USDT.D ATH! Flight to Dollars Continues
Today we look again at the USDT.D. This chart always has clues for where the money is going. Right now we are seeing all time highs in USDT.D! That is an environment where cryptos are trending downward. Let’s have a look:
So now the question remains, when do we go long? Well the 3D chart is a decent indicator of bounces. Right now we are overbought on the MACD and the Stochastic RSI, but we want to see an RSI bearish divergence form. We would settle for a double top! With the MACD, the crosses usually happen late, so we will just be monitoring this from a trend perspective. Falling histogram values for a bearish divergence would be a healthy sign of bull market continuation for crypto. We also have a huge gap to fill now. So we may see some extended upside to 7-8% of the total cryptocap, but we do expect to see this reverse and trade within the channel outlined. That is when we take our cash and start buying again.
Happy Trading!
So now the question remains, when do we go long? Well the 3D chart is a decent indicator of bounces. Right now we are overbought on the MACD and the Stochastic RSI, but we want to see an RSI bearish divergence form. We would settle for a double top! With the MACD, the crosses usually happen late, so we will just be monitoring this from a trend perspective. Falling histogram values for a bearish divergence would be a healthy sign of bull market continuation for crypto. We also have a huge gap to fill now. So we may see some extended upside to 7-8% of the total cryptocap, but we do expect to see this reverse and trade within the channel outlined. That is when we take our cash and start buying again.
Happy Trading!
