USDT DOMINANCE UPDATE! BULL RUN START!!
Updated
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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.
Now, let's get to the chart.
USDT Dominance looks bearish here. Breaks below an ascending triangle in a daily time frame. Also, it breaks below the 21D ma. All these things indicate that we are entering again in a bull market.
We just have to wait for a few hours to confirm this breakdown.
If everything goes well and Russia didn't do anything stupid or aliens invade the earth then we will surely see a new ATH of BTC this year. Be ready to make a lot of money.
INVALIDATION LEVEL:- If any daily candle closes above the 4.36 level then this chart becomes invalid.
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.
Now, let's get to the chart.
USDT Dominance looks bearish here. Breaks below an ascending triangle in a daily time frame. Also, it breaks below the 21D ma. All these things indicate that we are entering again in a bull market.
We just have to wait for a few hours to confirm this breakdown.
If everything goes well and Russia didn't do anything stupid or aliens invade the earth then we will surely see a new ATH of BTC this year. Be ready to make a lot of money.
INVALIDATION LEVEL:- If any daily candle closes above the 4.36 level then this chart becomes invalid.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Note
In LTF it may bounce a bit because it is having some local support here at around 4.18 level and the next support is at 4.0 level. It is making a double top-like structure in a 4hr time frame and trading inside a channel. Once it breaks below this channel it will dump hard and we will see a new rally in BTC and other altcoins.
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