Weakest, Weak, and Strong - A Dominance Story
Check it out guys:
We see a really weak BTC.D, a weak ETH.D, and a strong USDT.D. If we want a healthy bull run, we need participation from the big guns. We also don't want to see USDT.D make new all time highs. ETH and BTC are simply not showing up to play right now. While they are ranging, which is good for Alts, we have watched both BTC and ETH fail at resistance. We have now even watched BTC break through the support and continue to fall. Now we might be seeing the start of USDT.D breaking resistance and reaching new all time highs. That is bad for everybody (other than the USDT holders who get to buy at lower prices).
What do you think?
Happy Trading!
Brandon Anderson
brandon@derzzycharts.com
@derzzycharts
www.derzzycharts.com
We see a really weak BTC.D, a weak ETH.D, and a strong USDT.D. If we want a healthy bull run, we need participation from the big guns. We also don't want to see USDT.D make new all time highs. ETH and BTC are simply not showing up to play right now. While they are ranging, which is good for Alts, we have watched both BTC and ETH fail at resistance. We have now even watched BTC break through the support and continue to fall. Now we might be seeing the start of USDT.D breaking resistance and reaching new all time highs. That is bad for everybody (other than the USDT holders who get to buy at lower prices).
What do you think?
Happy Trading!
Brandon Anderson
brandon@derzzycharts.com
@derzzycharts
www.derzzycharts.com
