USDT DOMINANCE: DO NOT SKIP THIS UPDATE!
The USDT Dominance indicates something important; if you are a trader, you must look at this.
In this 12-hour chart, the USDT.D has been in a downtrend since early July. It has yet to test the support level ranging between 4.58% to 4.64%.
If the dominance reaches down to the support level, we are likely to see BTC hitting 70k and a decent rally in altcoins.
Here's the scary part: if the USDT.D rebounds from anywhere close to the support level, be prepared for a heavy crash.
I am hoping for a further breakdown rather than a rebound, but time will tell. For now, let's aim for a continuous downtrend toward 4.58%.
I hope this helps. Not financial advice.
Trade safely.
Team Dexter.
#USDT #BTC #Crypto
In this 12-hour chart, the USDT.D has been in a downtrend since early July. It has yet to test the support level ranging between 4.58% to 4.64%.
If the dominance reaches down to the support level, we are likely to see BTC hitting 70k and a decent rally in altcoins.
Here's the scary part: if the USDT.D rebounds from anywhere close to the support level, be prepared for a heavy crash.
I am hoping for a further breakdown rather than a rebound, but time will tell. For now, let's aim for a continuous downtrend toward 4.58%.
I hope this helps. Not financial advice.
Trade safely.
Team Dexter.
#USDT #BTC #Crypto
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