USDT.D trade ideas
$USDT dominance is still bullish?#usdt #tether dominance rallied too much in June. But it's not over? #usdt may have a Elliott's 3rd minor wave impulsive move to reach the higher red box. Losing current zone is the invalidation.
Usdt.d growth....btc domp!!!!Usdt Dominance managed to exit the triangle and according to the scenario, it will continue its growth until the weekly resistance, I am waiting for more dips for Bitcoin.
USDT.D update - July 6 2024Due to the sell pressure caused by German Gov. and Mt. Gox, USDT.D crossed above 5.4% level and unfortunately BTC dumped below 56,500 zone !
Previously a resistance zone, now the 5.2% - 5.4% area is a support level and it seems USDT.D is doing a retest of the mentioned zone meaning that current greens in the market is likely temporary.
Following the successful retest, USDT.D will most probably head for 6.25% level which means BTC will also head for lower levels (50,000 and probably lower)!
for now let us observe USDT.D's reaction to the support zone!
USDT.D W When bullperiod will end?I've generally shared my thoughts with you in previous posts. Now, I'll share my opinion on when the bullish period in crypto might end. The chart might form a reversal pattern by the end of the year, specifically in the last quarter. Of course, this could happen directly upward or through accumulation. The targets I'm expecting are on the chart.It is up to you.If you see this scenario happens.
BTC & USDT.Dthis happens in the market, however I always say enter the market according to your analysis.
BTC & USDT.Dthis happens in the market, however I always say enter the market according to your analysis.
two zoneThe current situation is that it is currently stuck between two zone.
Red resistance zone and green support zone
It will be bad for the crypto market if it breaks the red zone
Breaking down the green zone will be great for the crypto market.
It has to be seen which zone he will show interest in.
If the green support zone breaks, it will be empty under his feet
USDT.D :It is very beautiful
Close the important resistance of 5.44, the market may be fake
Dominance Tether may reject from 5 to 6.18
Dominance Teter Okhra Bolran may reach 2.61
You can save and profit from 5.44 rejects
BTC & USDT.Dthis happens in the market, however I always say enter the market according to your analysis.
Important USDT Dominance Update!The USDT Dominance is once again reaching out to test the resistance level.
As mentioned, USDT.D must stay below the 5.20% resistance level. A breakout and close above this will invalidate the market's ability to pump. On the other hand, a rejection will give room for the market to breathe.
There are 12 hours left for this daily candle to close, and the next daily candle must be rejected.
Trade safely.
Do your own research before investing.
Regards, Team Dexter.
#USDT
USDT.D Analysis - July 3 2024Following previous posts, USDT.D crossed below the indicated trendline and it seems it's retesting the trendline at the moment.
crossing above the trendline and the previous high can potentially lead to touching the dangerous level of 5.41% and the higher areas which is equal to BTC's drop below 56,500 level making 50,000 and 43,000 the possible targets!
let's not forget that Mt. Gox is distributing BTCs from many years ago, German Gov. is selling and today FED guys stated that there is no rush in cutting the rates and that they will take their time doing so!
as result market is experiencing sell pressure but BTC must not cross below 56,500 level otherwise things will probably become very ugly!
USDT.D 4HTether dominance also indicates a bullish market. If the daily candle closes above the specified range, this analysis will be invalidated.
USDT Dominance - When will the ALTseason begin?🌏 A new week, a new month, a new quarter, and even a new half-year start today, what a sacred day - Monday, July 01, 2024!)
And if you look at and believe the USDT Dominance chart, then in the coming days the vector of the crypto market by the end of 2024 may be decided.
1️⃣ Fix above 5.15% will mean the possibility of an increase to 6.30%-6.50%.
And for the altcoins, most of which are already lying below the floor, this could be natural selection and a death sentence.
2️⃣ Move of the USDT.D index towards 4.50% and below can give an alt-season - which many are waiting for, but few believe in it :)
Below the idea, vote on where you think the USDT.D will move in the near future.
And in the comments, write down the alt pairs you are interested in, and we will make new ideas for some of them
Key Resistance and Potential Decline in USDT Dominance!Key Resistance and Potential Decline in USDT Dominance
The chart shows a strong resistance level around 5.08%. USDT dominance has tested this level several times but hasn't been able to break through.
📉 Current Price Action:
USDT dominance is currently struggling to break past this resistance, shown by multiple rejection candles.
📈 Potential Movement:
If this resistance level holds, USDT dominance might drop towards the ascending support line. The chart suggests a possible decline, as shown by the black arrow.
🔻 Support Levels:
The ascending trendline below acts as strong support. If USDT dominance falls, it might bounce back from this level.
📊 Indicators:
The supertrend indicator on the chart shows a bearish trend.
🔍 Analysis Summary:
This analysis highlights the current resistance level for USDT dominance and the potential decline towards the support line. Keeping an eye on these levels can help anticipate market movements.
Stay tuned for more insights and detailed analysis!
USDT.D :Open a long position below 5.02, but it is not the main long. Correct this process, the main long is below 4.81.
Open shorts above 5.15 position
USDT.D looks Strong!So the USDT.D worked nicely as I depicted on previous chart of usdt dominance( related links).
The chart looks strong and there is possibility that we break above the blue line and continue higher to Full fill the Weekly FVG and reach to daily order block.it can cause significant bleeding of bitcoin and alts.Lets see how its gonna play out.
Always a Student!
USDT.D Analysis (8H) - June 29 2024During last week, the dump in BTC and the market, which was the result of Mt. Gox news, German Gov. selling BTC and war rumors, unfortunately caused USDT.D to cross above 5.11% level and market's bullish structure might have been affected, but there's still hope!
as it can be seen on the chart, USDT.D is currently in a critical zone: in order to see green days and nice pumps in Crypto again, two things must happen:
1- USDT.D breaking below the indicated trendline
2- USDT.D crossing below 4.70% zone
Otherwise, Crossing above 5.41% means BTC will drop below 56,500 low and there will probably be in intense sell pressure in the market and the possible targets for BTC shall be 50,000 zone and then 42,000 zone (the process of hitting 42,000 might take some 3-6 months to complete!)
As mentioned above, there's still hope but we need to be careful as well! #BTC #Bitcoin #Crypto
USDT Dominance UpdateWhat if the USDT Dominance pumps 6% from the current level? 👀
The weekly close is here so let's be cautious with our trades.
Do your own research before investing.
USDT DOMINANCE, shifting to the downside after almost 10 years!The market cap USDT dominance can be used to track the overall sentiment in the cryptocurrency market. When the dominance is high, it means that investors are more interested in holding Tether than other cryptocurrencies. This could be a sign that investors are worried about the volatility of the cryptocurrency market and are looking for a more stable investment.
Conversely, when the dominance is low, it means that investors are more interested in holding other cryptocurrencies. This could be a sign that investors are more confident in the future of the cryptocurrency market and are willing to take on more risk.
Based on our long term data metrics, USDT dominance index has shifted to the downside for the first time in almost a decade! This index has been tracked since January 2015, and it's the first time this has down shifted on it's annual trendline.
This major change in structure is already conveying the growth possibilities in the next few years going forward -- more crypto adoption, more wealth allocation for the crypto market and crypto becoming more and more mainstream in the general public in all shapes and forms even in lower tier countries.
This is also an indication of an exponential growth of the market in terms of valuation and growth in the next years ahead.
This chart should already give you an idea of the possibilities ahead.
It also means, that we're lucky to be in this era to have been witnessing this BIG SHIFT.
USDT.D spotted at 4.78%
TAYOR.
