BTC DOM VS USDT DOM!!
TL:DR - ALTS GONNA BOOM IF BTC HOLDS.
BTC dominance (BTC.D) and USDT dominance (USDT.D) with the following observations:
BTC Dominance (Right Chart):
• Current Level: BTC.D is at 57.62%.
• Resistance Zone: A marked resistance zone between 58.00% and 62.00%, indicating potential rejection if BTC.D rises into this area.
• Support Zone: A support zone is visible around 55.00%, suggesting BTC.D could drop to this level if selling pressure increases.
• Projected Movement: The green line indicates a potential drop and oscillation within the range, implying consolidation or retracement in BTC’s dominance.
USDT Dominance (Left Chart):
• Current Level: USDT.D is at 3.93%.
• Resistance Zone: Highlighted near 4.40% to 4.60%, showing potential rejection if USDT.D rises to this zone.
• Support Zone: Around 3.60%, indicating USDT dominance could fall to this level, with buyers likely stepping in.
• Projected Movement: The green line suggests a possible bounce from the support zone, followed by oscillation and eventual testing of the resistance zone.
Implication:
• BTC Dominance Drop: Indicates an increase in altcoin activity as funds move from BTC to other cryptocurrencies.
• USDT Dominance Rise: Reflects risk-off behavior, with traders holding stablecoins amid market uncertainty.
BTC dominance (BTC.D) and USDT dominance (USDT.D) with the following observations:
BTC Dominance (Right Chart):
• Current Level: BTC.D is at 57.62%.
• Resistance Zone: A marked resistance zone between 58.00% and 62.00%, indicating potential rejection if BTC.D rises into this area.
• Support Zone: A support zone is visible around 55.00%, suggesting BTC.D could drop to this level if selling pressure increases.
• Projected Movement: The green line indicates a potential drop and oscillation within the range, implying consolidation or retracement in BTC’s dominance.
USDT Dominance (Left Chart):
• Current Level: USDT.D is at 3.93%.
• Resistance Zone: Highlighted near 4.40% to 4.60%, showing potential rejection if USDT.D rises to this zone.
• Support Zone: Around 3.60%, indicating USDT dominance could fall to this level, with buyers likely stepping in.
• Projected Movement: The green line suggests a possible bounce from the support zone, followed by oscillation and eventual testing of the resistance zone.
Implication:
• BTC Dominance Drop: Indicates an increase in altcoin activity as funds move from BTC to other cryptocurrencies.
• USDT Dominance Rise: Reflects risk-off behavior, with traders holding stablecoins amid market uncertainty.
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The 〽️agic happens here: @MastaCryp
Official Telegram Channel : @mastaishere | 〽️agic Begins 🪄 with 〽️astaCrypta! |
Accuracy and Precision?? - I just doodle and that's it 🪄
Join 〽️astaTrades & The Alchemy Syndicate ™ 🔮 Today!
The 〽️agic happens here: @MastaCryp
Accuracy and Precision?? - I just doodle and that's it 🪄
Join 〽️astaTrades & The Alchemy Syndicate ™ 🔮 Today!
The 〽️agic happens here: @MastaCryp
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