GeorgeOnTV

Whats happening with USDT.D ?

Long
CRYPTOCAP:USDT.D   Market Cap USDT Dominance, %
We can see a clear and obvious correlation between USDT.D and Crypto Total Market Cap

As USDT.D increases its position within the cryptosphere we see a shrinking cryptosphere and vice versa as the cryptosphere expands USDT.D retracts

This is not a negative for USDT rather a positive

USDT market cap itself is positively impacted by USDT.D retracting as that means the crypto market is growing and should in turn lead to increase demand for their product and therefore their own market cap

USDT.D is getting close to breakout zone which can indicate two things

Firstly, a (possible) retraction in the cryptosphere. Secondly, a (possible) buying opportunity.

Want to lookout for an aggressive candle

You likely wont miss the move in the cryptosphere as an aggressive USDT.D candle likely has a more aggressive impact on any portfolio.. however with an eye on USDT.D can see if the aggressive move is one to buy or sell into. If an aggressive candle breaks out with USDT.D soon then it has a decent historical chance of being a prime buying opportunity even if the breakdown isnt to sub $15k

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