USDT DOMINANCE REACHING TOWARDS 5%.
Welcome to my update on USDT Dominance.
The USDT dominance perfectly got rejected from the 21 MA as per my last post and also it has bounced back exactly from the 3.77% support I mentioned in my updates. This bounce-back certainly dropped BTC and other altcoins and if the USDT dominance continues to rally higher then we may see some more corrections coming in on BTC and other altcoins.
If we look into the recent chart then the USDT dominance is breaking out of the 21 MA resistance level and aiming for 5% where we have a strong resistance for USDT.D. A rally towards 5% can literally mean some further drops on the market.
I personally don't want the USDT.D to go any higher from this level rather a rejection from here will be great. But even if the USDT.D does rally higher from here and the market drops, I would consider it as a good opportunity to enter into some profitable coins and make money. It will be like a Black Friday sale on Valentine's Day, LOL!
But honestly, let's be extra careful here cause the market can make a sudden move.
Let me know what you think about the USDT dominance and other altcoins as well as about BTC.
Do like and follow for more interesting updates.
Thank you and Happy Valentine's Day.
The USDT dominance perfectly got rejected from the 21 MA as per my last post and also it has bounced back exactly from the 3.77% support I mentioned in my updates. This bounce-back certainly dropped BTC and other altcoins and if the USDT dominance continues to rally higher then we may see some more corrections coming in on BTC and other altcoins.
If we look into the recent chart then the USDT dominance is breaking out of the 21 MA resistance level and aiming for 5% where we have a strong resistance for USDT.D. A rally towards 5% can literally mean some further drops on the market.
I personally don't want the USDT.D to go any higher from this level rather a rejection from here will be great. But even if the USDT.D does rally higher from here and the market drops, I would consider it as a good opportunity to enter into some profitable coins and make money. It will be like a Black Friday sale on Valentine's Day, LOL!
But honestly, let's be extra careful here cause the market can make a sudden move.
Let me know what you think about the USDT dominance and other altcoins as well as about BTC.
Do like and follow for more interesting updates.
Thank you and Happy Valentine's Day.
