If USDT.D breaks above trendline, it could be the confirmation of Bear market.
It's just a speculation, trading with more confluences would help better.
USDT Market dominance is on the verge of breaking down the trend line support.
RSI showing bearish divergence as well.
Next potential support at 5.83% If continues to go down we might see bullish momentum in Bitcoin and crypto in couple of days.
USDT DOMINANCE ANALYSIS
USDT dominance support label 100 MA and USDT dominance breaks 100 MA to the downside then can see the usdt dominance 5.84% and also 5.33 altcoin will be pump and BTC will pump
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own...
USDT DOMINANCE ANALYSIS
As we can see just like BTC USDT dominance too currently trading in range-bound mode.
Currently, USDT DOMINANCE is rejected from the upper resistance level and now moving down to the lower support zone.
Just like before from the support level it can reverse again so be cautious with your trades at this level and keep an eye on it.
Break...
#Bitcoin Evening Update
As per this USDT.D chart, it is currently still in Level 1 area, crossing down from that bottom support trend line is safe for re-entry on alts. If that happens it reaches up to Level 2 area that will helps Bitcoin to reach 35K to 37.5K USD.
If the USDT.D takes a support from the bottom support trend line and moves up means it affects...
Double bottom pattern.
A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter...
Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
USDT.D is rejecting from upper resistance level or 2.60 is strong support ...
Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
USDT.D is now falling downside as we can see in chart or 2.60 is strong...
USDT dominance always was the main reason for growth in usdt pair market, but now it's hovering at sideways and most of the alts are going sideways too. I think it'll take more time to pump the whole alt market, be patient
