#USDT Dominance giving us a hint for the next move...
Welcome to this short update on USDT Dominance.
Reasons to Follow me?
*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
*500+ Ideas Posted so far
Let's get to the chart!
USDT Dominance broke below the triangular pattern in this 30 minutes chart.
In case it breaks and closes above the 4.56% level in this chart expect the whole market to god won for the next couple of days and BTC could reach the lower 37k level to print the lower low in LTF.
In case we get a rejection from here, expect BTC to rally towards 45k soon.
So there's nothing to predict here, we need to be vigilant as well as keep an eye on the charts.
Rejection at this point will tell us how the next week could be.
Sunday close will be important keep an eye on that.
Conclusion:- USDT Dominance is at the decisive point. Taking any long or short positions is risky.
With confirmation, Long on Rejection, and Short on the breakout, That's the plan
DYOR, before taking any trade. Always try to learn rather than blindly follow anyone's idea.
Keep an eye on the market
Do hit the like button if you like and share your views in the comment section.
Thank you
#PEACE
Reasons to Follow me?
*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
*500+ Ideas Posted so far
Let's get to the chart!
USDT Dominance broke below the triangular pattern in this 30 minutes chart.
In case it breaks and closes above the 4.56% level in this chart expect the whole market to god won for the next couple of days and BTC could reach the lower 37k level to print the lower low in LTF.
In case we get a rejection from here, expect BTC to rally towards 45k soon.
So there's nothing to predict here, we need to be vigilant as well as keep an eye on the charts.
Rejection at this point will tell us how the next week could be.
Sunday close will be important keep an eye on that.
Conclusion:- USDT Dominance is at the decisive point. Taking any long or short positions is risky.
With confirmation, Long on Rejection, and Short on the breakout, That's the plan
DYOR, before taking any trade. Always try to learn rather than blindly follow anyone's idea.
Keep an eye on the market
Do hit the like button if you like and share your views in the comment section.
Thank you
#PEACE
Daily Signals:- telegram.me/thecryptorphic
Coincatch:- bit.ly/15000USDTBonus
BLOFIN - bit.ly/Cryptorphic
MEXC : bit.ly/get9100usdt
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Coincatch:- bit.ly/15000USDTBonus
BLOFIN - bit.ly/Cryptorphic
MEXC : bit.ly/get9100usdt
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
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