Tether Dominance Long-Term Analysis

We looked at this index on the short-term, ultra bearish yesterday we said.

Now, I would like to look again at Tether Dominance (USDT.D) but long-term.

Doubt can creep in anytime as the market can always turn...
We can be bullish today and tomorrow everything is red.

But things can go from red to green as well.

We see the Tether Dominance chart as bearish on the long-term... We will get into the details.

EMA10 is working as support on this weekly chart.
EMA10 is at 4.17%.

Last week we have a high wave candle after a lower high.
We also have a lower high long-term compared to June last year... This is very bad when it comes to TA.

I changed my mind... I don't want to go into details anymore.

This thing is bearish and if the inverse correction between BTCUSD and USDT.D continues, then Bitcoin is set to move higher as the Tether Dominance drops.

This is also a famous pattern:

I will do better next time.

Thanks a lot for the support.

Namaste.

Comment:

This is going perfectly... As USDT.D moves down, BTCUSD moves up.