BTC Incoming Reversal Based on USDT Dominance
This massive trend line on USDT dominance coming all the way from 2018 has been a key metric for identifying major
BTCUSD
reversals into downtrends. Historically, when the
USDT.D
bounced on that trend line, we saw significant downtrends start to form.
The current level required by
USDT.D
to hit the trend line is between 3.65% and 3.85%. Currently, we are at 4% and moving to target slowly.
Will this time be different and we break the trend?
BTCUSD
reversals into downtrends. Historically, when the
USDT.D
bounced on that trend line, we saw significant downtrends start to form. The current level required by
USDT.D
to hit the trend line is between 3.65% and 3.85%. Currently, we are at 4% and moving to target slowly. Will this time be different and we break the trend?