Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT.D update. As you know USDT dominance is the inverse of BTC and Alts. If USDT dominance goes down then whole market BTC and Alts will go up or if USDT dominance goes up then the whole market will go down.
As you see in the chart currently USDT dominance is at a very crucial resistance. IMO it will go down from here. 4.3-4.5 is a very important resistance level for USDT dominance.
If we get a daily close above 4.5 level then we see more dump in the market but I don't think that will happen. I expect a good dump in USDT dominance from here.
INVALIDATION LEVEL:- If daily close above 4.5
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this USDT.D update. As you know USDT dominance is the inverse of BTC and Alts. If USDT dominance goes down then whole market BTC and Alts will go up or if USDT dominance goes up then the whole market will go down.
As you see in the chart currently USDT dominance is at a very crucial resistance. IMO it will go down from here. 4.3-4.5 is a very important resistance level for USDT dominance.
If we get a daily close above 4.5 level then we see more dump in the market but I don't think that will happen. I expect a good dump in USDT dominance from here.
INVALIDATION LEVEL:- If daily close above 4.5
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
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.
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.