Due to the lack of price action area in the price ceiling of Bitcoin, I am forced to do dominance analysis to check the behavior of the market
The green areas are my main support area for the start of sharp upward movement for Dominance, and the price action patterns at the ceiling of the Dominance number indicate for me the registration of new ETH in...
Hello friends
We were at the tail end of a projected decline
This analysis should have been provided to you 1 month ago!
Now I will tell you the continuation of this process
Altcoins are at the bottom of their downtrend
And after that, big increases can be seen in altcoins
As in the past, the market is facing a 50% drop
And then an upward trend
USDT.D is slowly moving upwards but tis still within the channel. Let's see how this week plays out and if we still get a liquidation pump to sweep highs on BTC before USDT.D makes new highs...
After breaking the bottom of the weekly channel, Dominance Tether has correction equal the mid-line size ofprevious channel, the current collision zone was an important support zone in the past and was able to cause a strong growth of Dominance. Considering that the weekly candle body has not been closed in this area for the past few weeks. It still seems that...
#USDT Market Cap ! It's about to hit his strong dynamic support that didn't break for many years!
If it does, Alt Season starts! If not, we must just run! DYOR!
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:...
This is my idea about usdt.d , Tether's dominance can drop to 3% after a little bounce in this area , this level is an extension fibonacci of 0.786 that is equal to a psychological support. good luck and happy trading
CRYPTOCAP:USDT.D ,It seems like BTC doesn't want to go down. There's still an issue with the head and shoulders formation. However, a symmetrical triangle formation has occurred. There's potential for an increase until the halving.
Long term: So far nothing new has happened since I published my previous analysis but this one is more detailed. As shown on chart, expecting #USDT.D to try to break the 5 - 5.20% resistance which is unlikely to happen. If it fails I'm expecting #BTC to have new highs maybe even 90000K. But if it breaks the pattern along with the resistance I'm expecting further...
