Hello traders, here's another update on USDT.D in a shorter timeframe. Timeframe: 8 hours. Update: In my most recent update on the USDT.D, I mentioned that a bounce is likely possible. That update was on a higher timeframe and I will definitely stick to it. Now, when we see the chart in a lower timeframe, a rejection towards the lower support is possible and...
Hello traders, I hope you all are doing great. Here's an update on the USDT.D. Timeframe: 3 days. Update: The USDT.D is holding support at the 7% level and as I mentioned in my previous update, the USDT.D is likely to bounce back. If that happens then get ready to witness BTC dropping further down. As we can see that the USDT.D is yet to test its upper trendline...
This is the long-term chart for Tether Dominance (USDT.D) and we are looking mainly at an ascending channel. Each time the upper-band of the channel is hit we get a retrace/correction. The upper-band being hit coincides with an overbought RSI. An overbought RSI has always led to a strong correction. Just yesterday/last week, USDT.D closed with the highest RSI...
USDT Dominance is at a decisive point. Multiple Rejection candles will lead to a rally across the market. BTC could hit $23k+ and alts will follow, probably a green week. However, a close above the resistance will lead to a correction. Important area, stay vigilant. CONCLUSION:- Close above 7.28% will trigger short entries across the market. Close below 7.23%...
Will Tether Dominance recover and Bitcoin crash fully to new lows? Not likely... Any recovery can be the "B wave" of a classic ABC correction. These come after new peaks/highs just as we see with USDT.D. Be patient. You can see a shaky/bearish Bitcoin from Monday through Thursday and then we resume the growth. Just one of the many possible scenarios but is...
We see Tether Dominance (USDT.D) declining slowly since 18-June... But, is it over? Not likely. The downtrend is only getting started and the chart signals and indicators continue pointing to lower prices. USDT.D just hit a support level recently around ~7.10%. After a small bounce, we are likely to test EMA300/MA200 at 6.66% - 6.75%. Followed by 5.70% as the...
Hello traders, welcome to this USDT Dominance update. Timeframe: 3 Days. Description: Tether’s USDT is widely recognized as the first stablecoin, where USDT stands for the symbol of Tether's USD stablecoin (also known as Tether). In terms of market capitalization, it’s fourth overall. It was launched in 2014 as a digital token backed by fiat currency, where...
As long as Tether Dominance index (USDT.D) continues beairsh, we continue safe. We can see it dropping since 18-June. Trading below EMA50, USDT.D is aiming lower and the next target is set at EMA300 or 6.49%. The indicators are going full bearish as well on the 4H timeframe. --- When we look at the daily timeframe, everything becomes clearer. The MACD is...
We have the 3 heads pattern on the Tether Dominance Index (USDT.D) chart. This pattern is equivalent to the Head & Shoulders and we are all familiar with it. It comes up at the top of a trend and signals a potential reversal. The last candle that closed just minutes ago, marked on the chart (22 Jun '22 04:00), is very telling. We can see a strong rejection in...
Hello traders, welcome to this USDT Dominance update. Timeframe: 3 Days. Description: Tether’s USDT is widely recognized as the first stablecoin, where USDT stands for the symbol of Tether's USD stablecoin (also known as Tether). In terms of market capitalization, it’s fourth overall. It was launched in 2014 as a digital token backed by fiat currency, where...
We have this triangle on the chart which is a "top pattern"; when you see this pattern or an inverted cup you have high probability of dealing with a top. If prices topped, then we drop. Just a quick update to let you know that we continue bearish on USDT.D. The indicators are now also turning bearish, MACD and RSI. It is likely to speed up, fast, if/when...
We say that the Tether Dominance Index (USDT.D) is set for a very strong drop very soon... A new All-Time High was hit yesterday yet we continue to see signal after signal pointing to this rally being over-extended. We looked at the weekly and daily timeframes in the past... Let's take a closer look short-term, this is the 4H timeframe. We have prices dropping...
USDT.D (Tether Dominance Index) did not drop and continues higher... But this is possible of course. We are seeing the "last hoorah", the last jump, the peak, the top, the All-Time High... After the All-Time High comes a new low. Bitcoin hit an All-Time High back in November 2021, it has been dropping since. Technically the ATH was hit back in April 2021... So...
Since our last analysis, Tether Dominance Index (USDT.D) has broken the last resistance and gone higher... This is a "last hoorah" based on the chart candles and signals. We have shooting stars, Dojis and hammers all at new highs/resistance. Seeing these candles at new high prices can signal that the top is in. What follows after a new top is a strong...
Hello traders, welcome to this USDT Dominance weekly update. The USDT.D might be dropping down in a lower timeframe but in a higher timeframe, it is yet to reach the resistance level which is at 11.43%. It is also possible that the USDT.D may get rejected from here as it did in the past (July 2021). I hope you can relate all this to my BTC, ETH, and USDC.DOM...
Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks, Friends. USD dominance 4 hours update looks like dominance may once be on the way and rejection from 7.66% should be considered as BTC is yet to dump around 13% so this is my...
Well, the story that I was expecting was touched by friends of Trend Line, but it is possible that it will hit the ceiling again. (Beat will touch Channel 26 once again) I look forward to returning from this area. If the trend line is broken, it is very unlikely that I will give you a new analysis This is just a personal view, not a buy or sell
Hello fellas, we have seen something interesting happening in the market. In my previous BTC update, I discussed the crucial support levels and how BTC is still not showing any bullish confirmation. Well, here I am with an interesting update on USDT.D. I bet this will be worth reading. In this chart let us try to connect all the dots and analyze the future...