- On this Chart i use zero indicator and just the trend. - Some basic supports and resistances. - What we can see and deduct ?
- Tether jumped from 0.01% to 1% dominance from 2015 to 2018. - from 2019 to 2023 USDT.Dom growed from 1% to 10%.
- now the trend is still evolving in a steady broadening trumpet formation.
- Do you really believe Tether would reach 35% Dominance in Crypto Markets ? - it would mean that 35% of peoples would prefer to stay in Stables Fiat and win nothing.
- Just using logic and combine FA + TA :
- This uper trend will be broken down soon or later. - i just do believe that Tether have to crash at one point ( no matter the reason ).
-------------------------------------------------------------------------------------------------------- - So now a quick comprehensive explanation about Tether.Dom and how it works :
1 - When BTC down = Peoples swap their BTC to USDT (panic) - USDT.Dom up ! - Tether stop the printing Machine and wait.
2. - When BTC up = Peoples swap their USDT to buy BTC (fomo) - USDT.Dom Down ! - Tether have to restart the printing machine and issue more USDT to cover BTC demands.
- Yes it's simple as that.. - Tether is not really different than the FED. - they just print more USDT from thin air when peoples want buy more BTC. -------------------------------------------------------------------------------------------------------- - Remember that without BTC, Tether would worth 0$ and disappear. --------------------------------------------------------------------------------------------------------
St4y Safe
Happy Tr4Ding !
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Older USDT Crash analysis :
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Older Race ( USDT vs USDC ) :
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Struggling down already. Time for a little print Paolo.
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and brrr...
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someone is buying.
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- Resistances Turn as Supports. - Supports Turn as Resistances.
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- This analysis sound as nothing but this is the first time Tether.D breaks his perma bullish trend trend from 2018.