I was looking at USDT dominance (1D time-frame), and just found interesting signals 🌞
1. USDT.D has broken the green bullish trend-line and now is on a bearish move.
2. It is being rejected after it has reached the red trend-line as a dynamic resistance area .
3. The static resistance above is a strong long-term resistance area that is rejecting the USDT.D
What I personally conclude from these 3 signals, is that there is a high possibility that USDT.D will start a strong down-trend. And as the Bitcoin is on a strong support area as well, it can help the Bitcoin PUMP!
Feel free to let me know about your ideas or any questions you got in comment section.
Comment
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Time is running our for USDT. 12H. The bulls are getting weaker and weaker. When the yellow trend-line is broken, there is high chance for BTC to pump.
meanwhile... getting closer and closer to 200k BTC :)
TV_15min
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JK-lo
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'the end of usdT is...' what? LOL
cgminer997
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@JK-lo, Yep, I know, guy is trying to show up in trading world, and quess what: one day he will be right :)... so far with poor results tho... anyhow, watching his 'ta' is like watching good stand up comedy IMO
ArshiaZojaji
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@cgminer997, All of us have to try our best.. Shouldn't we? :)
cgminer997
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@ArshiaZojaji, keep trying... some day you'll hit target. Just simple the rule of probability will work even in your case :)
ArshiaZojaji
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@cgminer997, Sure thing mate, I'll do my best as always.. Cheers ;)