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Welcome to this USDT DOMINANCE update. USDT.D looks bearish here.
As you know USDT Dominance is inversely proportional to the BTC and Alts. When USDT.D dumps the whole market (BTC and Alts) starts pumping.
According to the 4hr chart, USDT Dominance breaks down the triangle and now all we need is a successful retest. After the retest, we can expect more drop-in USDT Dominance.
When USDT Dominance retests we have a perfect chance to take lower entries in Altcoins. I'm waiting for a retest to long some Alts.
What do you think about this?
Do You think we get a retest from here or do you believe that this will be a takedown?
Share your thoughts in the comment section.
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Thank You!
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