USDT dominance exactly @TL where BTC bottomed 3x; BTC to rally?
USDT can be used to predict when this stablecoin rotates back into BTC & Altcoins. In the past 3 times, BTC bottommed out at exactly this trendline. Now it overshot the TL but quickly retraced exactly on the TL at 7.72% dominance forming a long red hammer in daily.. Will this again signal another BTC shortterm bottom with 21000 holding?
Looking at the distance inside the wedge formed by the 2 blue upper & lower trendlines, it seems like a big rally in crypto is coming if USDT dominance is to retrace back to the lower wedge @3.74% dominance where approximately the weekly wma200 or 150 is projected to cross.
Not trading advice
Looking at the distance inside the wedge formed by the 2 blue upper & lower trendlines, it seems like a big rally in crypto is coming if USDT dominance is to retrace back to the lower wedge @3.74% dominance where approximately the weekly wma200 or 150 is projected to cross.
Not trading advice