AlanSantana

People Are Starting To Lose Patience...

Short
CRYPTOCAP:USDT.D   Market Cap USDT Dominance, %
Next to getting rid of your losers and riding for as long as possible the winners, patience is one of the most imporatnt virtues you can have when it comes to cryptocurrency trading.

Patience is truly the key to win.

When USDT.D was oversold on the RSI, it went up.
As USDT.D gets to overbought, it is very likely to drop.

The immediate resistance on this index is set at 7.51% followed by 7.85%.

The 7.51% is the main one for us and we are bearish here.
If this level fails there is still more resistance overhead.

USDT.D and BTCUSD have an inverse correlation and that is why we track this index everyday.

It can be used for confirmation.

If you see a bullish BTC, you can confirm your bias if you also see a bearish USDT.D.

A bullish SPX supports any bullish signals found on BTCUSD, etc.

There are many different altcoins, indexes, pairs, charts that can be used in this manner, for comparison purposes.

Thanks a lot for the continued support.

Namaste.

🔝 100,000+ Altcoins & Bitcoin Charts!
t.me/alansantana1111

🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com

➖ If you now enjoy the content, please consider support below...
👉 lamatrades.com (Since 2017)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.