!!!IMPORTANT UPDATE!!! USDT DOMINANCE: HITTING THE RESISTANCE!!!
Welcome members to this important update on USDT dominance in 3 days timeframe.
If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market.
The USDT dominance broke the 5.25% resistance in a lower timeframe. Looking into a higher timeframe we still have strong resistance at 5.54%. This is going to be a decisive point for the dominance and the entire market. The all-time high for USDT.D was 5.53% and it is most likely possible that we will see a new all-time high on USDT.D followed by a rejection.
So, if the rejection is imminent then can we consider BTC and other altcoins to pump?
Yes, of course. If the USDT.D gets rejected from this point then we will surely witness a mega rally coming in soon.
For BTC and altcoins to pump, all we need is a healthy rejection from the resistance level drawn in the chart. Compared to the past when USDT.D got rejected from 4.92%, it dropped close to -60% and then rallied 180% making a new ATH. Soon after that another rejection took place and it was about -50% and then a 120% till now. All this happened in a span of 100 to 180 days. This means if the USDT.D gets rejected any time soon, we may witness a mini altseason for roughly about 180 days.
Now, if the dominance break through the resistance and continues to rally higher then it will surely change the entire market scenario. This will surely be a disaster but for now, I am considering a rejection of the dominance. It will be a wise decision to wait for the confirmation and then get into BTC and other altcoins. So, get ready with your funds cause if it is so good to be true then you're gonna make some good money.
Let me know your opinion about the USDT dominance.
Thank you.
If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market.
The USDT dominance broke the 5.25% resistance in a lower timeframe. Looking into a higher timeframe we still have strong resistance at 5.54%. This is going to be a decisive point for the dominance and the entire market. The all-time high for USDT.D was 5.53% and it is most likely possible that we will see a new all-time high on USDT.D followed by a rejection.
So, if the rejection is imminent then can we consider BTC and other altcoins to pump?
Yes, of course. If the USDT.D gets rejected from this point then we will surely witness a mega rally coming in soon.
For BTC and altcoins to pump, all we need is a healthy rejection from the resistance level drawn in the chart. Compared to the past when USDT.D got rejected from 4.92%, it dropped close to -60% and then rallied 180% making a new ATH. Soon after that another rejection took place and it was about -50% and then a 120% till now. All this happened in a span of 100 to 180 days. This means if the USDT.D gets rejected any time soon, we may witness a mini altseason for roughly about 180 days.
Now, if the dominance break through the resistance and continues to rally higher then it will surely change the entire market scenario. This will surely be a disaster but for now, I am considering a rejection of the dominance. It will be a wise decision to wait for the confirmation and then get into BTC and other altcoins. So, get ready with your funds cause if it is so good to be true then you're gonna make some good money.
Let me know your opinion about the USDT dominance.
Thank you.
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