USDT.dom forming head and shoulder pattern. Bitcoin and other altscoin bullish as USDT dominance forming a head and shoulder pattern. That's showing a bearish scenerio in USDT dominance while bullish scenario in Bitcoin.
USDT.D trade ideas
Bullish Flag Pattern Emerging on #USDT.D The formation of a bullish flag pattern on #USDT.D (Tether dominance index) could have significant implications for the broader cryptocurrency market, particularly Bitcoin (BTC) and altcoins.
A bullish flag pattern typically occurs after a strong upward price movement (flagpole), followed by a period of consolidation (flag). This consolidation phase is characterized by lower trading volumes and a narrowing price range, forming a flag-like shape on the chart.
If USDT.D breaks out of this bullish flag pattern to the upside, it could indicate a continuation of the previous uptrend in Tether dominance. In the context of the broader market, this could mean a preference for stablecoins like USDT over other cryptocurrencies, suggesting a potential shift towards risk aversion or uncertainty among investors.
Given the inverse relationship between USDT.D and the rest of the crypto market, a breakout to the upside in USDT.D could indeed lead to a significant correction in both Bitcoin and altcoins. This is because investors may perceive stablecoins as safer assets during periods of market turbulence, leading to selling pressure on riskier assets like BTC and altcoins.
In summary, a bullish flag pattern formation on USDT.D carries implications of potential risk aversion in the cryptocurrency market, with the possibility of Bitcoin and altcoins experiencing a notable correction if the pattern breaks to the upside. Traders and investors should closely monitor USDT.D for confirmation of this pattern and adjust their strategies accordingly to manage risk effectively.
#USDT.D (Tether Dominance) Bullish: Signs of Strength#USDT.D (Tether Dominance) has formed a bullish divergence pattern, indicating a potential uptrend reversal. The price is currently surging towards the 5.04% resistance level, which, if retested or broken, could lead to a further upward movement.
It's important to note the inverse relationship between USDT.D and the overall cryptocurrency market. When USDT.D rises, it suggests a flight to safety into stablecoins like Tether, often leading to a decline in the prices of cryptocurrencies such as Bitcoin and altcoins.
The next key resistance level to watch is around 5.63%. If USDT.D breaks above this level, it could signal a significant move towards higher levels, potentially causing a plunge in the crypto market.
Traders should closely monitor the price action of USDT.D and consider its implications for the broader cryptocurrency market. Factors such as market sentiment and external events can also impact the relationship between USDT.D and other cryptocurrencies. market sentiment and overall market conditions when making trading decisions based on technical analysis.
Tether Dominance #USDT.D Falls on Bearish Divergence Warning#USDT.D (Tether Dominance) has recently formed a bearish divergence pattern, signaling a potential reversal in its trend. The price has lost its support and is now heading towards a retest of the 4.5% level.
Bearish divergence occurs when the price forms higher highs, but the indicator (in this case, Tether Dominance) forms lower highs. This indicates a weakening of the current trend and a potential reversal.
The next key level to watch is the 4.5% support level. If USDT.D breaks below this level, it could indicate a further decline in Tether dominance, potentially leading to increased volatility in the cryptocurrency market.
Traders should monitor the price action closely and wait for confirmation before making any trading decisions. Factors such as market sentiment and overall market conditions should also be considered when analyzing USDT.D's movement.
Critical Phase of BTC.DOM & USDT.DOM, it will decide May month'sUsdt.dom get rejection from upper resistance while btc dominance forming bullish scenario. Now let's see if usdt.dom will take support from lower trendline then we will see bearish month otherwise bitcoin can touch 70000$ back in this month.
#USDT.D FORMED BEARISH DIVERGENCE Now that #USDT.D has formed a bearish divergence, there are two possible scenarios to consider. The price may retest a decrease of 4.85%, or it could potentially break below the trendline support.
As i said earlier USDT.DOM will make market Red Now USDT.DOM breaking out and if it continues to break 5.25% area then big Red Market comes.
USDT.DOM Uptrend will Dump the Market Hard USDT dominance is forming a bullish scenario and if it's happens then we will see a large red market in may month.
USDT.DOM can soars to 5.6% bears the marketUSDT.D forming a bull wegde and it can goes up to 5.6% in next two weeks. If it's happens then bitcoin and altscoin can see a red market where as bitcoin can falls upto 52k range all altscoin can goes down upto 30% from now.
USDT.D FORMED BULLISH DIVERGENCE USDT.D formed bullish divergence, if it cross above trend line again btc and alts will bleed 🩸 for some time if it rejected and come down we will see the relief rally and shit squeeze.
USDT.D FORMED BEARISH SHARKUSDT.D REJECTED FROM TREND LINE RESISTANCE AND ALSO FORMED BEARISH. Normally USDT.d and btc and alts are inverse related so now we can see the market will go high.
USDT.D formed bearish shark in 4hrUSDT.D formed bearish shark , it will cool down for sometime and again mostly it will move upwards so that we can expect bullish move which causes alts and btc bleed becoz usdt.d and alts are inversely related.
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 Dominance Pump = Bitcoin DumpHey Guys,
Negative Scenario
USDT.D now it has come on a very strong Tradeline support so in my opinion you should wait a bit, if it bounces back from here, then Bitcoin will fall quickly.
Positive Scenario
USDT.D If it breaks down the trendline and keeps falling below this point, then a sharp pump will be seen in Bitcoin and It won't be a small pump. This is Huge
See chart for more understanding...!!
Disclaimer: I am not financial Advisor; this is my opinion I am some guy on the Internet...!! Crypto market is highly volatile, do your own research and jump into the trade.
UADT.D FORMED DOUBLE BOTTOMUADT.D formed double bottom and crossed trendline which clearly shows bullish breakout. so bitcoin and altcoins will bleed for some time.
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
Will Crypto Market Correct?According to tether dominance technical, There is a possibility of crypto market correction. So this will be a good opportunity for buyers.
Trend Analysis
Three push and RSI Divergence
Order Block
Smart Money
USDT.D break the trend line USDT.D formed bullish shark and break imp trend line along with RSI bullish devergence is their which leads to 8.2% level now BTC and Alts will bleed for sometime best time to purchase altcoins.
USDT.D FORMED BULLISH SHARK PATTERN USDT.D formed bullish shark and waiting for double bottom which conforms support then it pumps which leads BTC and Alts bleed for sometime
USDT Dominance Analysis - USDT Dominance has recently been crushed
- USDT dom still shows a clean downside, however, one retracement can make the market crush a little
- keep a good track of USDT Dominance overall structure depicts more bearishness
USDT.D+USDC.D IMP TREND LINE BOUNCEUSDT.D+USDC.D taking support at imp trend line if it breaks next support is 6.13 level.
bullish : RSI oversold area
USDT.D crossing tredlineUSDT.D crossing imp trendline, which going to retest 8% level which is the best time to buy atls.
