USDT DOMINANCE BOUNCING FROM SUPPORT! BEARISH FOR CRYPTO MARKET!
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT Dominance update. As I told you in my previous USDT Dominance update that we have a very strong support at 7.0-7.2 level and it is exactly bouncing from this level.
USDT Dominance is already breaks out from the symmetrical triangle and this move to the downside is just a retest. After this successful retest we can expect a good bounce in USDT Dominance which is very bad for BTC and Alts.
For a bullish scenario it has to breaks below the triangle. Any 4hr candle close below 7.0 level will start a bullish rally in BTC and Alts. So keep a close eye on this and take trade accordingly.
What do you think about this?
Do you think it will continue bouncing from here or do you think that it will break below the support this time and we see a bullish rally in the market?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this USDT Dominance update. As I told you in my previous USDT Dominance update that we have a very strong support at 7.0-7.2 level and it is exactly bouncing from this level.
USDT Dominance is already breaks out from the symmetrical triangle and this move to the downside is just a retest. After this successful retest we can expect a good bounce in USDT Dominance which is very bad for BTC and Alts.
For a bullish scenario it has to breaks below the triangle. Any 4hr candle close below 7.0 level will start a bullish rally in BTC and Alts. So keep a close eye on this and take trade accordingly.
What do you think about this?
Do you think it will continue bouncing from here or do you think that it will break below the support this time and we see a bullish rally in the market?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Related publications
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.