USDT.D going higher?As it is depicted on chart of USDT Dominance we can see USDT making higher highs and higher lows in the last several weeks as well as breaking out of and retesting of The Line…I think if we close weekly candle above the line we can expect a rise in USDT Dominance in short term…
Lets see how its gonna work out.
Always a Student.
USDT.D trade ideas
Bitcoin might have one more little surprise in storeThe whole market is definitely printing signs of topping structure as well as the fact that a myriad of black swan conditions is facing the economy right now. However, Tether dominance is showing that there may be a short term move up for BTC as Tether dominance has rejected it's top trend in a bear flag.
Long-term trend support on the linear has long been the limit for BTC topping out and could go back to that trend or potentially not quite that far so watch momentum oscillators. Also be aware that algorithms will sell off if the SPX and NDQ dump. Take entries with caution as we aren't far from a large correction in my opinion and I highly doubt that the long standing bottom trend will break, even though the USDT.D linear has never been under it's 200 EMA on the weekly time frame.
Remember, lower targets for USDT.D can't be ruled out but are highly unlikely. Considering the constant liquidity through Janet Yellen's issuance of treasuries, I wouldn't completely rule it out either.
USDT.D A Wider LookSome days ago i look into USDT.D in smaller TF and we make decent profit in the entire market from buying and selling in both perfect time. But today we are looking into a wider range which may take weeks to play out. Ideally any dip from now is worth buying because market is signaling a reversal in my own opinion
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
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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
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
USDT.D :It has entered the supply zone, but today you want to open a position, reduce the risk and reduce the stop and make it smaller
Today, we can't get much entry from the Dominance Tether Trigger, the downward trend of the market is stronger, which means that the coins themselves give you a position more easily, especially a short position.
USDT.D A Closer Look updateIn an ideal world this should be an area where we can start buying some Good Altcoins like ETH, APT, BLZ, TIA and so on… but as you all know there’s always error sometimes in price action, that is why DCA is important. Back to the main topic, i do see this coming to reality and i marked two new areas where we should expect immediate reversal from there since we have already taken high of the range.
USDT.D viewTether is forming a chart with a huge trend line
You can see that by looking at the chart right above
This has never been broken since Tether formed
And Tether has an inverse relationship with BTC
If you look LTF chart
you can see the channel and leading diagonal
like this
and supported on 61.8% retracement
you can see the box area and the place where it explodes is the direction
if USDT.D go down
red zone will be the good support zone
Anyway, we have to respond with an upward perspective
USDT.D analysis - June 10 2024Followed previous analysis (May 27) and another retest of the 4.5% - 4.6% area took place. but the subsequent drop failed to create a new low below 4.33% level (due to the recent NFP data)!
here's the new analysis:
two important levels have been identified which are 4.33% and 4.63% .
Crossing below 4.33% is bullish for #BTC and other coins while crossing above 4.63% is bearish for the market (identified by color Red).
Scenario with higher possibility:
#USDT.D is about to break the blue channel from above. Once done , crossing above 4.63% - 4.67% will probably activate the target area of 4.82% - 4.96% (which can cause BTC to dump towards 62K-63K zone)
under no circumstances should it cross above 5.11% level as it can damage market's bullish structure! #CRYPTO
Here's the next good short on a platterThe trend support on USDT.D linear weekly has been the top indicator for BTC for 15 years. However, USDT.D has never been under it's 200 EMA on this TF before so proceed with caution. It's highly unlikely we break this trend and EMA's are lagging indicators but TA is an if/then proposition so use stop losses wisely. If it breaks I guess Tether dominance going to 0% and moonbois will be losing their minds...LOL