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 🫡
USDT.D trade ideas
USDT.D Update - Oct 02 2024USDT dominance has followed previous analysis beautifully. The reaction to 5.3% zone was strong indeed and as a result the whole market dumped heavily.
The next important area ahead of USDT.D is 5.99% - 6.04% zone where a reaction can be expected but judging by the strength of the recent move, it's high possibility that USDT.D will push through the mentioned zone and will reach higher levels. So Sell strategy is advised for now.
Everything going by the plan!Hello Traders,
Based on my previous post DOM reached 5.70% with a little push after the escalated war news in the Middle East. But again BTC was on the path of free fall even before the war.
The chart has developed a small double top that should retest the monthly open the following days.
There is the possibility that DOM might try to create LH at around the 5.85 - 5.95% zone cause we are waiting for Israel to respond to yesterday's attack.
Let's see what the chart will give us next.
Bitcoin Faces Bearish Pressure: Analysis Based on USDT.DAs of October 2024, Bitcoin appears to be entering a period of heightened bearish pressure, with USDT (Tether) market cap dominance signaling significant shifts in investor sentiment and risk management across the cryptocurrency markets. The USDT.D (USDT dominance) chart reflects market behavior that points towards reduced confidence in speculative assets such as Bitcoin, with the increase in USDT dominance indicating that traders are moving funds into stable assets. Let’s explore this in further detail, combining technical analysis with fundamental and geopolitical factors.
Sentiment Shift: USDT Dominance on the Rise
The chart indicates that USDT dominance is currently trending upward, hovering at around 5.7%. With a clear upward trajectory from its lows of 3.8%, this suggests that more market participants are parking their capital in USDT. This rising USDT dominance is often interpreted as a bearish signal for Bitcoin and other cryptocurrencies, as it implies that investors are seeking safety in stablecoins, rather than taking on the risk of volatile crypto assets.
Notably, the price action of USDT dominance is testing key Bollinger Band levels. The red bands, indicating higher volatility zones, suggest that there is a heightened probability of a further spike in dominance. As USDT dominance pushes higher into the Bollinger Band range, Bitcoin and other speculative assets face selling pressure. The chart shows a growing preference for stability, which coincides with Bitcoin's decreasing speculative appeal in the current environment.
Rising ATR: Volatility Building in the Market
The Average True Range (ATR) percentage on the chart points towards increased volatility, sitting at 32.6%, and climbing to a peak of 46.9%. This heightened volatility, indicated by the widening ATR band, signals increasing uncertainty in the market. Historically, such volatility is often followed by bearish moves for risk-on assets like Bitcoin.
As volatility grows, traders and institutions typically seek refuge in less volatile assets, pushing them towards USDT or other stablecoins. The increase in ATR% suggests a continued trend of traders reducing their exposure to Bitcoin in favor of more stable investments. The consistent rise in the ATR percentage alongside the growing USDT dominance strongly suggests that the market expects a period of heightened turbulence for Bitcoin.
Fundamental Analysis: Stubborn Inflation, Central Bank Tightening, and Institutional Pullback
Bitcoin’s bearish sentiment can be linked to broader macroeconomic factors, where persistent inflation and tight monetary policies continue to hamper speculative markets. Inflationary pressures remain a concern globally, especially in regions like the United States and Europe, where central banks have adopted a more aggressive stance to tighten monetary policies.
The Federal Reserve’s ongoing interest rate hikes, aimed at curbing inflation, have made riskier investments like Bitcoin less attractive. Higher interest rates reduce the appeal of speculative assets, as borrowing costs rise and liquidity contracts. The shift to USDT reflects the broader flight to safety as investors await a clearer signal from central banks regarding future economic stability.
Institutional interest in Bitcoin has also tapered. Many firms that entered the space during the 2021 bull market are now pulling back, reducing their exposure to cryptocurrencies. Institutions are becoming more risk-averse as concerns about tightening financial conditions, higher bond yields, and slowing global growth take center stage. This reduced demand from major market players further adds downward pressure on Bitcoin.
