📈 Tether Dominance Bullish vs Bearish Potential

19 de dez. de 2022

The Tether Dominance Index (USDT.D) is now bullish as it continues trading above EMA10.

Let's look at the potential for a reversal; early bearish signals.

- Lower high mid-term. June vs November.
- Decreasing bullish volume. As USDT.D continues to move higher the weekly trading volume goes lower, giving us an early signal of weakness.
- RSI bearish divergence. Divergences tend to happen between tops and bottoms.

These are just early signals and the trend is still bullish but we are looking for a potential reversal.

Tether Dominance moves inverse to bitcoin.

- If USDT.D goes up, BTCUSD goes down.
- If USDT.D goes down, BTCUSD goes up.

That's why we track this index in search for confirmation/additional information to support what we see on the bitcoin and Altcoins charts.

Namaste.