USDT.D Holding Trendline Support To Bounce And BTC To Drop?
Another great clue in terms of market direction is the USDT.D (USDT Dominance) chart.
I predicted this drop to the lower end of this rising channel on USDT.T last week, and while it's unclear looking at the Bitcoin chart, it's more clear to me judging from this chart of USDT.D that we'll see a bounce here.
And due to the inverse relationship of BTC and USDT, that would coincide with another push lower on Bictoin and the Total Crypto Market Cap in the short term.
Our proprietary ERI (Early Reversal Indicator) -- Green Arrow -- Is also signaling a reversal here on the daily charts.
Will see how this plays out end of day and if the daily close holds here, but I am short term Bearish on Bitcoin.
I predicted this drop to the lower end of this rising channel on USDT.T last week, and while it's unclear looking at the Bitcoin chart, it's more clear to me judging from this chart of USDT.D that we'll see a bounce here.
And due to the inverse relationship of BTC and USDT, that would coincide with another push lower on Bictoin and the Total Crypto Market Cap in the short term.
Our proprietary ERI (Early Reversal Indicator) -- Green Arrow -- Is also signaling a reversal here on the daily charts.
Will see how this plays out end of day and if the daily close holds here, but I am short term Bearish on Bitcoin.
25-year investor & trader, bought 1st BTC at $20
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstream.io/work-with-me
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstream.io/work-with-me
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