💡One of the important factors for analyzing the cryptocurrency market is the Market Cap USDT Dominance% (USDT.D%) status. 💡If USDT.D% falls, we can expect the cryptocurrency market to start rising ( not all tokens, of course ). 📈From the point of view of Classical Technical Analysis , USDT.D% looks like. It has succeeded in breaking the lower line of...
Dominance analysis of the daily time frame By analyzing the dominance of Tether, we can have a better view of the movement of Bitcoin.
You can use this chart to predict the price of Bitcoin by comparing it to USDT dominance. When USDT dominance shows signs of increasing, Bitcoin will undergo a correction.
#USDT.D is printing a bearish trend continuation, white-swan harmonic pattern on the daily. To be noted however is that the price has an upward move towards 6.2-6.5% zone before trend continuation. This means that the market might keep bleeding for now📉
One more drop on this chart means big leg up for cryptos incoming
In the previous analysis, as expected, an ascending log was formed in the form of wave B. If this analysis is correct You can wait for the fall of dominance and therefore the possibility of an upward trend in the cryptocurrency market.
On this chart we see a major development on the USDT Dominance (USDT.D). It formed its first ever Death Cross on the 5D time-frame, with the MA200 (orange trend-line) turning into Resistance since the start of February. That has never happened in its history and as you can see, when USDT.D declines, Bitcoin (black trend-line) rallies, which has been doing so...
Evening fellas, To finish up these final posts about RED days, I would like to bring up this idea. Wave 5 should be as big as both drops by the past waves. It's all on the chart, take a look at it and enjoy a minimum 100% on all coins. MINIMUM!!! BY THE WAY! I will make this a LONG post, because it means LONG alts, and not USDT obviously. I think its easy to...
According to the previous analysis of Dominance Tether It showed a small reaction to the red range and continued the trend And because there was a cap above the red range, it quickly reached the yellow range
Dominance Tether bounced back higher after hitting the support zone The red range is the dominance resistance, which goes up in case of Sharp's failure In this move, Sharp Bitcoin reaches the range of 52000
USD Tether, or USDT, came into existence as a digital version of the U.S. dollar, and it succeeded. USDT is pegged to the U.S. dollar and is the top and most used stable coin in the crypto market. USDT is also being used for transferring money or other means of payment, although mostly in the crypto market. Many others tried to capture a piece of this huge market:...
USDT DOMINANCE ANALYSIS USDT.D is forming a rising wedge pattern, nearing the support trendline. MACD crossover suggests a potential bearish turn. A sustained wedge breakdown confirms a bearish trend; a bounce suggests consolidation within the pattern. USDTD typically moves inversely to the crypto market. I have tried to bring the best possible results in this...
Can we expect such price action for USDT dominance? If so, it's likely that Bitcoin dominance will also continue its uptrend. In that case, altcoins will likely experience a significant downturn.
Good time According to the previous analysis, Dominance Tether was touched in the resistance range and tries to break it. If it succeeds in breaking the resistance, it will be next to the specified range And Bitcoin will correct up to the range of 52000 to 56000 good luck
We are at the most important time bullran of Bitcoin and crypto market. We have now reached the bottom of the descending channel and the most important Tether trend line (we were with this trend line from December 2017 to November 2021). If the bottom of the channel breaks and reaches the trend, Dominance Tether will fall by 11% and a strong fomo will form,...
it's logical and wise to assume that USDT dominance might face some support in 4.8% area followed by a small rise which shall cause some small correction/dump in BTC and the market. of course the other scenario is that 4.8% area breaks and USDT.D drops to next level of support (4.6%).