Bearish Outlook on USDT Dominance (USDT.D)Hello Everyone! 👋
I hope you’re all doing well. I’ve shared my thoughts on the USDT.D price in the chart below. I believe this analysis could be useful for your trading decisions.
📈 Rationale:
Market Dynamics:
A decrease in USDT dominance typically reflects a shift in investor confidence toward altcoins, leading to increased liquidity and buying pressure.
Technical Analysis:
Recent price action indicates weakening in USDT.D. Indicators such as support a bearish outlook.
Impending Breakout:
A break below 4.28% to 4.31% could trigger swift market reactions, providing ample trading opportunities.
CRYPTOCAP:USDT.D
Best Regards
USDT.D trade ideas
USDT.DOMINANCE 1DAY CHART UPDATE !!The chart displays an ascending channel (white lines) where USDT dominance has been trending upward since around April. The price has touched both the support and resistance lines multiple times, indicating that USDT's dominance is respecting this pattern.
Currently, USDT dominance is at 5.27%, near the lower bound of the ascending channel. The chart suggests this is a potential support level, and the price may bounce from here based on previous behavior.
The yellow line could represent a moving average, which is currently sloping upwards, further supporting the potential for a continued increase in dominance.
The green curve suggests a possible bullish path, leading USDT dominance to potentially rise to the 6.60% level, possibly aiming for the 7.00% mark as indicated by the upper brown box.
The brown zone around 7.00% has historically been a resistance level. The area between 4.56% (orange line) and the lower red zone has acted as significant support.
This suggests a likely increase in USDT dominance in the coming weeks, with a potential upside toward the 6.60-7.00% zone. Would you like a more detailed interpretation or further analysis of its potential market impact?
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.
USDT.D update: BTC retest upcoming!!Join our community and start your crypto journey today for:
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Let's analyse USDT dominance:
USDT dominance (USDT.D) has been on a downward trend for approximately three weeks. It is currently trading within a parallel channel. A recent sharp decline from the upper channel line resulted a surge in BTC price, pushing it above $66,000.
As USDT.D approaches the channel base, a potential rebound may be imminent, which could lead to a retest in BTC price. If USDT.D breaks below the channel base, the next support level is at 5.06%.
Key Levels:
Resistance: 5.43%
Support: Channel base
Lower support: 5.06%
Trading Recommendation:
It is advisable to avoid taking long positions in futures markets at this time. If you currently hold futures positions, consider taking profits to secure your gains. In anticipation of a potential retest, averaging down your position may be a viable strategy.
Risk Management:
Implementing a stop-loss order is crucial to protect your capital from significant losses.
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Happy Trading!!
USDT.D strong support level- USDT.D approaching strong support level
- Markets are overheating a bit, expecting some pullback for the new monthly open and then a break down below this channel
- If strong bounce here then no bull run for these two months(unlikely but possible)
- Took TP on all my longs and moved SL to atleast BE
USDT dominance outlookThe USDT dominance chart provides valuable insights into the market's direction. A notable market movement often correlates with a decline in USDT dominance. When the dominance of stablecoins decreases, it suggests capital is flowing into Bitcoin and altcoins, signaling increased investor confidence in riskier assets.
In the world of crypto, it’s crucial to follow the flow of money and understand how liquidity is circulating. On the current chart, I observe a potential bear flag, with the RSI breaking its upward trend—a sign that aligns with the broader market sentiment. Bitcoin has recently broken its downtrend, confirmed by a higher low and a higher high.
Pay close attention to the 3% to 3.8% range on this chart. I anticipate this range may mark the peak of this cycle, providing a key area to watch for in the coming weeks/months.
USDT Dominance Update: Its Time to be Cautious!USDT dominance is down 15% since our last update. This drop has allowed BTC and other altcoins to rally, and the trend is still ongoing.
The recent chart indicates the continuation of the bearish move, with the current dominance at 5.48%. It has yet to test the support trendline, meaning the market still has some room for the rally to continue.
However, we’ve reached a point where caution is necessary. If we see a rebound in USDT.D on the daily chart, it will signal an exit from all long positions and a shift to short positions.
Our current targets are 5.20% for USDT.D and $69K for BTC.
