#USDT Dominance looking strong
#USDT Dominance looking strong
#USDT DOMINANCE
Keep an eye here as we are in a very bullish pattern atm. Just a reminder that this is very bearish for BTC is USDT dominance increases and even more so for ALT's.
That being said it does mean if there is not a decrease in overall market cap then money is remaining in Crypto so essentially there will be a sentiment of waiting to buy the dip and not complete exodus from the Crypto market.
So this usually means short term pain, long term gain when it pumps.
Key Factors:
- Bullish descending wedge
- Testing upper trendline line
- Can argue a cup and handle formation appearing
#USDT DOMINANCE
Keep an eye here as we are in a very bullish pattern atm. Just a reminder that this is very bearish for BTC is USDT dominance increases and even more so for ALT's.
That being said it does mean if there is not a decrease in overall market cap then money is remaining in Crypto so essentially there will be a sentiment of waiting to buy the dip and not complete exodus from the Crypto market.
So this usually means short term pain, long term gain when it pumps.
Key Factors:
- Bullish descending wedge
- Testing upper trendline line
- Can argue a cup and handle formation appearing
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