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Currently, USDT.D (USDT Dominance) is dictating the crypto markets and it is approaching a key level of support.
USDT.D is currently approaching the 4% level which has been a historical level of resistance. Similar to the DXY, when USDT.D goes down, crypto goes up. So if USDT.D falls through 4%, BTC and altcoins will do well. If USDT.D is rejected off 4% and starts increasing again, then look for a major dump.
Stay nimble...either look to enter/add to trades or exit and book some profits depending on what USDT.D does around the 4% level.
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Namaste 🙏
Currently, USDT.D (USDT Dominance) is dictating the crypto markets and it is approaching a key level of support.
USDT.D is currently approaching the 4% level which has been a historical level of resistance. Similar to the DXY, when USDT.D goes down, crypto goes up. So if USDT.D falls through 4%, BTC and altcoins will do well. If USDT.D is rejected off 4% and starts increasing again, then look for a major dump.
Stay nimble...either look to enter/add to trades or exit and book some profits depending on what USDT.D does around the 4% level.
⭐ If you liked this content, please consider subscribing and giving it a Thumbs Up 👍. If you have any feedback or suggestions, please leave a comment below as I answer each comment.
Namaste 🙏
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.