USD.D Forcasting (Update)Always and at all times. All events will occur in the chart.
Trend Prediction - USD.D Forecasting - Resistance and Support Lines
**** Yousef Sharafi ****
USDT.D trade ideas
USDT as we get reaction on moving average and also one FIB level on usdt we can expect and wait for momentum candle if we lost 4.7% we can see pump in Bitcoin and Market
Have safe trade
okayy.... ALTseason ISSS COMINGGGGif you look at my page, I already made my prediction where the dominance will go up, but we deviated from this and now broke the channel. Dominance is also starting to fall, which is a sign of capital outflow to altcoins
Why bitcoin will be going upBitcoin is going to pump to new highs. Thats a fact BYBIT:BTCUSD.P
see you at 84k
USDT.D USDT Dominance 3DWhat happens if USDT dominance can't break through the resistance zone? If it can't break through, it's a good sign for the market.
However, if it breaks through the resistance, we will see more decline in the market.
USDT.D - Further downside for cryptoThe break of the purple line from my previous analysis confirmed a bullish trend for USDT.D which means downside for crypto in general.
The first wave up (A) has been corrected (B), and we´re now in an uptrend with initial targets at:
Gray resistance (5.6% zone)
100% ABC extension (5.91%)
Inside blue C, we are reaching the high of Green III, which after Green IV correction should take us back up.
Bitcoin Market Update - June 24, 2024Bitcoin's Weekly Candle closed bearish, opening at $66,676.88 and closing at $63,210.01 - a decline of -5.20%. This is Bitcoin's second negative close in a row.
Bitcoin Weekly Chart w/ Indicators
Volume Profile Analysis shows that Bitcoin has reached the bottom zone of the High-Volume Node we have been ranging in since achieving a new All-Time High in March.
A Low-Volume Node lies below us, stretching from approximately $60,823 to $52,581. As we have seen many times, price moves quickly through Low-Volume Nodes to seek liquidity in High-Volume Nodes. Thus, a descent into the LVN would shatter any expectations of support until the $52,000 zone.
There are small bumps within the Volume Profile, giving potential Take Profit Targets for short positions or potential bounce zones for quick counter-trend Longs at $59,210 and $57,025.
Price is currently testing the Weekly 21EMA, which served as Support on our last encounter with it the week of April 29th. Following that test, Bitcoin was able to rally approximately 27% to form a higher low within the range.
The Weekly Volume Delta Indicator also shows that while Sell Volume has been and is still dominant, that Delta is decreasing, meaning that Buys were more prominent last week than the week prior. With a fresh weekly candle, this is a metric I will watch closely to gauge the potential for a reversal in price.
Bitcoin 3D Chart
Bitcoin's 3D chart gives us more clarity. Volume Delta has increased over the last three candles, culminating with the highest sell pressure we've seen in over a week. This occurs as we test the 3D 55EMA, which similar to the Weekly 21EMA, resulted in a 27% bounce the last time we came close.
3D Time Transformation is very close to the oversold level, and we are lower than the last registered low of TT on this timeframe back in January of 2024, which was the bottom of the Opening Year Slump.
High sell volume coming into an area of Support often results in temporary reversal of price.
Bitcoin Daily Chart
The Daily Chart shows us in very close proximity to the 200 DEMA, a level that has not been tested at all this Bull Run. Volume Delta shows overwhelming sell pressure that we have not seen since the last "bottom" on May 01 of this year, which again, resulted in a 27% bounce.
Time Transformation is oversold to a degree that we have not seen since the previous Market Cycle Bottom in August of 2023.
Bitcoin 4H Chart
Moving down to the 4H Chart, relevant points are that Time Transformation is oversold, and the previous 4H candle registered such high sell volume that we haven't seen since June 07, which was the Bearish Engulfing candle that began this current downwards trend.
Tether Dominance Chart
Moving to USDT Dominance, we can see that on the Weekly Chart, USDT Dominance is in the process of confirming a Double-Bottom (higher low) or W Pattern, if this Weekly Candle closes at the same price of higher, that will be a successful close above the neckline, and potentially a close back above the 200 WEMA as well.
This successful completion would move USDT Dominance back up to 6.0-6.5% of the total crypto market cap, and serve as a much broader warning for a more-pronounced market correction.
Bitcoin Exchange Flow
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Looking at Exchange Flow, we can see that last week Exchange Inflows dominated, however they decreased in strength as the downtrend progressed. Saturday witnessed a net outflow of Bitcoin, and Sunday saw a very mild inflow of Bitcoin to exchanges.
Bitcoin Miner Net Position Change
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Miners are still selling, however they have begun to decrease their selling volume. This trend has historically led to short-term reversals in Bitcoin's price.
