USDT.D trade ideas
$USDT Dominance' s 2 Way#usdt #tether dominance chart may follow these two path. Ascending channel is on the play since 13th March 2024 (Mid term)
Bitcoin and USDT Dominance Compare IYou can use this chart to predict the price of Bitcoin by comparing it to USDT dominance.
When USDT dominance shows signs of increasing, Bitcoin will undergo a correction.
Analysis of Tether's dominance in history 2024/05/09According to the previous analysis of Dominance Tether
It showed a small reaction to the red range and continued the trend
And because there was a cap above the red range, it quickly reached the yellow range
USDT.DDominance analysis of the daily time frame
By analyzing the dominance of Tether, we can have a better view of the movement of Bitcoin.
BEARISH WHITE-SWAN HARMONIC PATTERN ON USDT.D#USDT.D is printing a bearish trend continuation, white-swan harmonic pattern on the daily.
To be noted however is that the price has an upward move towards 6.2-6.5% zone before trend continuation.
This means that the market might keep bleeding for now📉
USDT.DDominance Tether bounced back higher after hitting the support zone
The red range is the dominance resistance, which goes up in case of Sharp's failure
In this move, Sharp Bitcoin reaches the range of 52000
USDT.DUSDT Dominance has apparently completed its downward movement in the 4-hour time frame.. which has been completed in the form of an impulse that can be considered wave A or 1.. which of course we have named wave A for now..
In the following, an upward phase can be completed in the form of wave B. Based on this, we can expect growth up to 5% and even higher levels. Time 4 hours..
Forecast USDT DominanceUSDT dominance is undergoing a retest following a 5.38% increase. Currently, the retest stands at 4.7%, which is likely to influence a correction in BTC. The next potential increase in USDT.D is projected to be around 5.08%.
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.
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usdt.DIn my opinion, Dominance Tether is a little tired and should implement one of the three plans I have considered for it. It is possible to implement a part of each plan.
USDT.D 4H analysis - May 04 2024it's logical and wise to assume that USDT dominance might face some support in 4.8% area followed by a small rise which shall cause some small correction/dump in BTC and the market. of course the other scenario is that 4.8% area breaks and USDT.D drops to next level of support (4.6%).
USDT.D 12H update - May 04 2024USDT dominance perfectly followed May 01 analysis and started to drop from 5.4% area which resulted in a good pump in BTC and the market.
ALERT :Tether Dominance Falls and Enters DowntrendTether Dominance Falls and Enters Downtrend: Potential Boost for Bitcoin and Other Cryptocurrencies
Key Points:
Tether dominance has fallen and re-entered a downtrend.
This could lead to an increase in the price of Bitcoin and other cryptocurrencies.
If you have any short or sell trades, it may be best to exit as soon as possible.
Tweet:
Tether dominance falls and enters downtrend, potentially boosting Bitcoin and other cryptocurrencies. Exit short or sell trades ASAP! #Bitcoin #Crypto #Tether
Explanation:
Tether dominance: This refers to the percentage of the total cryptocurrency market capitalization that is held by Tether (USDT). A decrease in Tether dominance suggests that investors are moving their money into other cryptocurrencies, which could put upward pressure on their prices.
Downtrend: A downtrend is a technical analysis pattern that indicates that the price of an asset is likely to continue falling.
Short or sell trades: Short sellers borrow an asset and sell it with the expectation that they can buy it back at a lower price in the future. Sell traders simply sell an asset that they already own.
Exit short or sell trades: This means closing out your short or sell positions to avoid potential losses.
USDT.DAt present, there appears to be one more critical resistance level standing in the way of a fall in USDT.D, which i believe once it broke the resistance we can see USDT.D at 2% mark.
Trade safely.
#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.
USDT.D Analysis USDT.D has bounced of the trendline from 2018 and is looking bullish after a decending trend anbd bounced of the short term 5ma. In terms of the crypto market, this is a bearish sign as when usdt.d goes up everything else goes down. Look at historical times, like the 18' bearmarket. If we ever break down from this trendline the market will see a massive increase.
For now, be cautius with longs and bullish charts.
USDT.DGood Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
Stablecoin Dominance Tipping PointI see two possible scenarios playing out:
The Bullish Scenario
The dominance goes lower and respects the current downtrend. This could either bounce off roughly 6% (this area has seen some interesting patterns in the chart) or just continue collapsing down. This would be bullish depending on if we don't have much trouble clearing the 5.8-6% range.
The Bearish Scenario
We break the current downtrend by going up to 7.5% or above in the next 2-3 weeks, at which point I think that worst case we would test somewhere around 8.15%. This would be short to slightly medium-term bearish at the worst in my opinion.
I lean towards the bull case simply because markets are usually boring or choppy the month or so after the Bitcoin halving event; things usually ramp up after. We've dumped over 20% in BTC and altcoins got flushed aggressively while not establishing lower local lows at the same time as BTC did recently.
Despite being bullish, it's definitely at a tipping point where if it goes up by a bit more then it's a cause for concern. This is a good chart to watch closely for the next 1-3 weeks as evidence of more incoming corrections for a few more weeks or as evidence of the bullish trend resuming.
USD DominanceI have put together a chart on the dominance of the three largest USDT.D+USDC.D+DAI.D
Stables. This is the most interesting season that I have seen!!!
USD dominance has failed to unprecedented levels of 30% in the entire history!
It's usually 40-50%
So that you understand 70% of the cache in the market!!!
I assume it may decrease to 83%
But it doesn't seem to help me! Everyone has become some kind of brave!
Usually 60% rivers of blood and torn farts!
It seems to me that because of the large number of project drops, people have lost their vigilance!
There are a lot of free coins in the market!!!
I don't know how it will end!
Technically, we are in the second zone, there is a certain overflow movement!
Maybe a sidewall with an exit from the Cue Ball to the Alta (Altseason)!!!
Maybe the Third zone is 3.45-2.1 level 2.96
This is exactly the volume of the total since 2019, the level of 3.17
