#USDT Dominance giving us a hint for the next move...

16 apr 2022

Welcome to this short update on USDT Dominance.

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Let's get to the chart!
USDT Dominance broke below the triangular pattern in this 30 minutes chart.
In case it breaks and closes above the 4.56% level in this chart expect the whole market to god won for the next couple of days and BTC could reach the lower 37k level to print the lower low in LTF.
In case we get a rejection from here, expect BTC to rally towards 45k soon.
So there's nothing to predict here, we need to be vigilant as well as keep an eye on the charts.
Rejection at this point will tell us how the next week could be.
Sunday close will be important keep an eye on that.

Conclusion:- USDT Dominance is at the decisive point. Taking any long or short positions is risky.
With confirmation, Long on Rejection, and Short on the breakout, That's the plan

DYOR, before taking any trade. Always try to learn rather than blindly follow anyone's idea.
Keep an eye on the market


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