Bitcoin HODLer Cohort Net Position Change
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The HODLer cohort is also selling, and this trend has not slowed.
Conclusion
In conclusion, although short-term price action indicates we have reached an important level of support where selling pressure seems to have reached a climax, there is insufficient buying pressure from the HODLer cohort or clear signs of bullish conviction to justify spot entries into Bitcoin at this point.
Investors should continue to sit in cash, and await more lucrative buying opportunities, and traders should wait for more clear signs of a potential reversal before entering long positions.
USDT Dominance - -BTC TOPS vs OTHERS TOPSThe Bitcoin top happens when USDT dominance reaches a bottom and hits a resistance.
If you look at the top for altcoins (OTHERS), they happened on average 1 month after the Bitcoin top.
The altcoin season happens when USDT dominance ranges sideways.
IMO, USDT dominance will crash from late July until Oct/Nov 2024.
From 5.5% to 2.5%. That will be glorious for BTC!
The true Altcoin season will happen during the month following. But all your alts should already have risen quite a bit!
TIMING IS EVERYTHING!
When you see the USDT dominance crash, pay attention to resistance levels. When the chart looks like a bottom, add 20-30 days before selling all your crypto!
USDT.DThis is my opinion with technical analysis
Please respect the following rules:
1- Risk management .
2. Have your own strategy.
USDT.D sym triangle CRYPTOCAP:USDT.D ,It seems like BTC doesn't want to go down. There's still an issue with the head and shoulders formation. However, a symmetrical triangle formation has occurred. There's potential for an increase until the halving.
usdt.dThere is a possibility that Tether will temporarily return to the top. If it happens, don't be afraid, it will fall. We are at the beginning of a bull market
#USDT.D This is what you need to know!#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 updates.
Follow me if you haven't yet!
#PEACE
#USDT DOMINANCE ANALYSIS USDT.D has broken through both the sym#USDT DOMINANCE ANALYSIS
USDT.D has broken through both the symmetrical triangle and the Ichimoku cloud resistance, and it is currently trading above the triangle. If it manages to break above the horizontal resistance zone and retests this level successfully, we could observe an upward movement in USDT.D.
Conversely, there is a possibility that it may face rejection from the horizontal resistance zone. It is crucial to understand that the movement of USDT.D is inversely proportional to the crypto market, meaning that an increase in USDT.D typically corresponds with a decline in the broader cryptocurrency market.
Therefore, monitoring these resistance levels and their corresponding reactions is essential for predicting future market trends.
USDT Dominance Rises, Bitcoin Declines, and Vice VersaHard to believe that BTC has reached its top and will have a strong retrace downward.
When USDT dominance goes down, BTC goes up and vice versa. Right now, USDT dominance has reached a resistance trend line and tagged a previous low.
A retrace for USDT dominance to the upside is very likely, which means Bitcoin is going to dump, and with it, all the altcoins.
As soon as USDT dominance reaches the upper trend line that serves as resistance, it is time to invest in Bitcoin again (not financial advice).
USDT.DBased on my complex yet simple studies this happens in the market, however I always say enter the market according to your analysis.
USDT.DTeter Dominance Analysis
Daily and weekly time frame
I expect Dominance Tether to move to the bottom of the daily zone which is 5.88.
Bitcoin is going to be dumped?
USDT.D 4H analysis - June 17 2024After precisely following June 10th analysis and reaching the target area, #USDT Dominance had another small rise and hit the area again, having seen all the confluences, now it's expected to see a drop in USDT.D and the break of the yellow trendline, market reversal seems to be close. Expecting good pumps in the market!
Expecting the upcoming drop to break below the 4.33% level. #CRYPTO #BTC
USDT.D Logarithmic Trend Compared to Bitcoin TrendIn the long term, USDT dominance is in an uptrend. Within this trend, it often rises slowly, suppressing Bitcoin and altcoins, sometimes sideways, sometimes causing price declines. Then, with the sudden drops that follow, it puts Bitcoin and altcoins into a very sharp bull season. Right now, USDT is in an uptrend. I think that Bitcoin will enter a sideways channel as long as USDT remains in an uptrend. After this channel, a drop in USDT will put Bitcoin back into the bull season.
USDT.D linear weekly bottom trendThe bottom trend shown here has been the finish line for every BTC rally for the last 15 years. You can clearly see that Tether dominance has moved down over twice the distance it did in the previous bull market. This indicates that very little retail money is present which corroborates the low volume, poor structure, and limited alt performance comparative to BTC. USDT.D is under it's weekly 200 EMA for the first time however so have to see if that trend will break. EMA's are lagging indicators and, for now, best to assume that trend will continue to hold. BTC will not see targets beyond 86 without breaking that trend and every single bit of Tether being poured into the market.
