USDT DOMINANCE TARGETTING 8.93% OR MORE - MIDDLE TERMMy fundamental analysis , i expect the continuation of the inflationary pressure around the world that's why i'm still very bearish in crypto currencies.
Here i'm waiting for the continuation of the uptrend with a nice quintet elliot wave, targetting fibonacci 2.618 and may be more 3.618.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
Usdtd
USDT.D Second scenario.The second scenario for USDT.D is more possible for me, which is going to the green zone inorder to grab more liquidity before retesting the red horizontal rectangle. If this scenario happens, BTC will go to the price of (23200) and then we will head to (20500). This scenario is more possible for me and this is what I'm keeping in mind. Waiting for confirmations. Will keep you updated.
📈 Tether Dominance 25-Feb. Update = Bitcoin BullishFor this update, I left the chart from the 25-Feb. trade idea intact where I mention:
"Last time USDT.D found resistance at EMA50.
"Yesterday, the peak was hit at exactly this same level.
"This resistance is there but likely to be taken out."
USDT.D is now facing the next resistance in the form of EMA100, this one is stronger and less likely to be taken out.
In fact, I believe that this one will hold but let's see what the chart has to say as believes don't hold much value in this game.
The trading volume has been low and it is going lower.
The RSI is curving down and showing some bearish divergence.
Technically speaking, solely focusing on the chart, this resistance can also break but the next one at 7.51% is super strong and the last level, MA200.
Conclusion
We are seeing a bounce take place but the bearish bias remains strong.
The initial move is a bearish breakdown that happened in January, after a lower high in December.
This drop continues active below 8.77%.
But we are looking at a drop now and Bitcoin moving ahead.
If it moves to MA200 it should all still happen within a matter of days, say 5-9 days max and that's it for this bounce.
For those not familiar with why I am reading this chart.
Bitcoin (BTCUSD) and Tether Dominance (USDT.D) have an inverse relation.
When USDT.D drops, Bitcoin goes up.
When USDT.D goes up, Bitcoin drops.
USDT.D is now facing resistance as EMA100 and if this resistance holds, we get a continuation of the previous drop... And Bitcoin goes up.
Namaste.
USDT Dominance Upward to supply zone. USDT.DHello my friends, Consider USDT market cap to help identify market movement, Everything is marked on the chart. The ascending trend has been broken and for now going to retest as a pullback to 7.8% that we expected, then it drops to 5.5%.
Good luck.
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📈 Tether Dominance Bounce vs Bitcoins Correction AnalysisTether Dominance produced a bounce and this isn't surprising as this is within normal price action.
Last time USDT.D found resistance at EMA50.
Yesterday, the peak was hit at exactly this same level.
This resistance is there but likely to be taken out.
If EMA50 is confirmed as resistance a second time the below analysis isn't necessary.
After EMA50 or 7.04% Tether Dominance faces another challenge in the form of EMA100 (7.31%) and MA200 (7.46%), these resistance level are likely to hold.
The candles can pierce a bit above these levels before dropping or it can drop before reaching said levels but these are very likely to be confirmed as resistance on the first try as it happened with EMA50.
MA200, the black line on the chart, is a long-term indicator and thus this resistance needs to be confirmed.
Since it is the first time that USDT.D moves below this level since April 2021, it is important to retest it before continuing lower.
Once a level is turned, in this case from support to resistance, it needs to be tested as resistance to see if it holds.
If it holds, the USDT.D long-term downtrend is confirmed and the index is set to move much lower.
If it doesn't hold, the downtrend is likely to be over and USDT.D can resume growing.
Our belief based on reading multiple charts all across is that this level will be confirmed as resistance.
It can happen sooner than expected but the timing is for the market to decide.
Bitcoin moved from $15,500 to $25,250, which makes it normal if any type of correction, short or strong shows up.
But after the correction continues the growth.
Bitcoin is ultra-bullish above $22,222.
Bitcoin remains extremely-bullish above $20,000.
Breaking below $20,000 would be a very bad signal but the bullish potential would remain intact above the late November 2022 low.
As long as Bitcoin continues trading above its November 2022 low, the bullish potential for higher highs and higher lows long-term remains active.
