Many people are only looking at the price of #BTC and its dominance, but they are forgetting a key factor in this whole board. The USDT.D is something you want to look at if you are trying to understand where the Altcoins will be heading.
It is evident that with all this chaos in the Middle East, small and novice investors quickly rushed to USDT, causing us to go higher than we really should have here, but we are already below the orange range on the chart, which is where it matters to us.
Today we are again testing this red range on the chart around 4.70%, it is here where we MUST necessarily break and go to the green range around 4.48% for us to see a significant improvement in Altcoins.
The EMA 50 (1D) is still supporting this, but it will soon lose strength and will be broken.
We were doing very well here, but speculations that we could restart the conflict in the Middle East have already begun to plague the Markets again.
We do not have the option of not breaking the red range; we must do this for a recovery of altcoins, so that is what I hope we do still this week.
It is still good!