I was looking at USDT dominance (1D time-frame), and just found interesting signals ๐
1. USDT.D has broken the green bullish trend-line and now is on a bearish move.
2. It is being rejected after it has reached the red trend-line as a dynamic resistance area .
3. The static resistance above is a strong long-term resistance area that is rejecting the USDT.D
What I personally conclude from these 3 signals, is that there is a high possibility that USDT.D will start a strong down-trend. And as the Bitcoin is on a strong support area as well, it can help the Bitcoin PUMP!
Feel free to let me know about your ideas or any questions you got in comment section.
1. USDT.D has broken the green bullish trend-line and now is on a bearish move.
2. It is being rejected after it has reached the red trend-line as a dynamic resistance area .
3. The static resistance above is a strong long-term resistance area that is rejecting the USDT.D
What I personally conclude from these 3 signals, is that there is a high possibility that USDT.D will start a strong down-trend. And as the Bitcoin is on a strong support area as well, it can help the Bitcoin PUMP!
Feel free to let me know about your ideas or any questions you got in comment section.
The bulls are getting weaker and weaker. When the yellow trend-line is broken, there is high chance for BTC to pump.
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This is another view in 1H time-frame