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Btcsteps

USDT Dominance Can Show The Bottom of BTC's Downtrend

Long
Market Cap USDT Dominance, % (CRYPTOCAP:USDT.D)  
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CRYPTOCAP:USDT.D   Market Cap USDT Dominance, %
Trend Analysis Chart Patterns Beyond Technical Analysis BTCUSD BTCUSDT altcoin ALTS altcoins ALT altseason BTC Bitcoin (Cryptocurrency)
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trendanalysis chartpattern beyondta btcusd btcusdt altcoin alts altcoins alt altseason btc bitcoin
As I wrote about the USDT dominance before, USDT.D breakout the ascending triangle and absorbed money flow and dumped the whole market. As shown in the figure, it's the third time that USDT.D is poking at all-time high resistance. If breakout, the whole market will continue its downtrend. but the scenario that I expect is USDT.D and Bitcoin sideway for a couple of days. If BTC continues sideways, we would have Altcoins/BTC pairs in an uptrend.

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