Tether Dominance Going Down, Bitcoin Going Up! Short
Market Cap USDT Dominance, %CRYPTOCAP
Description
⋅ I just shared a trade idea for Bitcoin mentioning a "relief rally"... !
Here we can see USDT.D closing below EMA10 after an inverse cup pattern.
This signals lower prices.
With BTCUSD and USDT.D having an inverse correlation, we can see BTC's price rise while a drop happens in USDT.
I am keeping it simple for now...
I will go into more details later on.
Welcome back!
Thanks a lot for reading and for your continued support.
Namaste.