Greetings,
USDT.D
is an extremely important ticker on TradingView. Tether plays an important role in the cryptocurrency markets and shows whether the market is in a stable position.
USDT.D
is the ratio between the market capitalization of USDT to the total market cap of the entire cryptocurrency market. The majority of traders focus on
BTC.D
, both dominance charts are useful.
As
USDT.D
rises (close to the 5% region), people are selling their cryptocurrencies for the stablecoin (USDT), so prices of digital assets such as Bitcoin and altcoins fall due to the low demand.
You can see where i've drawn in my "danger zone" - always keeping a close eye on these levels.
BTC.D
- This chart below shows key levels of support and resistance for Bitcoin Dominance.
USDT.D
is an extremely important ticker on TradingView. Tether plays an important role in the cryptocurrency markets and shows whether the market is in a stable position.
USDT.D
is the ratio between the market capitalization of USDT to the total market cap of the entire cryptocurrency market. The majority of traders focus on
BTC.D
, both dominance charts are useful. As
USDT.D
rises (close to the 5% region), people are selling their cryptocurrencies for the stablecoin (USDT), so prices of digital assets such as Bitcoin and altcoins fall due to the low demand. You can see where i've drawn in my "danger zone" - always keeping a close eye on these levels.
BTC.D
- This chart below shows key levels of support and resistance for Bitcoin Dominance.
