Descending Broadening Wedge
Pattern Description: This is a bullish reversal pattern. As shown, the price of Bitcoin is testing the support line of the wedge, which typically suggests that a breakout to the upside might occur after the completion of the pattern.
Potential Breakout: The chart indicates a potential breakout above the upper boundary (resistance line)...
First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT .
One of the indexes that helps our risk management is Tether Dominance.
As you can see, this index can go up to the yellow circle and then it will not be rejected.
For risk management, until Tether's dominance reaches the yellow circle, we enter the symbols we analyzed with...
USDT has completely dominated the stablecoin market for a long time now, but cracks are beginning to form in its foundation that could cause the whole structure to come crashing down. People are losing trust in USDT, even though the vast majority of trading platforms use it as the sole medium of exchange on their platforms. Competitors are turning up the heat in...
Cup and Handle Pattern:
The Cup: The chart shows a rounded bottom formation that resembles a cup, often indicative of a longer consolidation period before a breakout.
The Handle: After the cup formation, the price appears to be forming a handle, which is a short-term downtrend before the breakout. The handle often slopes downwards slightly, and once the price...
Technical Analysis of the Chart by Blaž Fabjan:
Descending Trading Channel:
BTC is trading within a descending channel, showing lower highs and lower lows, which typically signals a downtrend. However, it is nearing the bottom of the channel, often a zone for potential reversal.
Support and Resistance Zones:
Support: The two orange zones indicate strong...
Is this rational? Absolutely!
Is this possible? Without a doubt!
BTC Dominance may keep rising for the next few weeks followed by a very strong rejection.
You'll see double and even triple-digit gains in a single day in altcoins.
Don’t sell your BTC and altcoins for cheap just yet.
We may see a bit more of this boring price action and possibly one last shakeout,...
USDT Dom weekly chart looks bearish,
5.6% is hard resistance, tether dominance next Target will be 2% if it cant break the resistance.
Boost & Follow 👍👍
Technical Analysis by Blaž Fabjan
Price Action:
The price is currently trading around 0.00928 USDT, showing a slight decline.
The chart indicates a possible downtrend that has been ongoing, but there is a blue arrow suggesting a potential bullish reversal.
Support and Resistance Levels:
Several resistance levels are marked in orange bands, indicating...
Trading Setup:
A Trading Signal is seen in the RUNEUSDT THORChain (4h) (futures)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 4.600
⭕️SL @ 4.185
🔵TP1 @ 6.000
🔵TP2 @ 7.350
🔵TP3 @ 9.535
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning...
#usdt #tether dominance rallied too much in June. But it's not over? #usdt may have a Elliott's 3rd minor wave impulsive move to reach the higher red box. Losing current zone is the invalidation.
We believe bitcoin is driven by tether marketcap. Thus new issuing is required to absorb the supply otherwise you get the book walked down in a sharply price drop.
- i will try to make it short.
- Like always everything is understandable in graph.
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TA :
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- Tether made a triple new ATH around 9% dominance on Crypto...
- 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%...
#Tether is facing multiple daily rejections. As long as we stay below the red resistance zone, altcoins will experience some relief while BTC will move within a narrow range.
Close above this resistance could push BTC below 64k.
Keep an eye on the 5.05% level.
Let me know what you think in the comment section and do hit the like button if you like these short...
This divergence may cause #usdtd #usdt dominance to weaken for a short time frame, thus #btc and #altcoins may have some bounces. Not financial advice.
USDT dominance is currently hitting three major resistance levels:
1. 100 EMA (blue)
2. 50 SMA (red)
3. 8-month-old trendline resistance (blue)
This confluence of resistance makes this level crucial. Taking into account the channel breakdown and retest, a rejection seems more likely at the moment, suggesting a potential market relief rally.
Invalidation:- Close...
#usdt #tether dominance chart about to have a parabola continuation but also made a bearish RSI divergence. If divergence plays out, #btc #eth #sol #bnb #xrp and #altcoins will have some bounces. Parabola continuation suffers the market. Not financial advice.
