USDT.D BULLISH DIVERGENCE SET TO BLEED BTCCRYPTOCAP:USDT.D has formed a bullish divergence and a clear double bottom with proper higher lows, signaling a potential surge toward the 4% to 4.10% resistance area. This movement could lead to a significant drop in BTC and altcoins, as USDT.D and the crypto market are inversely correlated.
USDT.D trade ideas
USDT.D DOUBLE BOTTOM & BULLISH DIVERGENCE , POSSIBLE RETEST 4.7%#USDT dominance ( CRYPTOCAP:USDT.D ) has formed a double bottom on the higher timeframe, aligning with another double bottom visible on the daily timeframe. The RSI is showing a clear bullish divergence, further strengthening the probability of a retest toward the 4.7% resistance area from the current 4% level. Looks bear in BTC & altcoins go short correction.
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 .
Crypto USDT Dominance Update & Commentary- USDT Dominance is currently trading at 4.61%
- USDT Dominance works inversely with the Crypto Market
- If you see USDT Dominance falling and being bearish then are high chances of crypto moving up impulsively
- Current Market Structure of USDT Dominance looks highly bearish
- We can expect USDT Dom to easily fall down to 4.29% and 3.81%
- These 2 zones are highly going to be important because in between that we will also see some sort of upside retracement followed by more downside moves
- I have drawn more downside zones like 2.45% and 1.90% as well where you can expect USDT Dominance to absolutely get slaughtered and this should mark the local end of bull run.
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 8H CHART
ROADMAP & ANALYSIS UPDATE
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This index has gone according to our analysis so far but as you CAN see we are now in an important zone that CAN cause a lot of volatility in the market
We should keep an eye on these levels as we could see an unexpected pump leading into a correction
Crypto USDT Dominance Update- USDT Dominance is currently trading at 6.28%
- USDT dominance got rejected exactly from 6.51% where I was expecting it to get rejected from
- Now the whole interest lies in whether it will again flip 6.51% or reject from here and flip its structure to bearish
- But if it makes a weekly close above 7% you can easily expect the Crypto Market to show a Major bloodbath
- Stay Cautious and keep tracking this
USDT.D Retesting Previous Support as New ResistanceUSDT.D Bullish Divergence and Double Bottom Signal a Trendline Retest
USDT dominance ( CRYPTOCAP:USDT.D ) has formed a bullish divergence on the 4-hour chart, along with a double bottom pattern.
These signals suggest that USDT.D is gearing up to retest the trendline. Meanwhile, Bitcoin and altcoins are likely to undergo a retracement, offering another healthy opportunity to enter long positions.
This setup indicates potential strength in USDT.D, which may lead to a temporary pullback in the broader crypto market before resuming the uptrend.
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.D formed bearish shark pattern USDT.D formed bearish shark patten and also formed clear bearish divergence .
which clearly shows it will retest 5.19% area if that also breaks bullish for crypto market
usdt.d and btc & altcoins are inversely related so we can expect pull back .
btc targets around 65k & 69k.
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 Rejection from Long-Term Trendline Signals End of UptrendUSDT.D has been rejected from a long-term trendline, and the RSI is declining from the overbought area. This suggests that the uptrend for USDT.D may have completed. Therefore, we can expect USDT.D to find significant support around its trendline, likely from now until September.
USDT.D Rejection from Long-Term Trendline Signals End of UptrendUSDT.D has been rejected from a long-term trendline, and the RSI is declining from the overbought area. This suggests that the uptrend for USDT.D may have completed. Therefore, we can expect USDT.D to find significant support around its trendline, likely from now until September.
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
USDT.D FORMED BEARISH PENNET HUGE CRYPTO BULLUSDT.D has formed a bullish pennant pattern, and the daily RSI is in the overbought area. At the same time, the weekly RSI trendline has been rejected. This indicates a likely decline for USDT.D, giving the crypto market a chance to move upwards—a bullish sign for BTC and crypto. 🚀📈
#USDT.D #Crypto #CryptoMarket #BullishPennant #RSI #Overbought #MarketAnalysis #CryptoTrading #Bitcoin #BTC #Altcoins #Bullish #CryptoInvesting #TechnicalAnalysis #CryptoSignals
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.D: Identifying a Falling Wedge#USDT Dominance (USDT.D) Analysis
#Current Technical Setup
**Timeframe**: 4-hour chart
**Patterns Observed**:
1. **Bullish Divergence**: USDT.D has formed a bullish divergence, indicating potential upward momentum. Bullish divergence occurs when the price makes lower lows, but the oscillator (such as RSI or MACD) makes higher lows, suggesting weakening downward momentum and a possible reversal to the upside.
2. **Falling Wedge**: The chart is currently forming a falling wedge pattern, a bullish reversal pattern. This pattern is characterized by converging trend lines sloping downward, indicating a potential break to the upside if the price manages to break out above the upper trend line.
#### Key Resistance Levels
1. **5.18%**: This is the initial resistance level that USDT.D might encounter after a breakout from the falling wedge. It marks a significant level where the price has previously faced selling pressure.
2. **6.2%**: If USDT.D successfully breaks above the 5.18% resistance, the next major resistance level is at 6.2%. This level represents a more substantial barrier and could be a pivotal point in determining the continuation of the upward trend.
#### Support Levels and Bearish Scenario
1. **4.5%**: If USDT.D fails to sustain above the current support level within the falling wedge, it could experience a significant decline, with the next support level at 4.5%. This would represent a bearish scenario, suggesting a potential plunge in USDT dominance and possible increased risk appetite in the broader cryptocurrency market.
### Detailed Description
**Bullish Divergence**: The presence of a bullish divergence on the 4-hour chart is a positive sign for USDT.D. Divergences are powerful indicators that often precede significant price movements. In this case, the divergence suggests that despite the recent downward price action, the selling pressure is diminishing, and buyers may soon gain control.
**Falling Wedge Pattern**: The falling wedge is a well-known bullish reversal pattern. It indicates that while the price is falling, the downward momentum is slowing down, and a breakout to the upside is likely. Traders often look for confirmation of this pattern by waiting for the price to close above the upper trend line with increased volume.
**Resistance Levels**:
- **5.18%**: This level is crucial as it has acted as resistance in the past. A break above this level would likely attract more buyers, pushing the price higher.
- **6.2%**: A further move to this level would confirm the strength of the breakout. It is a more significant resistance level and could determine whether the bullish trend continues.
**Support Level at 4.5%**: If USDT.D fails to hold its current support level and breaks downwards, a decline to 4.5% is possible. This would indicate a bearish turn and suggest that traders are moving away from USDT into other assets, reflecting a more risk-on sentiment in the market.
#Conclusion
USDT.D is at a critical juncture with a bullish divergence and a potential falling wedge pattern. The key resistance levels to watch are 5.18% and 6.2%. A break above these levels would confirm the bullish outlook. Conversely, failure to hold support could lead to a decline to 4.5%, indicating a shift in market sentiment. Traders should closely monitor these levels and patterns to make informed decisions.