I'll keep it very short. USDT Dominance is at important support. Break below this rising channel and the whole market will pump. It already got a rejection by the trendline resistance. The reason you are seeing some green in the market is those two red candles on daily.
So we will wait for the break below that rising channel.
Invalidation:- Break and close above the pattern.
Let me know your thoughts. Hit the like button and share your views in the comment section.
Agree 100%, all movement starts here first, then S&P500, then BTC... Only wish someone explicitly explained this to me like 5 years ago...
shadyvision
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So are we doomed now??
GodVault
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Well spotted there mate, but just a thought, that the engulfing pattern hidden on the 25th and 26th are stating that it still will go bullish for USDT. The RSI is still neutral, so, the probability to grow a bit slightly is still feasible. Nevertheless, the 1W/1M BTC timeframes are dangerously stating a fall. Unless we see another artificial push, but this one must be really big to invert the table.