USDT chart
The chart shows strong resistance around the
83,624 level, which has historically acted as a barrier.
Stochastic Oscillator, Currently, it is moving upwards but hasn't yet reached the overbought zone, which suggests there might still be room for further upward movement before a reversal.
The RSI is in a bullish position but hasn’t reached extreme overbought levels. This supports a bit more upward movement potential.
The MACD is in a bullish crossover and momentum is positive, indicating continued upward trend strength.
Given these indicators, a reasonable take-profit level could be set around $83,500 - $85,000. This range captures the resistance while allowing some buffer above the $83,624 level, where some profit-taking might occur if momentum continues.
USDT.D trade ideas
USDT.DThe USDT.D dominance is expected to decline due to the formation of a cup and handle pattern.
The identified level is the weekly order block, which is expected to prompt profit-taking in altcoins if a reversal occurs from this level. In any case, I will start taking profits once USDT.D reaches this level, along with additional confirmations from indicators like USDC.D and BTC.D.
USDT.DCRYPTOCAP:USDT Dominance: It has steadily decreased over the past two years 📉 and is now at the MA55 support level on the monthly chart (1M) 🛡️. In March this year, it reached this support and quickly rebounded 📈. We might see a false breakdown below this support over a period of few months 🔄. Additionally, there is a symmetrical triangle 📐; if the price touches the support, the chances for a quick rebound are high, as it usually does not stay at this level for long ⏳.
A decrease in USDT dominance means that less money remains in stablecoins and is moving toward other cryptocurrencies such as BTC, ETH, and altcoins 🚀. This is often a sign of growth in the crypto market 📈, as investors take on more risk, shifting from stablecoins to more volatile assets.
USDT DOMINANCE UPDATE (4H)First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT .
When the Dominance Tether hits the red box, we expect a reject. This area seems to cause the cryptocurrency market to take a break for the continuation of the drop
Closing a daily candle above the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
USDT.D updateThis analysis once again showed us the way with almost 12% correction causing good growth in the market
Now pay attention how market reacted to our zone & how this index pumped for at least 4% causing some blood in the market
At this point we have to follow market behavior to see whether it will keep this correctional momentum or not
USDT Dominance can surprise everyone First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT .
the signs say that either wave G is not over or we have an X wave, which means that USDT Dominance can drop back to the green box.
If the green box does not support USDT Dominance it could be a deep drop.
Bitcoin's dominance is bullish, so the price of bitcoin can become very bullish in the coming days.
Even the news of the war could not bullish USDT Dominance, which means that the situation of USDT Dominance is bad.
We have shown the new movement of USDT Dominance with an orange arrow on the chart
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Fantasy. BTC x ETH x USDT DOMINANCEIn their theory I just try to f*ck around to find out.
USDT.D% chart is inverted. But there is something very important in dominance. Maybe big players use exit from btc/alts to usdt when they see this magic trend line. Because of this we see how D% growing and crypto falling.
Do NOT try to trade & invest using this fantasy. Again, I just try to find out and I need theories to do this.
USTD.D updateThis is USDT.D, a reverse indication to how BTC will perform based on money flow concepts. It looks like USDT.D is starting to form a bullish harmonic pattern and if it does and plays out, BTC will dump. Now only that, the PRZ (potential reversal zone) on the harmonic pattern has weight being based on both yearly VWAP as well as a trend line that is based on Fib levels. Therefore, I am looking for quick short scalps today as I believe a retrace is coming.
Analysis can always be wrong based on these, so no matter what or how much you trust me, trade safely and have back up plans! @Nate Alert
USDT.D updateFinally USDT Dominance gave up & dumped from the highlighted area to finish wave G of our diametric pattern
7.5% Correction in this index which caused good recovery in some of the alt coins. At this point we expect this index to range for a while so some of the alt coins could gain more momentum
We have to keep our eyes on this index to look for a new pattern forming
Next Stage of Bull MarketUSDT.D is testing the 20 W SMA which has been a key level for Bull Markets.
The zone and MA has acted as Support 4 times previously in 2024 which have correlated with BTC Local Tops
A close under that SMA is indicating that we are entering the next stage of the Bull Market. I prefer a few Daily Closes under, Weekly Close under is Gold Dust and tells me the Next Stage has begun.
Read this to understand the Context of that SMA:
Main reason I'm more Bullish this time compared to that precious Idea is because of DXY.
Confluence:
BTC has shown Strength since Oct 10th despite the continued Upward Trend in DXY that started on Sept 30th.
1 Day RSI on DXY is close to 70(Currently 69) which is a general sign that it is close to Topping.
DXY is also testing the 200 EMA since it broken down below in July.
My expectation is that the 200 EMA acts as Resistance for DXY and it rejects to continue its downtrend. This would be Bullish for Risk Assets like BTC/Crypto and would correlated with USDT.D breaking below the 20 SMA.
USDT MOON- Do you know what happens when something push too much ? it reverses and goes down.
- Sir Fibonacci said one day :
" When u launch a coin to the sky, it takes speed, then it stops, then it goes down more fast than it went up "
- if USDT grab more Dominance on Cryptos Markets, it would mean we are rolling back in the "Old Financial system" i hope everyone understand that.
- That's not gonna happens.
- i won't comments much on this analysis, but it speaks by itself. ( everything is in the graphic )
- i won't also speak about what happened recently to UST in Luna Ecosystem because it's sad for the peoples.
- Stay in BTC and pray TheKing.
Happy Tr4ding !