📈 Tether Dominance Monthly, First Time Ever! (4.10% Next)

19 мар. 2023 г.

This is the first time ever we look at Tether Dominance on the monthly timeframe.

This is extreme bearishness what I am seeing here.

Let's start at the end, the stage is set for a drop to 4.10% minimum, that's the conclusion.

I mentioned that this would translate to Bitcoin at around ~$40,000.
Notice the "~" symbol, which means more or less as it should range between $38,000 and $42,000 when the time comes, which is soon.

USDT.D already printed an upper wick and trading near the low of the current session/candle.

The current candle trades below EMA10 on a very, very strong bearish bias.

✔️We have a massive rising wedge that already broke bearish.
✔️We have lower highs long-term (more than 6 months).
✔️And volume going lower and lower.

The volume will only increase again when the major drop comes.

As USDT.D goes down, Bitcoin and the Altcoins goes up.

✔️ Please make sure to Boost to help with your support.

Thank you for reading.

Namaste.