thecryer

Tether The Trumpet

thecryer Atualizado   
CRYPTOCAP:USDT.D   Market Cap USDT Dominance, %
- On this Chart i use zero indicator and just the trend.
- Some basic supports and resistances.
- What we can see and deduct ?

- Tether jumped from 0.01% to 1% dominance from 2015 to 2018.
- from 2019 to 2023 USDT.Dom growed from 1% to 10%.

- now the trend is still evolving in a steady broadening trumpet formation.

- Do you really believe Tether would reach 35% Dominance in Crypto Markets ?
- it would mean that 35% of peoples would prefer to stay in Stables Fiat and win nothing.

- Just using logic and combine FA + TA :

- This uper trend will be broken down soon or later.
- i just do believe that Tether have to crash at one point ( no matter the reason ).


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- So now a quick comprehensive explanation about Tether.Dom and how it works :

1 - When BTC down = Peoples swap their BTC to USDT (panic)
- USDT.Dom up !
- Tether stop the printing Machine and wait.

2. - When BTC up = Peoples swap their USDT to buy BTC (fomo)
- USDT.Dom Down !
- Tether have to restart the printing machine and issue more USDT to cover BTC demands.

- Yes it's simple as that..
- Tether is not really different than the FED.
- they just print more USDT from thin air when peoples want buy more BTC.
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- Remember that without BTC, Tether would worth 0$ and disappear.
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St4y Safe

Happy Tr4Ding !
Comentário:
Older USDT Crash analysis :

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Older Race ( USDT vs USDC ) :

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Struggling down already. Time for a little print Paolo.

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and brrr...

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someone is buying.

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- Resistances Turn as Supports.
- Supports Turn as Resistances.

Comentário:
- This analysis sound as nothing but this is the first time Tether.D breaks his perma bullish trend trend from 2018.
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Aviso legal

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