USDT.D trade ideas
$70k Then ATH for $BTC Soon?Still following our use of the USDT Dominance Chart, we can see that the breakdown of the 5.3% resistance occurs as predicted. We should see all time highs for Bitcoin soon. Not a bad time to long your favourite coins; currently long on CATUSDT. Would post the chart next.
USDT dominance on the verge of a breakdown- it seems that USDT d. is mirroring btc with bitcoin being in a bullish wedge and dominance in an ascending broadening wedge which tends to be a bearish pattern
- price action looking like distribution and with the 5th touch of the trendline it is likely the macro broadening pattern resolves to the downside
- a breakdown that should be bullish for crypto
USDT.DOMINANCE UPDATE !! USDT dominance shows that the breakdown from the ascending channel pattern is being confirmed as the 100-day moving average remains below both. This indicates bearish momentum in USDT dominance, which often inversely correlates with the broader crypto market.
USDT dominance has successfully broken out of the ascending channel pattern and is staying below key support levels, strengthening the potential for further declines.
The 50-day and 100-day moving averages are acting as resistance barriers, suggesting that bearish momentum may continue to push prices lower.
A continued decrease in USDT dominance is usually a bullish signal for the crypto market, as funds may flow from stablecoins like USDT to other cryptocurrencies.
USDT dominance continues to decline and fails to rise above key resistance levels, it could signal a shift in market sentiment towards a more bullish trend for the broader crypto market. This chart update should be closely monitored as it could have significant implications for potential price movements across various crypto assets.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
USDT 12 H AnalysisUSDT Started channel since April 2024
This channel is still moving same shape
Right now is critical moment if we broke it down we will touch weekly support (Bull RUN)
If we could not we may move in the lower Channel or even worse by touching the top soon
which may lead to Crash market
Better wait not taking decision now till the direction is clear .
USDT.D 1H update - Oct 17 2024So far so good! #USDT dominance has managed to hold above 5.21% level and has crossed above its descending trendline according to yesterday's analysis.
it seems USDT.D is heading for 5.46% as the first target so it's safe to assume that BTC and other coins will probably dump some more.
$USDT Dominance BREAKS OUT of 232 Day Parallel ChannelCRYPTOCAP:USDT Dominance has broken out and Closed below its 232 Day Parallel Channel.
Expecting a test on the 200DMA.
Once that breaks, and we get the Death-Cross, CRYPTO GOES PARABOLIC
I’ll post a full breakdown of the Weekly Close on Sunday.
End of cycle target will be 2.5%
USDT.D 1H update - Oct 16 2024While BTC has touched levels above 66,500 (not a solid daily close yet), USDT dominance has not yet broken below the 5.21% level and some bullish signs are visible. Since the chart has reached a time element in 1H timeframe and will reach the 4H time element by Friday, we might see some upward reaction in USDT.D meaning that there will probably be some dump in the market.
if demand doesn't add up in USDT.D, it will break the support zone and the entire market will pump following a daily close below the 5.21% level.
As it's already stated, market's in a critical zone atm.
Tether dominance is approaching a crucial support trendline, act#USDT.D
👀
This trendline has been a key level for market sentiment since its formation☝️
For a bullish market turn or potential altseason, dominance needs to break below this support📉
Bearish scenario: rebound from the support trendline🔺
USDT.D Breakout: A Bullish Signal on the Horizon?The asset has been consolidating within an ascending channel. A breakdown below this channel could potentially signal the initiation of a bullish market trend. However, a pullback to retest the broken channel is a likely scenario. Despite the challenges in analyzing USDT.D due to its unique market dynamics, the asset's reaction to the channel cannot be overlooked. Overall, a bullish outlook is maintained post-breakout, unless the price retraces back into the channel.
USDT.D Incoming bearish reversal and a bullish market and Q4!Im loving the look of USDT.D right now, it looks so bearish with the recent HTF closes. It looks done for and in the perfect wyckoff distribution.
Following the plan to a T, rejecting off the 5.90% level as discussed in the prior analysis where this was a key resistance level from the first PSY event. Price has refused to push to the upper limit of the range, rejecting from the last supply point and PSY in the range, formed a swing high on the daily, swept that high and is now continuing to distribute lower in line with the HTF picture.
This does look like a local top here following the last points of supply and we could be putting in local bottoms in the market.
Market could start its next run higher anytime over the next couple weeks now! Be patient, we are almost there!
Key Zone For The Next Pump or Dump?Bitcoin's trend for the next few days/weeks should depend on how this chart plays out at this particular level. A breakdown to the 4.61% USDT Market Dominance area should give us a pump to Bitcoin's all time highs. On the other hand, a move to the 6.39% zone should make us go back below 60k. Fingers crossed. Fun, exciting times ahead.
USDT.D Important update - Oct 14 2024In the previous analysis we were expecting #USDT dominance to reach 5.99% level and above. But after hitting 5.92% level, it has been dropping.
