USDT.D RSI Oversold, Expected Bounce to 5%-5.5%, Bearish for BTCCRYPTOCAP:USDT.D shows signs of a potential bounce as RSI has reached oversold territory, indicating a likely move up to the 5%-5.5% area.
With #USDT.D rising, we expect #Bitcoin and altcoins to face downward pressure due to the inverse relationship between USDT dominance and the broader crypto market.
Watching for confirmation of this bounce could provide shorting opportunities in CRYPTOCAP:BTC & #crypto .
USDT-D
USDT Dominance Crypto Update - The USDT Dominance is currently trading at 5.58%
- USDT Dominance is something that follows market structure a lot and you will see this delivering easy price actions
- USDT Dominance is expected to drop to 5.2%, and if that doesn't hold, then to 4.6%.
- USDT Dominance in crypto works inversely with the overall market if you see this dipping that triggers an impulsive leg in cryptos
- The last time when we saw USDT Dominance dropping from 6.5% to 3.81% it triggered a huge Altcoins season which led to many altcoins moving 300-500%
- As an Investor and Trader your job is to closely monitor USDT Dominance
USDT.D FORMING BEARISH DIVERGENCE IN DAILY TIME FRAMEUSDT.D ( CRYPTOCAP:USDT dominance) appears to be forming a double top pattern on the chart, signaling potential weakness. This is further confirmed by bearish divergence on the RSI, where price action is making similar highs, but momentum is decreasing, indicating the possibility of a reversal.
If this double top confirms with a breakdown from current levels, particularly if it loses the 5.3% support, it could trigger a significant reversal in USDT dominance. This scenario would likely lead to a bullish move across Bitcoin and altcoins since a decrease in USDT dominance typically indicates that traders are moving their funds from USDT into cryptocurrencies.
Waiting for confirmation before making any moves is crucial to avoid false breakouts or invalid patterns.
USDT Dominance Update - USDT Dominance is currently trading at 5.31%
- USDT is at its crucial support or demand zone
- This signifies we can soon expect a drop in the prices of cryptos
- Watch out for your Spot Longs and try locking in gains before market goes back to your cost
- I have locked in 50% gains in many positions and I will plan to add fresh positions once I see a dip again
USDT.D DOMINANCE FORMED BEARISH HEAD AND SHOULDER PATTERNUSDT Dominance (USDT.d):Pattern: Head and Shoulders.Interpretation: If this pattern confirms with a breakout, it suggests a bearish trend for USDT dominance. This could imply that traders are moving away from stablecoins like USDT and back into other cryptocurrencies.Support Level: The next significant support level could be around 5.10%. If the price breaks below this level, it might indicate further downside for USDT dominance.Bitcoin (BTC):Pattern: Inverse Head and Shoulders.Interpretation: This is typically a bullish pattern. If confirmed with a breakout above the neckline, it could signal the start of an upward trend for Bitcoin.Waiting for Breakout: The pattern is yet to break out, so traders might be waiting for confirmation before expecting a strong move upwards.
USDT Dominance Trade Setup - USDT Dominance is trading at no trade zone
- To determine a one-sided bias its going to be tough
- IMO I believe we can see more retracement worth 0.5% and then pull back so watch out for that pullback if you are holding altcoins because they will start bleeding again unless the structure gets broken badly with mass volume
- Manage risk and position accordingly
USDT.D Bearish Shark Pattern Signals Move to Key Support LevelsUSDT.D has formed a bearish shark pattern and has broken the support trendline, indicating a likely move towards the 4.6% and 4.10% support areas. The bearish confirmation is further supported by the RSI falling from the overbought zone and a clear bearish cross on the MACD.
#USDTDominance #BearishSharkPattern #TechnicalAnalysis #Crypto #RSI #MACD #SupportLevels #CryptoTrading
Impending Drop: USDT.D Faces Significant DeclineHi friends,
If you observe the recent behavior of USDT dominance (USDT.D), it bounced back and touched 5%, but now it has clearly formed a double top pattern, which is a bearish sign. Additionally, the RSI is declining, supporting our bearish scenario. Whenever USDT.D falls, the crypto market tends to rise, and BTC often rallies. These two are inversely related.
#USDT #CryptoMarket #Bitcoin #BTC #CryptoTrading #TechnicalAnalysis #DoubleTop #BearishPattern #RSI #CryptoNews #Cryptocurrency #TradingAnalysis #MarketTrends #InverseRelationship #CryptoInvesting
#USDT Dominance (USDT.D) Loses Support, Plunges to 4%#USDT Dominance (USDT.D) Breaks Support, Now Acting as Resistance with Potential Drop to 4% Key Support Area**
1. **Support Break and Role Reversal**: #USDT.D recently broke through its significant support level, which has now flipped to act as resistance. This shift indicates a potential for continued downward movement.
2. **Technical Patterns**: The previous support level is now exerting downward pressure as resistance, aligning with bearish technical patterns observed in the market.
3. **Target Levels**: With resistance firmly established, #USDT.D is poised to decline further, potentially reaching the critical support area around 4%. This zone is essential for traders to monitor as it could provide a temporary halt or reversal point.
4. **Market Implications**: The weakening of #USDT.D suggests a possible increased confidence in alternative cryptocurrencies, as funds might be flowing from stablecoins to other digital assets. This shift could indicate a broader bullish sentiment in the cryptocurrency market.
USDT Dominance Update - USDT Dominance followed my plan exactly the base needs to get matured before we see a huge crash or else we can again see a breather rally in Crypto
- USDT Dominance Helps you in understanding where the money is exactly flowing
- It has an inverse relationship with the Crypto Market
- When you see the Index Increasing - This depicts sell off
- When you see the Index Decreasing - This depicts infusion in Cryptos
USDT Dominance Trade Setup USDT Dom plays a very crucial role in the Crypto space
- I see this factor always not being talked upon
- When you see the USDT dominance index increasing this simply signifies that people are liquidating their positions and turning their accounts to FIAT
- Social Media influencers barely talk about this rather all you see is SHIBA inu to the moon or this that to 1$.
- Educating yourself is more important when you have money invested in a risky asset class
- IMO the chart looks very simple and it was very easy to plot the value zones you can see how well it grabbed liquidity and reacted to it
USDT Trade Idea - USDT Dominance works inversely with the Crypto Market
- USDT has been following my path and I firmly believe this wave could lead to every alt jump soon.
- The narratives are obviously going to be there playing out in a different way but make sure you follow this closely
- Once you see this approaching it's previous lows try cutting down your size in Alts and crypto so that when USDT bounces you are mostly sitting cash or FIAT.
- This will help you in accumulating more cash
Ognusdt Long Idea (In Accumulation Zone)Ognusdt Is In Accumulation Zone Its Currently In Dip Bag N Hold In Spot It For Nxt Bull Run Targeting (950-1200% MINIMUM ) Ogn Usdt Long /Short Entry And Exit Points ,Follow The Chart Support /Resistance For Swing Trades For Maximum Gain ,Scalp (3-4 Days) Tp /Entry Are Mentioned In Chart .
Lev Trading Not Recommended
Disclaimer: Buy Sell Trade At Your Own Risk
PEOPLE usdt Binance Futuers Analysis PEOPLE USDT Long /Short Entry And Exit Points ,Follow The Chart Support /Resistance For Swing Trades For Maximum Gain ,Scalp (3-4 Days) Tp /Entry Are Mentioned In Chart .
A DIP IS EXPECTED BEFORE FURTHER UPWARDS RALLY
Important: Always Use Low Lev Never Gamble N Greed