Tether Dominance Complete Breakdown | Crypto Will Safe The Day!

5 de dez. de 2022

There is still doubt as to wether Bitcoin will continue growing or not and thats understandable... The Feds, the bear market, the war, the FTX scam, etc. all weight in on peoples mind but the charts are starting to give a clear message.

We have once more the Tether Dominance (USDT.D) chart, which moves inverse to Bitcoin.

Today EMA50 continues to be challenged as support and we see a break below it for the first time since late October.

I mention EMA50 because it is used by us to guage a chart/pair/asset mid-term potential.

USDT.D is looking bearish based on all chart signals and candlestick patterns.
A strong bearish signal is the lower high this November compared to June.

Even while Bitcoin went to print a lower low, November vs June, Tether Dominance ended in a lower high, not matching its inverse relation and sending out a strong bearish signal.

It is possible that Bitcoin can detach from the stock market, it is possible.
It is possible that Bitcoin can grow while the entire world burns, it is possible.

Just think of March 2020 when Covid entered in full force.
Instead of Bitcoin going down it bottomed and then started to grow for more than a year really strong.

We can see something similar with cryptocurrency next year as the world markets burn.

The worst time ever in a lifetime can come and cryptocurrency stay around to safe the day.

This is just a possibility but it happened with Covid and it can surely happen again.

Namaste.