Hello guys good day!
Here is USDT.D or Tether Dominance’s rising channel which reached at the top of the channel and its reacting.
First what is USDT.D and how can it help us for trading cryptocurrency?
USDT.D shows the status of Tether availability in the cryptocurrency market where when it rises market will fall and when it falls market rises completely a vice-versa relationship.
Ok based on this, The question is will the channel break upward? And market will fall more further?
Well as you can see the history clearly it shows that this channel is too strong to be broken and it may get push the price downward and then the market will rise and Bitcoin will get bullish and this will cause Alt coins to explode upside.
However on the other hand the sell pressure is heavy this time! And there is chance of breaking this channel upward and we may see Bitcoin at lower prices such as 25k 20k and if incase we loose these support levels then we may be witness of huge fall to 13k and 10k.
Remember guys these are just datas and informations that I analyse and post here, these are not buy or sell signals, so please use these informations and trade based on your own trading strategy.
Good luck.
Here is USDT.D or Tether Dominance’s rising channel which reached at the top of the channel and its reacting.
First what is USDT.D and how can it help us for trading cryptocurrency?
USDT.D shows the status of Tether availability in the cryptocurrency market where when it rises market will fall and when it falls market rises completely a vice-versa relationship.
Ok based on this, The question is will the channel break upward? And market will fall more further?
Well as you can see the history clearly it shows that this channel is too strong to be broken and it may get push the price downward and then the market will rise and Bitcoin will get bullish and this will cause Alt coins to explode upside.
However on the other hand the sell pressure is heavy this time! And there is chance of breaking this channel upward and we may see Bitcoin at lower prices such as 25k 20k and if incase we loose these support levels then we may be witness of huge fall to 13k and 10k.
Remember guys these are just datas and informations that I analyse and post here, these are not buy or sell signals, so please use these informations and trade based on your own trading strategy.
Good luck.
