Cryptorphic

#USDT Dominance signalling a Buy Signal, EXIT ALTCOINS OR WAIT?

CRYPTOCAP:USDT.D   Market Cap USDT Dominance, %
Tether Dominance Analysis:

☑️ A slight rejection is visible; historically, rejection leads to continuation, while a breakout triggers an exit from the market.

☑️ G-Trend has already triggered a buy signal, implying a shift to selling altcoins for USDT.

☑️ For confirmation, altcoins might dip a bit more.

☑️ The blue trendline and the 6% level are crucial points to observe.

I exited 40% of my altcoins which had vertical moves on the 4th Jan right before the bleeding started.
I have plans to buy back lower but not unless I see some confirmation!

Do hit the like button if you like my updates and share your views in the comment section.
If you do, I will let you know when the sentiment changes!

#PEACE

Free Telegram Daily Futures signals:- telegram.me/thecryptorphic

Join My ELITE CLUB:- bit.ly/Join_elite
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.