USDT.D trade ideas
#DOMINANCE UPDATE!#DOMINANCE UPDATE
In the short-term, a symmetrical triangle pattern is forming within the dominance trend, with the current trading activity occurring above the lower support level. It is important to exercise caution, as a breakout or breakdown of this pattern will confirm the next move in the trend.
Stay tuned
USDT Dominance The USDT Dominance analysis with which we confirmed the growth of the market. It reached the target range of 4%, indicating market growth. The next key area to watch is below 3%, where reactions need to be observed. The 4% level isn't significant, but rather a point where the market structure continues.
When USDT dominance goes down, it means that fewer people are using USDT (a type of stablecoin) compared to other cryptocurrencies like Bitcoin and altcoins. This usually happens when investors feel more confident in the cryptocurrency market and want to invest in different digital currencies. As more money flows into Bitcoin and altcoins, their prices tend to go up because of increased demand.
Usdt dominance tether I suspect that the crypto market will soon correct by at least 20% in the coming weeks. Tether is still at support I can see btc at around 72k at most . Historically when the support line on tether is hit . The market retraces so. We shall see from now to mid April or so if the correction happens. The idea would be invalidated if usdt breaks below support line