Market Cap USDT Dominance, %Updated USDT DOMINANCE NEW UPDATE (4H)
By analyzing the chart with the latest data, we observed that after the diametric and upward movements of USDT dominance, this index is now forming a descending triangle.
We are currently in wave d of this triangle.
The green zone is where you should be cautious with your buy/long futures positions.
For wave e of this triangle, it remains to be seen how strong wave e will be. If wave e behaves normally, it should end in the red box, leading to a significant drop in USDT dominance, which could trigger the main altcoin season.
We will follow the market step by step.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
We are currently in wave d of this triangle.
The green zone is where you should be cautious with your buy/long futures positions.
For wave e of this triangle, it remains to be seen how strong wave e will be. If wave e behaves normally, it should end in the red box, leading to a significant drop in USDT dominance, which could trigger the main altcoin season.
We will follow the market step by step.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade active
You can see the reaction of Tether dominance to the green zone which has turned the market red
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Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
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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.
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
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.