Looking at tether dominance - it's losing dominance which means other cryptos, whether it be BTC or ALTS, are going to see a rise in value. It doesn't necessarily mean USDT is flowing into those cryptos, but it means that other cryptos are rising in dominance.
Technically speaking, spot positions in alts are your best bet. Watch BTC dominance (hint - it's rising, too), however I think alts may be about to pop soon if BTC can stay above $18k.
USDT dominance will find some resistance later this year around 4.6% but breaking the lower trendline that has existed from the beginning of the tether dominance chart would be insanely bullish for crypto. It's a long time before that kicks in.
Technically speaking, spot positions in alts are your best bet. Watch BTC dominance (hint - it's rising, too), however I think alts may be about to pop soon if BTC can stay above $18k.
USDT dominance will find some resistance later this year around 4.6% but breaking the lower trendline that has existed from the beginning of the tether dominance chart would be insanely bullish for crypto. It's a long time before that kicks in.
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You're probably afraid to push that play button - I'll help you, USDT dominance has decreased about 1% since posting this only 4 days ago.
CE - BitDoctor
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CE - BitDoctor
Access our private indicators and join our Premium Room: bitdoctor.org
Beware of scams - I'll never DM you asking for funds.
Access our private indicators and join our Premium Room: bitdoctor.org
Beware of scams - I'll never DM you asking for funds.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.