Tether Dominance Continues Bullish, Hits Another Resistance...

USDT.D (Tether Dominance Index) did not drop and continues higher...
But this is possible of course.

We are seeing the "last hoorah", the last jump, the peak, the top, the All-Time High... After the All-Time High comes a new low.

Bitcoin hit an All-Time High back in November 2021, it has been dropping since.

Technically the ATH was hit back in April 2021... So Bitcoin has been dropping for more than a year based on this one.

This is exactly what will happen to the Tether Dominance Index (USDT.D).

After the next peak price, it will have a long-term bear market...

Why are we interested in this?

Bitcoin's price based on BTCUSD and the USDT.D index have an inverse correlation.

The fact that this index is massively overbought and reaching new highs tells us that Bitcoin is massively oversold and hitting new lows.

Bitcoin is at the bottom, USDT.D is at the top.

This will reverse and that's our call.

Namaste.