis analysis is an update of the analysis you see in the "Related publications" section
According to the previous analysis, the pump was done and reached the yellow range and then we saw a drop.
Upon further investigation, we found that the drop may not reach the previously analyzed areas.
Therefore, we have prepared an update.
Due to the strength of the drop, the up move does not look like a triangle and we see an ABC wave, we are now in wave B.
Wave B seems to be a diametric, which we are in the final wave (wave g).
From the green range, it can make a strong retracement upwards. Watch out for the green area.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
USDT.D Update - Oct 07 2024#USDT dominance got close to 5.99% level and had a slight drop to its current zone of 5.47% - 5.63% and initial signs for another rise are visible. If USDT.D manages to cross above the blue trendline and 5.63% level, it will continue to higher levels. The strength of the next move is crucial to the overall market's condition.
USDT.D Update (1H)First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT .
Due to the news of the war in the Middle East, selling pressure has been very strong in the crypto market for several days.
Tether's dominance has now reached the supply range.
In smaller timeframes, Tether's dominance can be rejected downwards
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Massive Bitcoin Surge Ahead? Watch for USDT Dominance Breakout
First of all you should know that "USDT Dominance" is always the inverse of BTC USDT.
USDT Dominance refers to the percentage of Tether (USDT) in the total crypto market cap. It shows how much capital flows into or out of stablecoins like USDT compared to other cryptocurrencies. When USDT dominance increases, it suggests investors are moving into stablecoins, potentially indicating fear or uncertainty in the market.
BTC correlation with USDT dominance is typically inverse. When USDT dominance increases, it often suggests that traders are moving out of Bitcoin (BTC) and other cryptos into USDT, leading to a potential drop in BTC price. Conversely, when USDT dominance decreases, it may indicate that traders are moving funds from USDT into BTC, potentially driving BTC's price up.
Due to the news of the war in the Middle East, selling pressure has been very strong in the crypto market for several days.
As you can see on the chart USDT.D is moving in the ascending channel for approximately 205 days. After USDT.D breaks below from the ascending channel we could see a very bullish move in the Bitcoin price and as you know Altcoins follow it.
Everything is on the chart.
USDT.D Pulling back into Last Point of SupplyUSDT.D Update:
The markets pulling back as expected, this is as USDT.D pulls back into the range with some momentum, creating a bearish pullback in BTC and alts in conjunction with my prior BTC and USDT.D analysis
Nothing to be worried about, simply pulling back into the range forming a last point of supply in the distribution range on USDT.D and a last point of support on BTC in its range.
We still have some pain to come where i anticipate USDT.D to push higher into the areas marked up before seeing the reversal back bearish, what matters here is sticking to the plan and remaining patient.
If your not allocated in the market, this pullback will provide ample opportunity to get some exposure and risk on before the next bullish leg in the market as USDT.D breaks down out of this range. This will be one of the last chances you get to get in coins that are still priced in discounts relative to the HTF!
As price has pushed into this area im seeing an increase in volume from the latest 2 daily candles which is a good sign imo as we come into this key area and supply. However, theres no signs yet to suggest the trend on USDT.D is over and we remain bullish on the daily and 4h as we push into the range high.
As a result, im still expecting more pain in the market and red until USDT.D tops out and there is still room to the upside for it to push into as shown on the chart. I remain patient here and confident in my bias and idea still as nothing has changed at all.
There is a lot of resistance coming up on USDT.D and id be surprised to see it continue to the upside when theres a lot of levels to clear in this range as well as the prior resistance at 6.51% and the PSY at 5.90%. These areas key areas and im looking for USDT.D to reject from these areas, with high volume before breaking down from the 4h into the daily and then pro trend in line with the HTF picture as discussed here: free-analysis-channel.
Patience needed here and some confirmations from these areas over the coming week or so!
Never surprised, never worried and always composed 🫡