I will keep you updated, so stay tuned and follow if you haven’t already.
Make sure to conduct thorough research and analysis before making any decisions.
Regards,
Team Dexter
#USDT #Crypto
USDTD important to whole crypto market ‼️ ❣️Already we are seeing present CRYPTOCAP:BTC.D is dumping with BITSTAMP:BTCUSD
Sign they money 💰 is going out 😬
Is really big player going out 😬 ??? Or manipulation before big players in 🟡📌
To get know only metric index we have CRYPTOCAP:USDT.D
above red ♥️ box day close 📌 whole market dump comfirm 👍
BINANCE:BTCUSDT won't go new low 🔅 instead test FWB:25K below 📍 ALTS will make new low 🔅
Below yellow 🟡 box day close 📌 present dump is nothing but manipulation ⚡
BITSTAMP:BTCUSD pump & CRYPTOCAP:BTC.D is important role for alts then
If USDTD reach 9% just BUY #BTC
If USDTD reach below yellow 💛 box meanwhile BTCD also dumping buy alts if pump 📌 sell alts
Understand index with market is very important ☺️
I already made CRYPTOCAP:BTC.D chart 📉 analysis ⏰ when to buy alts once I got cleared view i will update under that post ⁉️ this CRYPTOCAP:USDT.D is important only for BITSTAMP:BTCUSD
USDT Dominance Indicates Potential Crypto Market CorrectionThe cryptocurrency market is poised for a correction sooner or later. By examining USDT Dominance (USDT.D), we can see a scenario unfolding where the dominance continues its decline to 5.26%, which roughly correlates with Bitcoin reaching $65,000.
Detailed Analysis
No Reaction at 5.5% Level:
The expected market response at the 5.5% USDT.D level didn't materialize.
This lack of reaction suggests a continuation towards the 5.26% zone to close that gap.
Rebound Possibility:
After reaching 5.26%, a rebound into the newly formed Fair Value Gap (FVG) around 5.7% is plausible.
This rebound could set the stage for the next significant market move.
Continued Decline Scenarios:
A further drop to the trendline support might occur.
Implication: This movement could usher in the much-anticipated altseason, where alternative cryptocurrencies outperform Bitcoin.
4.5% Zone:
A decline to the 4.5% level is a more optimistic scenario.
Comparison: Such a drop is akin to Bitcoin's impressive surge from $40,000 to $70,000 earlier this year—a scenario that's ambitious but not impossible.
Next Steps to Monitor
Testing the 5.26% Level:
The immediate focus is on USDT.D testing the 5.26% mark.
Observing the market's reaction at this level is crucial.
Closing the 5.7% Zone:
Ideally, we'd like to see the 5.7% zone closed for a complete storyline.
This closure would provide clearer signals for the market's next direction.
📌 Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a professional advisor before making investment decisions.
USDT Dominance is bearishFrom where we entered "start" on the chart, it seems that the dominance correction has started.
It looks like we have an ABC on the chart that we are now at the end of wave B.
Wave B seems to be symmetrical, which is symmetrical in wave i.
It seems that after the completion of wave B, we have a bearish wave C for dominance.
The targets are listed on the chart.
Wave B is expected to end this month (September) or October.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
USDT Dominance Update - Sep 21 2024#USDT dominance is most probably heading for the lower level of 5.3% which means BTC and the rest of the market can possibly rise to higher levels. But 5.3% area is a very critical zone and if it's going to be broken, it won't get broken without an initial reaction. So we can expect to see some rise from the mentioned level which means Long positions must be closed once USDT reaches the zone.
Why I think the market is going to crashIf you look at the structure that usdt is showing us, we can see that this has already happened, at the moment this rise is happening to unload the indicators before the real explosions. I don't know when it will happen, but I think that maybe before the end of the year we will see a market crash.
USDT Dominance broke the important support!!Join our community and start your crypto journey today for:
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let's analyse USDT dominance in LTF here.
USDT.D was trading above the midline of its channel, but the likelihood of it bouncing back to the upper channel has diminished after breaking a crucial support level following the Fed's 50 basis point interest rate cut yesterday. This indicates a bullish sign for a BTC rally towards $70,000.
Support Levels:
5.43%
5.17%
Resistance Level:
5.78%
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!