Geopolitical Factors: Global Uncertainty
Geopolitical instability is another critical factor weighing down Bitcoin's outlook. Ongoing conflicts, notably in Eastern Europe and the Middle East, have led to considerable uncertainty in global markets. Investors are now factoring in geopolitical risk alongside economic risk, leading to a preference for safer assets.
Additionally, regulatory scrutiny on cryptocurrency markets, particularly stablecoins and decentralized finance, has escalated over the past year. US regulators, for example, are increasing oversight on Tether and other stablecoin providers, but ironically, this has not diminished the market's reliance on USDT as a safe haven. The market's trust in Tether amid rising scrutiny indicates a broader retreat from volatile assets like Bitcoin and a preference for liquid, USD-pegged stablecoins.
Moreover, China’s continued crackdown on cryptocurrency activities and Europe’s regulatory frameworks have dampened enthusiasm in the space. These geopolitical tensions contribute to the bearish outlook, as regional instability and regulatory pressures keep risk appetite low.
Bitcoin's Path Forward
Considering these factors, Bitcoin faces significant headwinds in the near term. The chart analysis, with rising USDT dominance and escalating volatility, presents a clear bearish picture. Coupled with the current macroeconomic and geopolitical backdrop, Bitcoin is likely to experience downward pressure as market participants continue to seek safety in USDT.
The combination of central bank tightening, heightened global risk, and regulatory challenges makes it difficult for Bitcoin to regain the speculative momentum it enjoyed during previous bull markets. While Bitcoin has historically shown resilience, its ability to recover in the current environment looks increasingly uncertain.
In conclusion, the growing dominance of USDT in the crypto market reflects a broader shift away from risk assets like Bitcoin. With rising volatility and macroeconomic challenges, the bearish pressure on Bitcoin is likely to persist in the coming months, barring any major shifts in the global financial or regulatory landscape. Investors should remain cautious and consider hedging strategies as the cryptocurrency market enters a more uncertain phase.
Tether's Dominance Analysis (1D)First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT .
One of the indexes that helps our risk management is Tether Dominance.
As you can see, this index can go up to the yellow circle and then it will not be rejected.
For risk management, until Tether's dominance reaches the yellow circle, we enter the symbols we analyzed with small volumes or we do not enter.
When this index reaches the range of the yellow circle, we will look for buy/long positions on Bitcoin and some altcoins.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BTC Rally TargetsMy Potential Targets for a Local Top on BTC/Crypto is the 20W SMA for USDT.D and the zone between 4.71 - 4.81.
Confluence with 1D RSI (it should be in bottom zone by 1st, if not 2nd Target.
The zone and MA has acted as Support 3 times previously in 2024:
July 29th, 2024
July 22nd, 2024
June 17th, 2024
I will be watching those areas for a bounce in USDT.D which would correlated with a local top in Crypto/BTC
USDT.D Index Analysis: Bullish Breakout Imminent?The USDT.D index is showing strong signs of a bullish breakout after successfully breaking through its dynamic resistance range. Following a surge in demand near the critical 5.11 level, USDT.D has embarked on a short-term uptrend. A sustained move above the current dynamic resistance could further fuel this rally, potentially leading to a test of higher resistance levels in the near future.
Stay informed: Keep a close eye on USDT.D's price action for potential confirmations of the breakout and subsequent target levels.
What are your overall thoughts ?
USDT Dominance Rebounded from the Support!Hello Traders,
I hope you are all doing well.
USDT dominance has rebounded as per our previous analysis. It bounced perfectly off the 5.20% support trendline, causing BTC and other altcoins to drop.
If the dominance continues to rally from here, be prepared for a significant market crash. On the positive side, this could present a good opportunity to buy BTC and some altcoins at lower prices.
