17-09-2022 _ Educational _ Understanding USDT.D _ Daily
17-09-2022_Educational_Understanding USDT.D _ Daily
The catch is;
If the USDT.D is Bullish i.e its market dominance is increasing, meaning more people are parking their money in the Stable coin – most of the ALT coins will be Bearish.
Conversely, if the USDT.D is Bearish i.e its market dominance is decreasing, meaning less people are parking their money in the Stable coin – most of the ALT coins will be Bullish.
So, we can infer that there is an inverse relationship between USDT.D and most of the ALT COINs.
Let’s analyze the USDT.D on Daily time frame keeping in view the above assumptions.
1- If the resistance zone which had been retested twice in the past, holds, USDT dominance may decrease to 6.50%.
2- Meaning most of the ALT COINs will be BULLISH.
3- Conversely, if the price action manages to break above the resistance zone, USDT dominance may increase to 7.90%.
4- Meaning most of the ALT COINs will be BEARISH.
Your feedback is appreciated.
The catch is;
If the USDT.D is Bullish i.e its market dominance is increasing, meaning more people are parking their money in the Stable coin – most of the ALT coins will be Bearish.
Conversely, if the USDT.D is Bearish i.e its market dominance is decreasing, meaning less people are parking their money in the Stable coin – most of the ALT coins will be Bullish.
So, we can infer that there is an inverse relationship between USDT.D and most of the ALT COINs.
Let’s analyze the USDT.D on Daily time frame keeping in view the above assumptions.
1- If the resistance zone which had been retested twice in the past, holds, USDT dominance may decrease to 6.50%.
2- Meaning most of the ALT COINs will be BULLISH.
3- Conversely, if the price action manages to break above the resistance zone, USDT dominance may increase to 7.90%.
4- Meaning most of the ALT COINs will be BEARISH.
Your feedback is appreciated.
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.
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.