Crucial moments are drawing near as 5.21% - 5.31% support zone is indeed the decisive zone for the entire market.
A daily close below the mentioned zone shall result in a heavy pump in the market. (given the fact that it means the long term ascending trendline (yellow) gets broken in that case.)
If the support zone stops USDT.D from further drop, BTC and the market shall dump again.
USDT Dominance: Be Cautious!USDT dominance is once again approaching its support trendline. Since March 2024, this trendline has been holding, and for the market to turn bullish or for an altseason to begin, USDT.D must break below this support trendline.
However, we need to be cautious about a rebound. If USDT dominance rebounds from the support, BTC and other altcoins are likely to experience another bearish move.
Important Points:
~ Support Trendline: 5.30%
~ Bearish Scenario for the Market: A rebound from the support trendline.
~ Bullish Scenario for the Market: A breakdown and close below the support trendline.
Note: Always do your own research and analysis before investing.
USDT Dominance UpdateThis analysis is an update of the analysis you see in the "Related publications" section
According to the previous analysis, the pump was done and reached the yellow range and then we saw a drop.
Upon further investigation, we found that the drop may not reach the previously analyzed areas.
Therefore, we have prepared an update.
Due to the strength of the drop, the up move does not look like a triangle and we see an ABC wave, we are now in wave B.
Wave B seems to be a diametric, which we are in the final wave (wave g).
From the green range, it can make a strong retracement upwards. Watch out for the green area.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BULL MARKET### USDT Dominance (USDT.D) Short-Term Trading Analysis and Bull Market Correlation
#### **1. Chart Pattern and Candlestick**
On the **USDT.D** chart, we can observe a **rising wedge** or **ascending channel** pattern, which indicates a potential downside breakout. This pattern often leads to a bearish move, implying that if USDT dominance decreases, more liquidity is expected to flow into risk assets like altcoins and Bitcoin, signaling a potential **bull market**.
In terms of **candlestick analysis**, the last few candles have shown weak upward momentum, suggesting that while there is still some bullish sentiment in USDT.D, it is weakening.
#### **2. Fibonacci Retracement**
Key levels from the Fibonacci retracement include:
- **61.8%** at around 5.96% — currently acting as a resistance.
- **38.2%** at 7.30% — this level was a prior strong resistance.
- A breakdown below 61.8% would likely lead to a test of the **100% level** at 3.78%, a significant long-term support.
If USDT.D fails to break above the 61.8% level, it suggests a possible reversal. A drop in USDT.D usually correlates with a **bullish run** in the broader cryptocurrency market.
#### **3. MACD and Stochastic RSI Indicators**
- **MACD**: The MACD histogram shows weakening momentum, and there's a possibility of a **bearish crossover**, which would confirm a bearish outlook for USDT dominance.
- **Stochastic RSI**: With Stochastic RSI hovering at **overbought** levels (81.99), a reversal downward seems likely. This could further push USDT.D down, boosting risk appetite for cryptocurrencies.
#### **4. Divergence**
Currently, there’s no significant **divergence** between the price movement and the momentum indicators, but the overbought signals from Stochastic RSI suggest that a short-term reversal is likely.
#### **5. Market Probability and Economic Catalysts**
- **Short-Term Outlook**: The combination of a bearish **rising wedge** pattern, overbought **Stochastic RSI**, and a potential MACD cross suggests a high probability of a short-term correction in USDT dominance, which could ignite a **bull market**.
#### **Bull Market Correlation**
A decrease in USDT dominance indicates that investors are moving capital out of stablecoins (such as USDT) and into higher-risk assets like altcoins and Bitcoin. This shift in liquidity is often a precursor to the start of a **bull market** in the cryptocurrency space.
#### **Macro-Economic Catalysts**
- **Global Market Sentiment**: If inflation decreases and central banks, such as the Federal Reserve, adopt a dovish stance (pausing or reducing interest rate hikes), it can bolster investor confidence and increase liquidity flows into cryptocurrencies.
- **Monetary Policy**: A less aggressive Fed would likely reduce the demand for safe-haven assets like USDT and boost demand for riskier assets like Bitcoin and altcoins.
- **Geopolitical Uncertainty**: In times of reduced global uncertainty, investors tend to shift from stable assets like USDT to riskier assets, further reducing USDT dominance.
In summary, technical indicators point toward a potential drop in USDT dominance, which historically correlates with a crypto bull market. Additionally, macroeconomic factors such as monetary policy shifts will play a significant role in shaping this trend.
USDT.D update - Oct 10 2024#USDT Dominance has moved according to the previous analysis so far. After reaching 5.47% level, initial reversal signs appeared on the chart and upon crossing above the trendline, the new upward move got confirmed.
USDT.D is expected to continue towards areas above 6.0% level meaning that BTC and the rest of the market will probably continue to dump to lower levels.