For now, consider staying in USDT and avoiding high-leverage long trades. Be cautious and always conduct your own research before investing.
Thanks.
% USDT Dominance is giving us the bigger picture.I have been trying to scalp trade crypto profitable since 2017. After looking at all the wrong places I concluded that TA in USDT Dom chart is the best way to go. Just keeping everything clean and understandable with Price Action in DOM chart you can see the big picture for the market, even on lower TF.
At 1H TF Dom will retest the 5.70% level leading to a market dump the following 10-12 days before it starts to drop and lead the bullish cycle mid/end of October.
USDT.D Wyckoff Distribution Profile - Bullish Q4 Upon UsUSDT.D Distributing as BTC accumulates.... The Perfect Storm and great times ahead in Q4 are upon us!
As BTC sets up in its accumulation range near perfectly aligned to the accumulation schematic i shared prior.
USDT.D is setting up near perfectly according to the Wyckoff distribution schematic too, which is no surprise as their relationship is inverse.
A pullback is needed and forming in the market, forming phase 3 of the profile into last points of support and last points of supply.
Phase D to follow - The expansion out of the range, leading us into a beautiful Q4!
Just as BTC looks to be in an accumulation range, USDT.D looks like its forming a local distribution range as expected at these levels and as ive said plenty of times prior.
When I delve into the daily TF it becomes more apparent and easier to see, just like it is on the BTC accumulation range.
USDT.D has pushed into the FVG i was looking at and come lower into the range lows and closed bearish on the daily below the prior swing low indicating weakness.
USDT.D is naturally having a pullback now after taking SSL and filling all the FVGs in the range, and BTC and the market is also having a pullback as this trends up with it being inverse.
As im seeing this as a distribution range, i expect this to push back into the upper bound of the range into supply and form a last point of supply in a distribution profile, before continuing bearish pro trend and truly breaking to the downside throughout Q4. This is the same as my BTC analysis where im looking for a BTC pullback into a LPS before continued upside into new ATHs.
This in turn sets us up for a bullish Q4 in the market as USDT.D breaks down bearish pro trend and into the HTF targets around 3.73%, whilst BTC pushes into new ATHs alongside a bullish market.
We are not prepared enough for whats to follow 🚀
USDT Dominance: Crucial decisive point!!Join our community and start your crypto journey today for:
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let's analyse USDT dominance on Shorter Time frame:
USDT dominance is currently at the channel support within a parallel channel and has been following a falling wedge pattern since reaching the channel's upper boundary.
Two potential scenarios could unfold:
Scenario 1: USDT.D bounces off the channel support, moving back towards the middle of the channel. This could create a mid-term bearish trend, potentially pushing BTC below $60k.
Scenario 2: USDT.D breaks downward through the channel, hitting the 5.06% level. This would likely propel BTC further towards FWB:67K and beyond.
In either case, the market is set for a significant shift within the next 1-2 weeks. Be ready!
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
Usdt Dom & Where is the market going on?Usdt Dom 1D chart;
First of all, we see that it is at the bottom level within the ascending channel.
If it closes below the level I indicated as +OB, the trend direction will change downwards.
However, since this has not happened yet, we cannot say that this chart will fall.
It is exactly this level that makes me think the most.
So what exactly am I waiting for?
If the day closes below +OB, a decline may come down to the white trend line at the bottom. This is exactly the 3.23% level. If this happens, I will not delay my purchases.
However, if it sticks to the trend channel it is in and an upward reaction comes from here, it is possible to rise up to the 6% level first.
Now you know exactly what this means.
$USDT.D chartOne compelling metric to help make decisions when buying or selling crypto assets is the CRYPTOCAP:USDT.D chart (Dominance of CRYPTOCAP:USDT over other assets). Accordingly, the higher the indicator, the more money flows into CRYPTOCAP:USDT from other crypto assets.
