USDT dominance has beautifully followed the analysis so far. After crossing down the indicated blue trendline, USDT.D has begun a downward movement and we can see many coins have had nice rises since April 9th as it was predicted.
This downward move will probably expand towards the 3.7% support zone where we expect BTC and altcoins to form major daily and probably weekly pivots but a temporary upward reaction can be expected along the way in the 4.58% - 4.73 zone meaning that there will be a temporary weak or strong dump in the market.
This downward move will probably expand towards the 3.7% support zone where we expect BTC and altcoins to form major daily and probably weekly pivots but a temporary upward reaction can be expected along the way in the 4.58% - 4.73 zone meaning that there will be a temporary weak or strong dump in the market.
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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.