BTC.D
In this scenario, if USDT.D fails to create a new high or even an equal high and starts melting down, it could indicate a bearish structure forming—specifically, a Head and Shoulders pattern. This pattern often signals a reversal, meaning USDT.D could continue dropping.
If this happens, it would likely lead to BTC dominance (BTC.D) rising, as capital flows out of stablecoins and into Bitcoin. This could fuel an upward movement for BTC, making it crucial to keep an eye on this development.
Stay prepared and plan accordingly. Hope this helps!
In this scenario, if USDT.D fails to create a new high or even an equal high and starts melting down, it could indicate a bearish structure forming—specifically, a Head and Shoulders pattern. This pattern often signals a reversal, meaning USDT.D could continue dropping.
If this happens, it would likely lead to BTC dominance (BTC.D) rising, as capital flows out of stablecoins and into Bitcoin. This could fuel an upward movement for BTC, making it crucial to keep an eye on this development.
Stay prepared and plan accordingly. Hope this helps!
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.
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.