Tether Dominance vs Bitcoin (Cryptocurrency Market Bullish Wave)

٥ يوليو ٢٠٢٢

Bitcoin is about to go high up if we reconsider the inverse correlation between USDT.D and BTCUSD... Let's read the chart.

According to the USDT.D index, Tether Dominance is about to have another leg down; a major drop on the EW ABC correction.

This drop can take USDT.D to 6.45% or lower at around 5.70%, this would equate to a price jump on Bitcoin to around $22 to 25K.

This is how it goes.

After this next leg down, we get the classic bounce and then additional drop. (USDT.D)
As for BTC, the inverse... We get this upsurge and after the initial resistance is hit a small retrace follows and then additional growth. (BTCUSD)

The cryptocurrency trading pairs can turn and stay green all the way to end of August, late September at most.

It will be a nice bullish wave...

I hope to see you around and have your support.

Namaste.