USDT Dominance continues to trend down, indicating capital is continuing to rotate out of stablecoins and into risk-on assets. On it's face, this is a bullish sign that indicates we can continue to see broad price appreciation across the cryptocurrency markets.
Things to note and prepare for: USDT Dominance IS at a critical support level. USDT Dominance has reversed from this Demand Zone many times since it was established in the Summer of 2022.
Should USDT Dominance reverse here, it would indicate a capital rotation back into stablecoins and the beginning of a decline in prices across the cryptocurrency markets.
However, should USDT Dominance instead crash through this Support Area, expect big Jericho Candles erupting across your favorite tokens.
Recommendations: Continuing to hold long positions for swing/positional trades is fine, however consider trimming/closing positions upon a USDT Dominance reversal.
Things to note and prepare for: USDT Dominance IS at a critical support level. USDT Dominance has reversed from this Demand Zone many times since it was established in the Summer of 2022.
Should USDT Dominance reverse here, it would indicate a capital rotation back into stablecoins and the beginning of a decline in prices across the cryptocurrency markets.
However, should USDT Dominance instead crash through this Support Area, expect big Jericho Candles erupting across your favorite tokens.
Recommendations: Continuing to hold long positions for swing/positional trades is fine, however consider trimming/closing positions upon a USDT Dominance reversal.
Subscribe to the Crypto Alpha Report to receive my insights in your inbox daily. Data-driven research to keep you armed and dangerous.
academy.crackingcryptocurrency.com/newsletters/crypto-alpha-report/subscribe
academy.crackingcryptocurrency.com/newsletters/crypto-alpha-report/subscribe
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
Subscribe to the Crypto Alpha Report to receive my insights in your inbox daily. Data-driven research to keep you armed and dangerous.
academy.crackingcryptocurrency.com/newsletters/crypto-alpha-report/subscribe
academy.crackingcryptocurrency.com/newsletters/crypto-alpha-report/subscribe
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.