comparison between Bitcoin and USDT dominance
Updated
Hello everyone
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
USDT.D :
USDT dominance shows us investors inclination to change their coins to USDT, and vice versa.
here we see a contradiction between BTC chart and USDT.D chart.
USDT dominance shows a strong ascending channel breakout but BTC price still is moving in it's parallel channel .
USDT dominance shows people changing their USDT to coins.
According to week downside moving of BTC , I expect finally BTC breaks upside the descending channel . Also, I think the price in printing wave 5 as ending channel.
if BTC breaks upside the parallel channel , it is a good opportunity to buy Bitcoin .
Please wait until the BTC channel breaks.
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
USDT.D :
USDT dominance shows us investors inclination to change their coins to USDT, and vice versa.
here we see a contradiction between BTC chart and USDT.D chart.
USDT dominance shows a strong ascending channel breakout but BTC price still is moving in it's parallel channel .
USDT dominance shows people changing their USDT to coins.
According to week downside moving of BTC , I expect finally BTC breaks upside the descending channel . Also, I think the price in printing wave 5 as ending channel.
if BTC breaks upside the parallel channel , it is a good opportunity to buy Bitcoin .
Please wait until the BTC channel breaks.
Trade closed: target reached
As I expected, the price of BTC breaks upside its parallel channel.the price moved up and reached very important resistant zone.
you can close your position.
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