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
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
#usdt #tether dominance chart may follow these two path. Ascending channel is on the play since 13th March 2024 (Mid term)
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In my opinion, Dominance Tether is a little tired and should implement one of the three plans I have considered for it. It is possible to implement a part of each plan.
Tether Dominance Falls and Enters Downtrend: Potential Boost for Bitcoin and Other Cryptocurrencies Key Points: Tether dominance has fallen and re-entered a downtrend. This could lead to an increase in the price of Bitcoin and other cryptocurrencies. If you have any short or sell trades, it may be best to exit as soon as possible. Tweet: Tether...
I have put together a chart on the dominance of the three largest USDT.D+USDC.D+DAI.D Stables. This is the most interesting season that I have seen!!! USD dominance has failed to unprecedented levels of 30% in the entire history! It's usually 40-50% So that you understand 70% of the cache in the market!!! I assume it may decrease to 83% But it doesn't seem to help...
Finally, it reached heavy and firm red resistance and is slightly broken. If this failure continues, higher red resistance targets will await it. Overall, Pullback remained in the red line (around 5.87%) and was in debt
Based on my complex yet simple studies this happens in the market , however I always say enter the market according to yourself analysis .
After completing the diametric, we can modify it After completing the diametric, we can modify it
As you can see on the USDT dominance chart using the pmarp indicator on the weekly time frame USDT dominance is on its way up. This is a great sign of capitulation within Bitcoin. There are is now many millions of dollars worth of outflows for Bitcoin ETFs. The IBIT ETF has not received any new inflows for two business days and other ETFs for Bitcoin have...
🚨 Key Alert for #USDT 📈 : Keep this chart in your sights! A sustained break above this crucial level could signal extended bearish trends in the market. Expect red in the coming weeks, perhaps even months if this happens. Regardless of the current altcoin trends you're observing, the data on this chart could significantly alter almost any bullish interpretation...
It is expected that the index will increase to the range of 4.40-4.25 and then enter the correction process due to the pressure of the higher grade pattern. (To see the higher scale pattern, refer to the report on April 15)
Rsi for USDT dominance broken & We must Waiting for uptrend breaking I thing this leg is just for alts
Yesterday, USD, D, the crow line itself broke and an upward movement was formed, although I don't have an upward view on the market yet, but we can go to another lag to get help from it, we can use 4.76 as a confirmation when it breaks, myself on Sunday And I don't trade on Saturdays, so I don't follow it🫡 ✍️POINT: The breaking of the line means that the candle...
#USDtether Considering this scenario plays out, you'll see green across the market, especially Altcoins! I am working on a list of Altcoins you must consider adding to your portfolio with charts and deep fundamental analysis. Previously the Alts like CREO ML ORAI AITECH did 5x to even 40x! If you want me to make it public, like this post and retweet. 200...