Hello everyone. I want share my idea about USDT Dominance.
On this index we have little bit different picture than bitcoin here i think is we see some better picture and here is why.
USDT Dominance was consolidating same as bitcoin, we had here some liquidity swings swings and the biggest i have marked.
USDT Dominance is in strong sell which i think will continue but for that i need to see new swing high, this is why i think on bitcoin we will see some big liquidity swing.
Here we have simple scenes of price action.
1 Bullish - Price brake 7.43 LVL making retest and strong going up, brake Fibonacci levels which also strong resistance for USDTD.
2 Bearish - price making same brake out and from Fibonacci LVL coming strong down which has effect on bitcoin and bitcoin going strong up side.
BE PATIENT!!! i will link my idea about bitcoin in this idea.
On this index we have little bit different picture than bitcoin here i think is we see some better picture and here is why.
USDT Dominance was consolidating same as bitcoin, we had here some liquidity swings swings and the biggest i have marked.
USDT Dominance is in strong sell which i think will continue but for that i need to see new swing high, this is why i think on bitcoin we will see some big liquidity swing.
Here we have simple scenes of price action.
1 Bullish - Price brake 7.43 LVL making retest and strong going up, brake Fibonacci levels which also strong resistance for USDTD.
2 Bearish - price making same brake out and from Fibonacci LVL coming strong down which has effect on bitcoin and bitcoin going strong up side.
BE PATIENT!!! i will link my idea about bitcoin in this idea.
Comment:
USDT Dominance find strong support at 7.27 LVL.
