Using a series of analysis on USDT dominance so far, we've been able to accurately predict and follow the market step by step so far.
Following the previous analysis, as it was expected, the index started showing some reaction upon reaching the designated zone of 4.58% - 4.73% and thus some slight corrections have taken place across the market.
The said zone is not expected to cause a strong upward reaction in the index, in fact a short-term sideways movement is more possible before continuing the drop towards the 3.7% zone where a major weekly top in BTC can be expected to form (probably around 130,000 zone).
Since BTC dominance is also having a mid-term drop, altcoins are performing much better and it seems we're experiencing a small alt-party.
Following the previous analysis, as it was expected, the index started showing some reaction upon reaching the designated zone of 4.58% - 4.73% and thus some slight corrections have taken place across the market.
The said zone is not expected to cause a strong upward reaction in the index, in fact a short-term sideways movement is more possible before continuing the drop towards the 3.7% zone where a major weekly top in BTC can be expected to form (probably around 130,000 zone).
Since BTC dominance is also having a mid-term drop, altcoins are performing much better and it seems we're experiencing a small alt-party.
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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.