📈 Tether Dominance Chart Updated | USDT.D 7.08% = BTC $20.5K

8 Jan 2023

Now that we have a clear picture, now that the bearish bias is basically confirmed... Let's update the chart.

Tether Dominance will drop and we have targets at 0.5 Fib. retracement coinciding with MA200, a sure stop, followed by 0.618 Fib. retracement golden ratio coinciding with value area.

Now, how much would bitcoin grow if USDT.D falls to these levels?

Bitcoin is sitting right now at $16,950 and a drop by USDT.D to the first target of 7.53% would put bitcoin in the 18Ks.

The next target, the Fib. retracement golden ratio, sitting at 7.08% of Tether Dominance, would put bitcoin above 20K....

And that is only the beginning, we are looking at a long-term bearish wave for USDT.D based on the long-term lower high.

Which means that bitcoin can do much more... But we go step by step, this is only how things start.

Namaste.