Hello to the large community of traders,
As you know, Tether dominance has an inverse relationship with Bitcoin dominance. If there is a drop in bitcoin, traders will convert their bitcoins to stable coins.
Since Tether has the largest market cap, its dominance analysis is very important.
Technically, the chart is in a downward trend as more money is circulating on other coins.
The chart should test its previous high (range 2.85 to 2.90) Testing this range will cause the candlesticks to exit the downtrend and triangle.
If the high price of this triangle stabilizes, be sure to pay special attention to the bitcoin chart.
Note that to be successful in the crypto market, you must have multiple analyzes on different charts.
**This is not an investment advice. Your capital might be at risk.**
You can support me by donating coins.
Good Luck...
As you know, Tether dominance has an inverse relationship with Bitcoin dominance. If there is a drop in bitcoin, traders will convert their bitcoins to stable coins.
Since Tether has the largest market cap, its dominance analysis is very important.
Technically, the chart is in a downward trend as more money is circulating on other coins.
The chart should test its previous high (range 2.85 to 2.90) Testing this range will cause the candlesticks to exit the downtrend and triangle.
If the high price of this triangle stabilizes, be sure to pay special attention to the bitcoin chart.
Note that to be successful in the crypto market, you must have multiple analyzes on different charts.
**This is not an investment advice. Your capital might be at risk.**
You can support me by donating coins.
Good Luck...