๐STAY NIMBLE - Crypto Is About To Shout With Joy OR CRY!!! ๐ญ๐ญ
Hi everyone, This is The Unbounded. One of the newest and most active trading view authors and fastest-growing communities. Please consider following me for the latest market updates and mid and long-term Long / Short calls. Let's get to the chart!
Currently, USDT.D (USDT Dominance) is dictating the crypto markets and it is approaching a key level of support.
USDT.D is currently approaching the 4% level which has been a historical level of resistance. Similar to the DXY, when USDT.D goes down, crypto goes up. So if USDT.D falls through 4%, BTC and altcoins will do well. If USDT.D is rejected off 4% and starts increasing again, then look for a major dump.
Stay nimble...either look to enter/add to trades or exit and book some profits depending on what USDT.D does around the 4% level.
โญ If you liked this content, please consider subscribing and giving it a Thumbs Up ๐. If you have any feedback or suggestions, please leave a comment below as I answer each comment.
Namaste ๐
Currently, USDT.D (USDT Dominance) is dictating the crypto markets and it is approaching a key level of support.
USDT.D is currently approaching the 4% level which has been a historical level of resistance. Similar to the DXY, when USDT.D goes down, crypto goes up. So if USDT.D falls through 4%, BTC and altcoins will do well. If USDT.D is rejected off 4% and starts increasing again, then look for a major dump.
Stay nimble...either look to enter/add to trades or exit and book some profits depending on what USDT.D does around the 4% level.
โญ If you liked this content, please consider subscribing and giving it a Thumbs Up ๐. If you have any feedback or suggestions, please leave a comment below as I answer each comment.
Namaste ๐
