Hello to the large community of traders, As you know, Tether dominance has an inverse relationship with Bitcoin dominance. If there is a drop in bitcoin, traders will convert their bitcoins to stable coins. Since Tether has the largest market cap, its dominance analysis is very important. Technically, the chart is in a downward trend as more money is...
Hello guys . According to the analysis, if the USDT.D goes up , the capitals will leave the cryptocurrencies , but if the USDT.D goes down, the cryptos will definitely grow.
i expected a great correction , above you can see usdt dominance that is in a channel and it reacts to bottom , everytime usdt dominance reacts to bottom price dumps hard , i expect more correction in coming days and then we can join market after miners selloff
if price breaks the trend line the true alt season bgins, GOOD LUCK
By comparing the past behavior of bitcoin (Black chart) with the dominance of tether, it is likely that the downward trend of bitcoin has begun. be careful . Of course, this is just a personal analysis.
Dear Friends, According to my last analysis, now we can see double top in 4H time frame with divergence in RSI and MACD, Also USDT.D now is in important support.... So we have to wait and see , BTC can break 35000 strongly and going to 40000 or decide to test shown support... Im eagerly looking for your kind idea in this regard.
Due to the dominance of usd and touching very strong support at point 2.43, we expect the market to return to the previous ceiling resistance, ie point 3.81.
Dear friends, As you can see, the dominance of USDT is going to the important area now. This strong support can lead USDT dominances up, it means btcusdt willing to have correction and if break out this area, btcusdt will fly to the moon. So, please do your personal analysis and pay attention to this strong support more.
The 549-day USDT Dominance Trend Support Line was broken. This is confirmed by the increase in trading volume as well as the RSI and AROON indicators Important confirmation of Bitcoin price rise
USDT in Weekly support and its my idea: The power of this support is great.... Please check other dominance charts and price charts in the market as well its not signal...but I believe Bitcoin will improve in the short term good luck
I have been following this chart since since early september 2020. Works well correlated with big caps especially BTC and ETH. At least personally I stick with these two. Notes about chart: If there is an increase that means money flows into cash If there is decrease that means money flows into BTC/ETH and maybe some other big caps. I prefer to trade BTC or ETH...
this is my close vision to the next movement for usdt.d
My idea is the market in place for 1 week or 2 weeka about 3.81 and 4.49 $ in USDT dominance.After that begin a new rally in market and USDT.D go to full it gap about 2.91 and 3.27$
Market correction happening soon ! based on this bullish pattern on the usdt.d