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Cryptorphic
Jan 8, 2024 8:59 AM

#USDT Dominance signalling a Buy Signal, EXIT ALTCOINS OR WAIT? 

Market Cap USDT Dominance, %CRYPTOCAP

Description

Tether Dominance Analysis:

☑️ A slight rejection is visible; historically, rejection leads to continuation, while a breakout triggers an exit from the market.

☑️ G-Trend has already triggered a buy signal, implying a shift to selling altcoins for USDT.

☑️ For confirmation, altcoins might dip a bit more.

☑️ The blue trendline and the 6% level are crucial points to observe.

I exited 40% of my altcoins which had vertical moves on the 4th Jan right before the bleeding started.
I have plans to buy back lower but not unless I see some confirmation!

Do hit the like button if you like my updates and share your views in the comment section.
If you do, I will let you know when the sentiment changes!

#PEACE
Comments
MyCryptoParadise
The strategist had exited 40% of altcoin positions on January 4th and is looking for confirmation before re-entering.
Cryptorphic
KvazarBTC
Thank you for your work🔥
Cryptorphic
@KvazarBTC, Welcome
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