Bearish divergence on $USDTD chartThis divergence may cause #usdtd #usdt dominance to weaken for a short time frame, thus #btc and #altcoins may have some bounces. Not financial advice.
USDT.D trade ideas
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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Thank you
#PEACE
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
USDT.D A Closer Look 2nd UpdateWell you’re welcome. But after making this good profit on either spot or futures.. it is wise to start realizing those profit especially due to the recent USA inflation % lower today which might likely entice people to use more leverage and push the market..
USDT.D Can dose thatHi dear firends
i expect this path for USDT dominance and i think it has good correction
if its occure it can be good opportunity for BTC and Alts market .
its my personal idea and not a investing suggestion . please manage yor risk .:)
TnX
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.DCRYPTOCAP:USDT.D This is a chart showing my expected outlook for the upcoming move
Do not take it as a recommendation to buy or sell
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 dominance is exhausting?#usdt #tether dominance chart about to have a parabola continuation but also made a bearish RSI divergence. If divergence plays out, #btc #eth #sol #bnb #xrp and #altcoins will have some bounces. Parabola continuation suffers the market. Not financial advice.
Bad For BitcoinUSDT.D has to stay under the 200 EMA or major correction inbound. RSI on high TF's looking extremely bearish for BTC so any manipulation to higher short liquidity will happen on the hourly TFs and under.
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
USDT.D A closer lookUSDT dominance is one of the best tools out there far better than USD dollar index (USDX) and it appear we will see more red than people would expect.. but after all we will see good rally in Altcoins but for now i expect little consolidation and little more downside on altcoins
USDT.D :We will go to the game with him for a hundred to a hundred and twenty days
Just because I don't do business is not a reason why you shouldn't
Below 4.51 I open a long position and above 4.55 I open a short position
USDT.D / Move downFor Tether , I expect a strong corrective movement in the next few days, which will pump Bitcoin and altcoins.
#btc
#usdt
