- Over the past few years, I've posted numerous charts on USDT and most of them have been spot on. In trading, what goes up must eventually come down. That's just how the market works. i will link my older analysis following this post.
- To predict a BTC pump using USDT dominance (USDT.D) is actually quite simple. When USDT printing slows down or stops, USDT dominance tends to rise, indicating less liquidity flowing into the market and BTC usually drops. But when more USDT is printed, it signals growing demand and inflow of capital. As a result, USDT dominance drops and BTC typically moves up.
- back to the trend :
You can clearly identify two megaphone patterns:
– The first began in 2018 and ended in 2022, following Bitcoin’s bull run to $70K. ( Green ).
– The second started in 2022 and is still unfolding today." ( Yellow ).
- the key point to look closely is 6.40% Dominance.
- From 2022 to 2024 this point acted multiple times as support.
- but from January 2024 ( Orange Vertical dotted Line) it started to act as resistance.
- As I always say, support has a nasty habit of turning into resistance, and once again, that’s exactly what happened here."
- USDT has now entered a bearish megaphone pattern, and I expect it to continue moving lower, if USDT.D broke down 3.80%, 2.70% is coming next.
Based on this, BTC is likely to move higher, the bull run isn’t over, time to stack more sats !
Happy Tr4Ding !
- To predict a BTC pump using USDT dominance (USDT.D) is actually quite simple. When USDT printing slows down or stops, USDT dominance tends to rise, indicating less liquidity flowing into the market and BTC usually drops. But when more USDT is printed, it signals growing demand and inflow of capital. As a result, USDT dominance drops and BTC typically moves up.
- back to the trend :
You can clearly identify two megaphone patterns:
– The first began in 2018 and ended in 2022, following Bitcoin’s bull run to $70K. ( Green ).
– The second started in 2022 and is still unfolding today." ( Yellow ).
- the key point to look closely is 6.40% Dominance.
- From 2022 to 2024 this point acted multiple times as support.
- but from January 2024 ( Orange Vertical dotted Line) it started to act as resistance.
- As I always say, support has a nasty habit of turning into resistance, and once again, that’s exactly what happened here."
- USDT has now entered a bearish megaphone pattern, and I expect it to continue moving lower, if USDT.D broke down 3.80%, 2.70% is coming next.
Based on this, BTC is likely to move higher, the bull run isn’t over, time to stack more sats !
Happy Tr4Ding !
Trade active
older chart :
Trade closed: target reached
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Don’t forget to check my previous charts , if you want to understand the future, you need to study the past.
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.
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.