Due to the dominance of usd and touching very strong support at point 2.43, we expect the market to return to the previous ceiling resistance, ie point 3.81.
Dear friends, As you can see, the dominance of USDT is going to the important area now. This strong support can lead USDT dominances up, it means btcusdt willing to have correction and if break out this area, btcusdt will fly to the moon. So, please do your personal analysis and pay attention to this strong support more.
The 549-day USDT Dominance Trend Support Line was broken. This is confirmed by the increase in trading volume as well as the RSI and AROON indicators Important confirmation of Bitcoin price rise
USDT in Weekly support and its my idea: The power of this support is great.... Please check other dominance charts and price charts in the market as well its not signal...but I believe Bitcoin will improve in the short term good luck
I have been following this chart since since early september 2020. Works well correlated with big caps especially BTC and ETH. At least personally I stick with these two. Notes about chart: If there is an increase that means money flows into cash If there is decrease that means money flows into BTC/ETH and maybe some other big caps. I prefer to trade BTC or ETH...
this is my close vision to the next movement for usdt.d
My idea is the market in place for 1 week or 2 weeka about 3.81 and 4.49 $ in USDT dominance.After that begin a new rally in market and USDT.D go to full it gap about 2.91 and 3.27$
Market correction happening soon ! based on this bullish pattern on the usdt.d
USDT.D DAILY TETHER DOMINANCE Reverse BITCOIN
Here is something that everyone in crypto needs to watch more closely. The USDT dominance chart is a great way to map out how invested people are at any given moment. In the last month, we have seen participants move to cash, but are we on the cusp on a trend reversal? The charts are giving clues of that right now. Let’s hop onto the chart: The first thing that...
Hello friends! Please do subscribe and like it in case you love the idea. 🧐We managed to find a very interesting correlation between the USDT dominance and bitcoin price. You need to turn on the correlation coefficient indicator between these charts (BTC & USDT Dominance) to see it. There will be 100% negative correlation between them and this is logical In...
Today we look again at the USDT.D. This chart always has clues for where the money is going. Right now we are seeing all time highs in USDT.D! That is an environment where cryptos are trending downward. Let’s have a look: So now the question remains, when do we go long? Well the 3D chart is a decent indicator of bounces. Right now we are overbought on the MACD...
This is crazy! I have never seen a gap like this on the 3 day chart for USDT. There were some big players moving into USDT before this crash! We like to watch the USDT.D for hints on larger macro moves in BTC. Whenever we see a move of this magnitude, we always take notice. As you know, we were short for this trade. We have taken down most of our short exposure...
Check out my latest blog post for a more in depth analysis: www.derzzycharts.com As Technical Analysts, we have to use every tool at our disposal. While BTC.D gets a lot of attention in the crypto space, USDT.D can be just as helpful as it trends inversely to BTC. If we look at the two charts side by side, what do we see? So now we have to ask ourselves which...