USDT DOMINANCE BREAKOUT! BAD FOR BTC!!
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Welcome to this USDT Dominance update. USDT Dominance works opposite to BTC. If USDT.D bounces BTC dump or if USDT.D dumps, BTC starts pumping.
Now let's get to the chart.
USDT Dominance breaks out from the triangle in the daily time frame and it looks very bullish to me which is very bad for the crypto market. If this pattern plays out completely then don't be shocked if we see a new low of BTC but it's early to say time will tell.
As of now, we have a 100D MA resistance ahead from there we expect rejection and a relief rally in BTC.
Until and unless USDT Dominance breaks below the $5.7 level don't expect a bullish market.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this USDT Dominance update. USDT Dominance works opposite to BTC. If USDT.D bounces BTC dump or if USDT.D dumps, BTC starts pumping.
Now let's get to the chart.
USDT Dominance breaks out from the triangle in the daily time frame and it looks very bullish to me which is very bad for the crypto market. If this pattern plays out completely then don't be shocked if we see a new low of BTC but it's early to say time will tell.
As of now, we have a 100D MA resistance ahead from there we expect rejection and a relief rally in BTC.
Until and unless USDT Dominance breaks below the $5.7 level don't expect a bullish market.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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