USDT.D trade ideas
DUMP ALT 50%Hello friends
We were at the tail end of a projected decline
This analysis should have been provided to you 1 month ago!
Now I will tell you the continuation of this process
Altcoins are at the bottom of their downtrend
And after that, big increases can be seen in altcoins
As in the past, the market is facing a 50% drop
And then an upward trend
USDT.DHello friends, Dominance Tether is in an important place (if you put your chart on a logarithmic scale, you can draw these channels), of course, it is on the support trend line in the arithmetic chart.
Anyway, I have these channels on my Dominance Tether chart now (this is just my personal opinion).
Patience is key pt.2Long term: So far nothing new has happened since I published my previous analysis but this one is more detailed. As shown on chart, expecting #USDT.D to try to break the 5 - 5.20% resistance which is unlikely to happen. If it fails I'm expecting #BTC to have new highs maybe even 90000K. But if it breaks the pattern along with the resistance I'm expecting further growth for usdt.d to the previous HH on weekly time frame. A double top at 9% is possible
USDT dominance analysis in daily time frame
Due to the lack of price action area in the price ceiling of Bitcoin, I am forced to do dominance analysis to check the behavior of the market
The green areas are my main support area for the start of sharp upward movement for Dominance, and the price action patterns at the ceiling of the Dominance number indicate for me the registration of new ETH in Dominance.
For now, the good days of the market are over
USDT.D Can can bounce from this areaAfter breaking the bottom of the weekly channel, Dominance Tether has correction equal the mid-line size ofprevious channel, the current collision zone was an important support zone in the past and was able to cause a strong growth of Dominance. Considering that the weekly candle body has not been closed in this area for the past few weeks. It still seems that this area can be a good support for Dominance and cause Dominance to jump up to retest the bottom of the broken channel.
#USDT Dominance: When AltSeason?My previous chart was hidden by tradingview because of some mistakes. So posting this again with a little change!
Tether broke the long-term support of almost 2184 days. This is an amazing development in the price action. The current level is the point for reversal. If there's any big correction happening, it should be around the halving.
TBH, this chart gives me chills. Imagine if this keeps dumping, you'll see $100k in the EOY! Of course, the road will be bumpy, but sooner or later, it's coming.
Alts will have their time after the halving, Possibly June -July to September 2024!
We could see some massive Alt Rallies!
Invalidation: This chart will be invalidated if we break and close above 4.81% in a weekly candle.
Do your own research, no financial advice.
I hope this chart gives you some clarity over your trade decisions.
Please hit the like button if you found it helpful and share your views in the comment section.
Thank you
#PEACE
PATIENCE IS KEYif usdt.d break the 5% resistance which it will likely try to break it soon, then we can even have a new high for usdt.d and new low for BTC. If it fails to break it then we can see #BTC rise to 80K. Taking a look at the divergence on #USDT.D chart , BTC crash is more likely to happen so don't FOMO and wait.