Looking at the two graphs, it's hard not to notice a simple pattern: the higher CRYPTOCAP:BTC , the lower CRYPTOCAP:USDT.D , and vice versa.
CRYPTOCAP:USDT.D is currently testing the important level of 5.26%. Accordingly, money will now be transferred from crypto assets to $USDT.
This is a +1 factor, and it's time for a CRYPTOCAP:BTC correction.
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Bearish Outlook on USDT Dominance (USDT.D)Hello Everyone! 👋
I hope you’re all doing well. I’ve shared my thoughts on the USDT.D price in the chart below. I believe this analysis could be useful for your trading decisions.
📈 Rationale:
Market Dynamics:
A decrease in USDT dominance typically reflects a shift in investor confidence toward altcoins, leading to increased liquidity and buying pressure.
Technical Analysis:
Recent price action indicates weakening in USDT.D. Indicators such as support a bearish outlook.
Impending Breakout:
A break below 4.28% to 4.31% could trigger swift market reactions, providing ample trading opportunities.
CRYPTOCAP:USDT.D
Best Regards
USDT.DOMINANCE 1DAY CHART UPDATE !!The chart displays an ascending channel (white lines) where USDT dominance has been trending upward since around April. The price has touched both the support and resistance lines multiple times, indicating that USDT's dominance is respecting this pattern.
Currently, USDT dominance is at 5.27%, near the lower bound of the ascending channel. The chart suggests this is a potential support level, and the price may bounce from here based on previous behavior.
The yellow line could represent a moving average, which is currently sloping upwards, further supporting the potential for a continued increase in dominance.
The green curve suggests a possible bullish path, leading USDT dominance to potentially rise to the 6.60% level, possibly aiming for the 7.00% mark as indicated by the upper brown box.
The brown zone around 7.00% has historically been a resistance level. The area between 4.56% (orange line) and the lower red zone has acted as significant support.
This suggests a likely increase in USDT dominance in the coming weeks, with a potential upside toward the 6.60-7.00% zone. Would you like a more detailed interpretation or further analysis of its potential market impact?
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.
USDT.D update: BTC retest upcoming!!Join our community and start your crypto journey today for:
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let's analyse USDT dominance:
USDT dominance (USDT.D) has been on a downward trend for approximately three weeks. It is currently trading within a parallel channel. A recent sharp decline from the upper channel line resulted a surge in BTC price, pushing it above $66,000.
As USDT.D approaches the channel base, a potential rebound may be imminent, which could lead to a retest in BTC price. If USDT.D breaks below the channel base, the next support level is at 5.06%.
Key Levels:
Resistance: 5.43%
Support: Channel base
Lower support: 5.06%
Trading Recommendation:
It is advisable to avoid taking long positions in futures markets at this time. If you currently hold futures positions, consider taking profits to secure your gains. In anticipation of a potential retest, averaging down your position may be a viable strategy.
Risk Management:
Implementing a stop-loss order is crucial to protect your capital from significant losses.
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
USDT.D strong support level- USDT.D approaching strong support level
- Markets are overheating a bit, expecting some pullback for the new monthly open and then a break down below this channel
- If strong bounce here then no bull run for these two months(unlikely but possible)
- Took TP on all my longs and moved SL to atleast BE
USDT dominance outlookThe USDT dominance chart provides valuable insights into the market's direction. A notable market movement often correlates with a decline in USDT dominance. When the dominance of stablecoins decreases, it suggests capital is flowing into Bitcoin and altcoins, signaling increased investor confidence in riskier assets.
In the world of crypto, it’s crucial to follow the flow of money and understand how liquidity is circulating. On the current chart, I observe a potential bear flag, with the RSI breaking its upward trend—a sign that aligns with the broader market sentiment. Bitcoin has recently broken its downtrend, confirmed by a higher low and a higher high.
Pay close attention to the 3% to 3.8% range on this chart. I anticipate this range may mark the peak of this cycle, providing a key area to watch for in the coming weeks/months.
