Market Cap USDT Dominance, %Updated USDT.D Analysis
USDT.D has bounced of the trendline from 2018 and is looking bullish after a decending trend anbd bounced of the short term 5ma. In terms of the crypto market, this is a bearish sign as when usdt.d goes up everything else goes down. Look at historical times, like the 18' bearmarket. If we ever break down from this trendline the market will see a massive increase.
For now, be cautius with longs and bullish charts.
For now, be cautius with longs and bullish charts.
Note
4H bounced of ma and support, chart is looking bullish. out of all longs market can see some downwards movement.Note
Moving perfect like predicted.Trade closed manually
Perfect prediction. Btc decreased from 72k to 58k. closed all my short positions. I think that usdt.d will go down again, in favour for a bullish market.
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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.