USDT DOMINANCE UPDATE! BULL MARKET END?
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Welcome to this USDT DOMINANCE update. USDT DOMINANCE is a leading indicator of bull or bear market. You can get an idea of the whole cryptocurrency market by looking at the chart of USDT.D
I'll try to keep my chart very simple. USDT Dominance is near at the major resistance level in the weekly timeframe. It is moving inside a big ascending triangle.
The main resistance line is around 4.88 level. If we get a weekly close above 4.88 level then ready for a bear market.
If Dominance gets rejected from here then we bull market continuous and everything again starts pumping. I'm expecting a drop from here but still we have to be ready for every possible scenario.
So until we get any confirmation I recommend you to stay light with your positions. Try to do just some scalping with a proper strict SL.
I know many people thinking if the bear market starts then what do we do? How do we earn money? So don't worry guys if the bear market comes then we will short many coins and do some good scalping and earn a lot of money. Whether it's a bull market or bear market I'll try my best that my followers earn some good money.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this USDT DOMINANCE update. USDT DOMINANCE is a leading indicator of bull or bear market. You can get an idea of the whole cryptocurrency market by looking at the chart of USDT.D
I'll try to keep my chart very simple. USDT Dominance is near at the major resistance level in the weekly timeframe. It is moving inside a big ascending triangle.
The main resistance line is around 4.88 level. If we get a weekly close above 4.88 level then ready for a bear market.
If Dominance gets rejected from here then we bull market continuous and everything again starts pumping. I'm expecting a drop from here but still we have to be ready for every possible scenario.
So until we get any confirmation I recommend you to stay light with your positions. Try to do just some scalping with a proper strict SL.
I know many people thinking if the bear market starts then what do we do? How do we earn money? So don't worry guys if the bear market comes then we will short many coins and do some good scalping and earn a lot of money. Whether it's a bull market or bear market I'll try my best that my followers earn some good money.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!