Market Cap USDT Dominance, %Updated USDT DOMINANCE UPDATE (4H)
First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT .
To be honest with you, the market is in terrible condition. Buying pressure on Tether dominance is high. The recent pumps in altcoins were mainly to liquidate short positions; otherwise, the overall trend for altcoins remains bearish.
Tether dominance seems to be aiming to hunt higher supply zones. In high-volume altcoins like Ethereum, key levels have been lost, so we can rely on this Tether dominance analysis.
We will either move up from this area or from the green lines.
This move may take several months.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
To be honest with you, the market is in terrible condition. Buying pressure on Tether dominance is high. The recent pumps in altcoins were mainly to liquidate short positions; otherwise, the overall trend for altcoins remains bearish.
Tether dominance seems to be aiming to hunt higher supply zones. In high-volume altcoins like Ethereum, key levels have been lost, so we can rely on this Tether dominance analysis.
We will either move up from this area or from the green lines.
This move may take several months.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade active
Another precise insight from the BehDark team. This index has pumped over 13%.
The analysis will be updated soon
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.