USDT.D BREAKS OUT! BEARISH FOR BTC AND ALTS!!
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Welcome to this USDT Dominance update.
USDT Dominance looks bullish here. It is already breaking out from the falling wedge pattern and currently retesting the wedge. After this successful retest, we can expect a bounce in dominance.
As you know when USDT Dominance pumps then BTC and other Alts start dumping. So keep your stop losses tight if you open any long position.
Invalidation level:- If it breaks below the wedge (6.86 level) then this bullish scenario becomes invalidated.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this USDT Dominance update.
USDT Dominance looks bullish here. It is already breaking out from the falling wedge pattern and currently retesting the wedge. After this successful retest, we can expect a bounce in dominance.
As you know when USDT Dominance pumps then BTC and other Alts start dumping. So keep your stop losses tight if you open any long position.
Invalidation level:- If it breaks below the wedge (6.86 level) then this bullish scenario becomes invalidated.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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