USDT Dominance is grinding up slowly with significant volume and is currently trading above the daily ema200
If it can stay above 5.20% level, we may see further upward movement toward 6.20% as the first level of resistance
If the momentum sustained, I won't be surprised if will going to hit 7.50% to 8%
We know that USDT.D is inversely correlated with Bitcoin. If this would be the case, we can expect BTC trading 40k region.
If it can stay above 5.20% level, we may see further upward movement toward 6.20% as the first level of resistance
If the momentum sustained, I won't be surprised if will going to hit 7.50% to 8%
We know that USDT.D is inversely correlated with Bitcoin. If this would be the case, we can expect BTC trading 40k region.
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Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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.