USDT DOMINANCE READY TO FALL! BULLISH FOR BTC AND ALTS!!
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Welcome to this USDT Dominance update.
USDT Dominance is looking in favor of BTC now. Currently, it is breaking down from the triangle pattern in 4hr time frame and now retesting the triangle. After this successful retest, we can expect a good drop-in USDT Dominance. As you know USDT Dominance is inversely proportional to the BTC, so we might see a good rally in BTC and Alts in the month of July.
If this pattern plays out successfully then we see 26k-28k for BTC on board in the month of July.
Invalidation Level:- If USDT Dominnac breaks above the triangle (8.0 level) then this bearish pattern will be invalidated and we might see a new low in BTC.
What do you think about this?
Do you think that we might see a bullish rally in July month or do you think that we see a new low this month?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this USDT Dominance update.
USDT Dominance is looking in favor of BTC now. Currently, it is breaking down from the triangle pattern in 4hr time frame and now retesting the triangle. After this successful retest, we can expect a good drop-in USDT Dominance. As you know USDT Dominance is inversely proportional to the BTC, so we might see a good rally in BTC and Alts in the month of July.
If this pattern plays out successfully then we see 26k-28k for BTC on board in the month of July.
Invalidation Level:- If USDT Dominnac breaks above the triangle (8.0 level) then this bearish pattern will be invalidated and we might see a new low in BTC.
What do you think about this?
Do you think that we might see a bullish rally in July month or do you think that we see a new low this month?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
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