USDT DOMINACE BREAKOUT! BTC IS IN DANGER!!
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT DOMINANCE update. USDT Dominance does not look good here.
USDT.D breakout from the inverse head&shoulder pattern in an 8hr time frame which is a bullish pattern. And you know when USDT Dominanc pumps all the crypto market BTC and Alts starts dumping. This is not a good sign for a cryptocurrency market.
Although still, we have two resistance levels 4.90 and 5.22 from there we can expect a reversal. If USDT.D breaks the 5.22 level then it's really really bad for BTC. Stay cautious with your trades and keep your stop losses tight until we get any bullish confirmation.
What do you think about this?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this USDT DOMINANCE update. USDT Dominance does not look good here.
USDT.D breakout from the inverse head&shoulder pattern in an 8hr time frame which is a bullish pattern. And you know when USDT Dominanc pumps all the crypto market BTC and Alts starts dumping. This is not a good sign for a cryptocurrency market.
Although still, we have two resistance levels 4.90 and 5.22 from there we can expect a reversal. If USDT.D breaks the 5.22 level then it's really really bad for BTC. Stay cautious with your trades and keep your stop losses tight until we get any bullish confirmation.
What do you think about this?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.