checkout related idea downbelow to understand how usdt.d helps to predict the market . usdt.d up btc down . usdt.d down btc up . as you can see usdt.d lost a weekly support and bullish trendline . it may play in that range for awhile . usdt.d fall benefits the market . shows that investors convertion them usdt to bitcoin and other cryptos . next level shown un...
Chart is pretty self explanatory. Notice the bearish cross on Stoch RSI, indicating we should see a short term pullback & some relief for BTC/Alts.
However, If USDT.D continues it's reversal by breaking out from the current descending channel, BTC/Alts will continue to bleed.
If USDT.D continues to trend downward, expect upside for crypto to resume.