USDT.D Flashing BEARISH Signal For Bitcoin and Total Market Cap
In this video, I've re-created a study I saw online about USDT.D (USDT Tether Dominance) and how whenever it's dropped to this trendline since 2018/2019.
It's also marked the top of the market in terms of Bitcoin and Total Market Cap.
It obviously makes sense that with money flowing into crypto and Bitcoin, that money would flow out of Tether and stablecoins... But still, this is a very interesting inverse relationship.
This is either one of those charts we'll look back at in hindsight, and think 'Well that was obvious' -- Or we'll see a break of this trendline, because...
Maybe this cycle IS different.
I'll be watching this to see if USDT.D starts rising, and BTC.D starts dropping.
This could spark a mini-alt season in the mean time, which would be great.
But I would be taking profits into resistance levels, if this USDT.D chart looks to be turning up.
What are your thoughts?
Please Like, Leave a Comment, and feel free to Share!
- Brett
It's also marked the top of the market in terms of Bitcoin and Total Market Cap.
It obviously makes sense that with money flowing into crypto and Bitcoin, that money would flow out of Tether and stablecoins... But still, this is a very interesting inverse relationship.
This is either one of those charts we'll look back at in hindsight, and think 'Well that was obvious' -- Or we'll see a break of this trendline, because...
Maybe this cycle IS different.
I'll be watching this to see if USDT.D starts rising, and BTC.D starts dropping.
This could spark a mini-alt season in the mean time, which would be great.
But I would be taking profits into resistance levels, if this USDT.D chart looks to be turning up.
What are your thoughts?
Please Like, Leave a Comment, and feel free to Share!
- Brett
25-year investor & trader, bought 1st BTC at $20
More information:
Moonstream Crypto: moonstream.io
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Work With Me 1:1
moonstream.io/work-with-me
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstream.io/work-with-me
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