BTC vs USDT.D - Who Follows Who? 👀

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

I always keep an eye on USDT.D to feel the overall crypto market.

📚 And today I wanted to show the correlation between BTC and USDT.D

- Last week, BTC broke above the last major high in orange and blue 19k resistance, while USDT.D broke the last major low and 8% support.

- BTC is currently sitting around a strong resistance zone in green 22,000 while USDT.D around a support zone 7%

- For the bulls to remain in control for BTC, we need a break above 22,000, which would be USDT.D breaking below 6.8%

Meanwhile, a rejection would be expected.

And so on... the picture is self-explanatory.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich