USDT DOMINANCE: LIKELY TO BOUNCE BACK?
Hello traders, I hope you all are doing great. Here's an update on the USDT.D.
Timeframe: 3 days.
Update: The USDT.D is holding support at the 7% level and as I mentioned in my previous update, the USDT.D is likely to bounce back. If that happens then get ready to witness BTC dropping further down. As we can see that the USDT.D is yet to test its upper trendline which is around 12% and if the support 1 level continues to hold the dominance then it is likely possible. With that said, if the USDT.D reaches 12%, it is highly possible that BTC will drop up to $12k.
On the other side, if the USDT.D breaks down below the support 1 level then we can expect some greens on BTC and other altcoins.
I'll come up with more updates soon until then trade safely.
Timeframe: 3 days.
Update: The USDT.D is holding support at the 7% level and as I mentioned in my previous update, the USDT.D is likely to bounce back. If that happens then get ready to witness BTC dropping further down. As we can see that the USDT.D is yet to test its upper trendline which is around 12% and if the support 1 level continues to hold the dominance then it is likely possible. With that said, if the USDT.D reaches 12%, it is highly possible that BTC will drop up to $12k.
On the other side, if the USDT.D breaks down below the support 1 level then we can expect some greens on BTC and other altcoins.
I'll come up with more updates soon until then trade safely.
