USDT DOMINANCE DOWN, BTC UP!!
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT Dominance update. For those who don't know about USDT.D here is a short answer for you. USDT.D is inversely proportional to the growth in ALTCOINS and BTC in general.
If USDT.D Dumps it literally means all the money from market-moving into BTC and ALTCOINS which eventually leads to a good pump in the market.
Let's get to the chart.
USDT Dominance forms a falling wedge-like structure and moves inside it. Previously since Dec. 2021, it's made Higher highs and higher lows which means it's moving in an uptrend. Currently, it breaks down its uptrend direction and made Lower low the first time which shows the trend is changing and it is ready to fall.
Also, you see a purple dashed line in the chart. USDT.D holding this purple line for so long and recently a few days back it breaks below this line and also retests are done after the breakdown.
Now only one more conformation we need is to break below the 100 MA. If it breaks below 100 ma then we see a good pump in whole 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. For those who don't know about USDT.D here is a short answer for you. USDT.D is inversely proportional to the growth in ALTCOINS and BTC in general.
If USDT.D Dumps it literally means all the money from market-moving into BTC and ALTCOINS which eventually leads to a good pump in the market.
Let's get to the chart.
USDT Dominance forms a falling wedge-like structure and moves inside it. Previously since Dec. 2021, it's made Higher highs and higher lows which means it's moving in an uptrend. Currently, it breaks down its uptrend direction and made Lower low the first time which shows the trend is changing and it is ready to fall.
Also, you see a purple dashed line in the chart. USDT.D holding this purple line for so long and recently a few days back it breaks below this line and also retests are done after the breakdown.
Now only one more conformation we need is to break below the 100 MA. If it breaks below 100 ma then we see a good pump in whole 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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