Namaste.
USDT.DOMINANCE 1DAY UPDAYE BY CRYPTO SANDERS !!Hello, welcome to this USDT. dominance update by CRYPTO SANDERS.
CHART ANALYSIS:-USDT.D is bouncing from the horizontal support. If it breakout the current resistance level, a further bounce is expected toward the horizontal resistance.
The general pattern is bearish as it is exchanging beneath the Ichimoku cloud. We've to wait for a solid breakdown of the horizontal support, which would confirm another bullish move, as USDT.D works inversely proportional to the crypto market.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
📈 Tether Dominance Points LowerUSDT.D bounced from 2-Feb. to 14-Feb. finding resistance at EMA50 and producing a lower high.
EMA50 has been confirmed as resistance and this lower high will now lead to a lower low.
USDT.D is set to drop based on this MA analysis.
Also, the RSI is below 50 which is bearish.
The MACD below zero while printing a bearish cross.
These additional signals support a lower low.
As USDT.D goes down, Bitcoin and in this case the Altcoins mainly will go up.
Remember that just as the big Altcoins take turns with the smaller Altcoins, Bitcoin takes turn with the market as a whole.
Namaste.
USDT.DOMINANCE 1HOUR UPDATE !!Hello and welcome to this USDT.DOMINANCE chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:- Looking at the dominance of USDT it looks like a 6.66% to 100ma scheme which could fall to 6.41% if 100ma dominance is broken and closes above this chart it will be invalid.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
📈 Tether Dominance Resistance EverywhereWe are seeing a small bounce taking place on the Tether Dominance chart matching the current red candle in Bitcoin's and Ethereum charts... As well as everything else since the entire market is connected and does the same.
Tether Dominance already found the first resistance at EMA10, this is the easy short-term one.
Notice the bearish cross between EMA50 and EMA100. A bearish cross always leads to a bounce short-term but fully develops mid-term.
A bounce that ends up in a lower high to produce a lower low. This is strongly bullish for the entire cryptocurrency market.
We saw this same signal to support a bounce on the Tesla (TSLA) chart.
After EMA10 we have the 0.618 Fib. retracement (strong resistance).
Followed by MA200, long-term support turned (strong resistance).
Then the bearish cross is another strong resistance level.
Finally, the 0.382 is a major strong resistance.
Tether Dominance is set to continue lower, regardless for how long or how high goes the bullish break.
It is normal to see corrections and retraces, it is also normal to see a continuation of a newly stablished trend.
Namaste.
📈 Tether Dominance Trading Below MA200 Favors The BearsThis is a long-term chart for USDT.D (Tether Dominance)... Notice the black line, MA200.
Back in late December 2021, Tether Dominance moved above MA200, this signaled the beginning of a long upwards trend.
This also confirms MA200 as a long-term indicator.
Recently, 13-January-2023, Tether Dominance moved decidedly below MA200, signaling a long-term potential going lower.
As USDT.D goes lower, Bitcoin/Cryptocurrency goes higher.
If it goes lower long-term, crypto goes higher long-term.
Thank you for reading.
Namaste.
USDT Dominance Breakout ascending trend line. USDT.DHello my friends, Consider USDT market cap to help identify market movement, Everything is marked on the chart. The ascending trend has been broken and for now I expect a retest as pullback to 7.8% then it drops to 5.5%.
Good luck.
If its useful please like it as a support and follow me for next analysis :)
📈 Tether Dominance Goes Below SupportWhile a bounce was expected at the 0.618 Fib. retracement for USDT.D, it didn't take place.
After the close below this level 14-Jan., confirmation has been received with two additional candles/sessions staying below.
The RSI has gone super weak... 17, extreme oversold.
It is tricky here... As you can see from late October/November 2022, going below a support level can quickly result in a bounce.
Something similar can happen here where we see prices going up just to come crashing back down.
What's important to know for us is that any recovery should be temporary and then a lower low.
It can go straight down as well...
Namaste.
📈 Tether Dominance Weekly | July 2022 RepeatThe weekly candle is full bearish for USDT.D and we have some interesting data to analyze.
Tether Dominance is staying right above support in the form of a 0.618 Fib. retracement level.
