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AlanSantana
Jun 16, 2022 5:16 PM

Tether Dominance Moved Higher But Bears Are Coming Short

Market Cap USDT Dominance, %CRYPTOCAP

Description

Since our last analysis, Tether Dominance Index (USDT.D) has broken the last resistance and gone higher... This is a "last hoorah" based on the chart candles and signals.

We have shooting stars, Dojis and hammers all at new highs/resistance.

Seeing these candles at new high prices can signal that the top is in.
What follows after a new top is a strong correction.

The MACD is also at new highs but trending lower after a bearish cross.

Sooner or later, rather very soon... USDT.D will drop strong and inversely Bitcoin will go up.

Namaste.

Comment

We also have the Head & Shoulders pattern, which is bearish.
Comments
mastershark
🤜🤜🤜
philippamayall
Hold on, when you talk of usdt does that mean all usdt pairs?
AlanSantana
@philippamayall, No, just the USDT.D index chart.

Each chart/pair is independent.

This analysis is specific to this index.
philippamayall
@AlanSantana, ok thanks. Something I need to learn about.
DeGRAM
Thank you for sharing
Solldy
The idea was not too informative. In general, many of the arguments I have already noted for myself, but supported my vision) Thanks for your publication, my friend!
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