Market Cap USDT Dominance, %Длинная
Bear Flag(BTC) Vs USDT dominance
LLast two TA’s I covered the USDT dominance chart and a bear flag pattern for Bitcoin but to truly get a better picture on how accurate USDT is at confirming moves here you have them side by side.
What's the difference between this bear flag and the last two? There is one major clue we have that this flag "could" be different and that is USDT dominance , last two bitcoin breakdowns saw the USDT chart on a uptrend with clear breakout triangles which happen to be major pivot moments in these bitcoin bear flags ,so as it stands for this bear flag we have USDT on a downtrend and it has broken its ascending channel which increases the probability that this flag will not play out dramatically.
We are still not 100% in the clear for this bear flag , bitcoin needs to break and close above the flag which is around 22.8k .
Last two TA's
What's the difference between this bear flag and the last two? There is one major clue we have that this flag "could" be different and that is USDT dominance , last two bitcoin breakdowns saw the USDT chart on a uptrend with clear breakout triangles which happen to be major pivot moments in these bitcoin bear flags ,so as it stands for this bear flag we have USDT on a downtrend and it has broken its ascending channel which increases the probability that this flag will not play out dramatically.
We are still not 100% in the clear for this bear flag , bitcoin needs to break and close above the flag which is around 22.8k .
Last two TA's
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