USDT DOMINANCE: A BREAKOUT OR FAKE OUT?
USDT Dominance at present.
I don't know what you guys think about the USDT.D present chart but this little breakout looks scary. If the USDT starts to rally from this range then BTC and other altcoins are gonna dump pretty bad. Keep an eye on it and trade carefully. Until and unless the USDT.D breaks down, it will be a risky business to completely go long on altcoins. If the current or next candle bounces back then it will clearly be an exit sign for time being and we can plan for re-entry later. Let's hope that this will turn out to be a fake-out.
Do share your views regarding the market.
Thank you.
I don't know what you guys think about the USDT.D present chart but this little breakout looks scary. If the USDT starts to rally from this range then BTC and other altcoins are gonna dump pretty bad. Keep an eye on it and trade carefully. Until and unless the USDT.D breaks down, it will be a risky business to completely go long on altcoins. If the current or next candle bounces back then it will clearly be an exit sign for time being and we can plan for re-entry later. Let's hope that this will turn out to be a fake-out.
Do share your views regarding the market.
Thank you.
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