Cryptorphic

#STABLE DOMINANCE HITTING THE RESISTANCE! Whats's next?

CRYPTOCAP:USDT.D   Market Cap USDT Dominance, % (CALCULATED BY TRADINGVIEW)
Certainly hitting the resistance.
BTC needs to get above $32k . In case that doesn't happen, USDT Dominance is pointing towards lower levels in BTC .
So it's important to be careful here and staying in Stables is better than buying anything right now.
ALTS I won't touch right now and rather wait for confirmations.
Break and close above that orange trendline could lead to the real capitulation in throughout the crypto market.
Eventually a low lower than $26700, $20k to $21k? Well looking at the current situation that could happen.

So Let's watch closely that orange line.

Higher possibility:- Since, we have seen false breakouts in USDT Dominance since very long and it's already up 192%+ since the last 6 months, there's a possibility we can see a correction in this chart.
This will lead to the continuation in uptrend for BTC and altcoins. Key level is $38k in BTC .

These are my own observations and are not meant to be taken as financial advice.
Let me know your thoughts.

Thank you

#PEACE

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