In this video, I revist the USDT.D study I've talked about a few times before showing that when Tether Dominance comes down to this multi-year trendline support (since 2018), that's typically the beginning of a correction.
It's inversely related for obvious reasons. Money flowing out of Bitcoin and crypto flows into stablecoins (Like Tether), so when one is up and peaking, the other is down and correcting.
This video shows the relationship between both, and how we are likely setting up for a near term correction in the coming weeks.
My best guess is we continue to rally hard into early to mid-August, potentially getting close to $150k, followed by a 20-25% correction into September.
The BIG question is...
Will that mark the top, or will get a 2nd (and maybe 3rd) pump to $200k - $245k as my other models have been showing.
Let me know what you think!
It's inversely related for obvious reasons. Money flowing out of Bitcoin and crypto flows into stablecoins (Like Tether), so when one is up and peaking, the other is down and correcting.
This video shows the relationship between both, and how we are likely setting up for a near term correction in the coming weeks.
My best guess is we continue to rally hard into early to mid-August, potentially getting close to $150k, followed by a 20-25% correction into September.
The BIG question is...
Will that mark the top, or will get a 2nd (and maybe 3rd) pump to $200k - $245k as my other models have been showing.
Let me know what you think!
25-year investor & trader, bought 1st BTC at $20
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstreamcoaching.com
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstreamcoaching.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
25-year investor & trader, bought 1st BTC at $20
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstreamcoaching.com
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstreamcoaching.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.