This is just part of a confluence of indicators that seem to point towards a dump in BTC along with pump in DXY
If DXY pumps, BTC will dump, which is typically correlated with rise in USDT dominance.
USDT dominance has often bounced between upper and lower bollinger bands and is currently at bottom band, poised to pump up to the top...at the same time that BTC is on edge of dump, being at resistance as well as the DXY having retested previous resistance as support and moving up.
If DXY pumps, BTC will dump, which is typically correlated with rise in USDT dominance.
USDT dominance has often bounced between upper and lower bollinger bands and is currently at bottom band, poised to pump up to the top...at the same time that BTC is on edge of dump, being at resistance as well as the DXY having retested previous resistance as support and moving up.
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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.