The weekly candle closes in about 30 hours.
Looking back at July 2022, this exact same level was tested. As USDT.D broke below it, what followed were four red weekly candles (28 days) that ended up testing the 1 Fib. retracement.
We have the same scenario now.
The weekly session is about to close right above support, this happened last time but only to be followed by strong bearish action.
The RSI is in scuba diving mode and we have a volume breakout on the bearish side.
A bounce can happen at support, this is normal... But the signals are pointing lower, clear and strong.
The next targets are 6.45% and 5.65% which would mean a Bitcoin price of $23,000 to $25,000.
Namaste.
📈 Tether Dominance, The Final ConfirmationIncredibly enough, some people still have doubt that Bitcoin and the Altcoins will continue to grow.
Here is the final confirmation in the form of a strongly bearish USDT.D chart.
Remember that one mentioning this thing is about "to speed'...
Well, this "thing" has more down to go before it finds support.
At least one more strong red candle, then a small bounce before more lows.
Namaste.
📈 Tether Dominance Chart Updated | USDT.D 7.08% = BTC $20.5KNow that we have a clear picture, now that the bearish bias is basically confirmed... Let's update the chart.
Tether Dominance will drop and we have targets at 0.5 Fib. retracement coinciding with MA200, a sure stop, followed by 0.618 Fib. retracement golden ratio coinciding with value area.
Now, how much would bitcoin grow if USDT.D falls to these levels?
Bitcoin is sitting right now at $16,950 and a drop by USDT.D to the first target of 7.53% would put bitcoin in the $18Ks.
The next target, the Fib. retracement golden ratio, sitting at 7.08% of Tether Dominance, would put bitcoin above $20K....
And that is only the beginning, we are looking at a long-term bearish wave for USDT.D based on the long-term lower high.
Which means that bitcoin can do much more... But we go step by step, this is only how things start.
Namaste.
📈 Tether Dominance Speed...The drop here is about to speed up, the one we mentioned in the last update/trade idea, and additional confirmation is coming in.
12H, USDT.D printed a strong rejection while trying to move back above EMA10 and EMA21
This rejection pushed the index down to below EMA50 as well and the RSI is turning weak.
A sudden drop is about to take place... We don't know if it happens within hours or several days.
As soon as it happens though we can see the inverse reaction for bitcoin, the altcoins, to take place.
A nice jump, everything will move up 1 full level... The relief that we've been waiting for.
Thanks a lot for your continued support.
Feel free to Boost 🚀👍 if you like!
Namaste.
📈 USDTD Bearish Wave! +Bitcoin +Altcoins +2023 & Beyond Mapped!The wait is over...
We are getting confirmation from this chart, the Tether Dominance bearish wave is about to start and likely it will go fast.
USDT tokens will be flowing to bitcoin and the altcoins.
Bitcoin and the altcoins will grow together for a while.
Bitcoin will go ahead after a few weeks while the altcoins stay behind.
Bitcoin will steal the show for a while.
While bitcoin moves ahead the altcoins will enter correction mode/retrace.
Once the altcoins stop their correction it will be bitcoin's turn.
The altcoins will print a higher low and grow, money flowing from bitcoin to the altcoins.
This will create momentum, there will be hype and new players will enter the game.
It will be a small bullish breeze but it will stop once again.
Around March, late... We will be back to the energy/feelings we had in 2021 for 3 long months... It will feel like the end of the world but at the end there is always a new start.
My calculations are pointing to 2-3 months bullish followed by 3-4 months bearish...
Then another consolidation phase at low/bottom prices before the next market phase starts.
2023 will be an interesting year...
The year Crypto Recovers.
2024 will be an interesting year...
The year Crypto Grows.
2025 will be an amazing year...
The next Crypto Bull-Run!
Namaste.
new analysis It's really hard to explain this
but we have a slight downpour, and then about 1 month to 45 days the market is bullish, and the altcoin will grow between 100 and 1000%, currencies with high market caps like Ethereum 100% and currencies with low market caps up to 1000%,
and then we have a terrible fall that many currencies will be destroyed
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I put 7 new analyzes I will let you see all the analysis to pay attention to the analysis dates and do not harm