USDT DOMINANCE SPIKE: RELIEF RALLY SOON FOR ALTS/BTC?USDT Dominance measures USDT market cap against all other coins. While not as potent as BTCD or TOTAL2, it can be a helpful indicator to know what traders are doing, as many of them use USDT over fiat.
Obviously, when BTC sells off, USDTD spikes. Based on a little TA, we might expect a relief rally for the market soon. USDT is basically at resistance, but it did put in a slightly higher high. Recent volume is decreasing, signaling a reduction in selling pressure.
RSI is nearly at Overbought levels (which would be considered oversold for the rest of the market)
Just remember - When you think BTC can't go any lower... it always can.
Happy trades,
CD
Tether
BTC Repeating pattern identified - see chartBTC Repeating pattern identified - see chart. I've identified this perfectly correlating (mirrored) pattern that I believe to be a result of ,albeit lazy at best, algorithmic trading set to auto-pilot and left to be. My theories as to why are: A.Lack of liquidity from the buy-side B.Low supply of BTC being concealed by the ongoing USDT (Tether) ponzi scheme. I have come to the conclusion that the impending economic collapse has already been "priced (programmed)-in" so to speak. And that by the time the SHTF and people realize that all the USDT theyve used to "buy BTC" with is all worthless and fake and that they in fact dont own any Coin whatsoever, it'll be too late and Jaime Dimon and Elon Musk will be toasting Mojitos on Epstein's island. Arm yourselves with knowledge people. Protect your OWN best interests like no one else can. Good luck and God speed.
BITCOIN - Obviously NOT!Hello Friends,
Just a quick update on BTC.
This is not based on Phoenix Ascending, but on clear signs that I see with a few of then being: an obvious double top above $48k after that fake manipulated wick, obvious lower high rejection on $47k, and obvious rising wedge breakdown & retest.
We were expecting some correction now looks like it's here. Fib targets on the right gives an idea on where the price can stop.
Trade thirsty, my friends!