Market Cap USDT Dominance, %Telah dikemas kini USDT DOMINANCE SPIKE: RELIEF RALLY SOON FOR ALTS/BTC?
USDT Dominance measures USDT market cap against all other coins. While not as potent as BTCD or TOTAL2, it can be a helpful indicator to know what traders are doing, as many of them use USDT over fiat.
Obviously, when BTC sells off, USDTD spikes. Based on a little TA, we might expect a relief rally for the market soon. USDT is basically at resistance, but it did put in a slightly higher high. Recent volume is decreasing, signaling a reduction in selling pressure.
RSI is nearly at Overbought levels (which would be considered oversold for the rest of the market)
Just remember - When you think BTC can't go any lower... it always can.
Happy trades,
CD
Obviously, when BTC sells off, USDTD spikes. Based on a little TA, we might expect a relief rally for the market soon. USDT is basically at resistance, but it did put in a slightly higher high. Recent volume is decreasing, signaling a reduction in selling pressure.
RSI is nearly at Overbought levels (which would be considered oversold for the rest of the market)
Just remember - When you think BTC can't go any lower... it always can.
Happy trades,
CD
Nota
This played out exactly as I predicted
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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.