USDT Dominance Update: Didn't quite expect this move to be honest. I was only half right.4.65% acted as a strong support.
Bulls are losing steam, bears are stepping in, but there's a catch:
USDT Dominance is now testing a key trendline resistance after multiple clean rejections in the past.
This bounce from the 4.55% zone came with momentum, but unless we see a clear breakout above 4.98%, there's still a chance we can get some relief in BTC and Alts after forming a double/triple bottom in LTFs.
If that happens, watch 4.51%, a breakdown here might trigger the altseason spark and fuel BTC's next big run, till then, stay cautious.
You've been warned!
Decision time is near.
Please hit that like button and share. Your views in the comments.
Thank you
#PEACE
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Daily Signals:- telegram.me/thecryptorphic
Best Exchange BITUNIX: bit.ly/JoinCryptorphic
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Best Exchange BITUNIX: bit.ly/JoinCryptorphic
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
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.