Trend Destroyer-USDT.D
The most honest chart in the market is not BTC/USD, but USDT.D.📊
After months of volatile consolidation, we have just witnessed a structure break.
⚠️ Breakthrough confirmed: USDT market share has strongly broken through the upper boundary of the descending wedge.
This chart is screaming: "Liquidity is drying up." If you ignore this signal, your account balance may pay the price.🧵
1/ This is a typical triangular convergence breakout.
The yellow support line below (Trend Line 1 & 3) is rock solid, triggering market crashes (funds flowing back to USDT) every time it's touched.
The pressure line above (Trend Line 2) was originally a bull market umbrella, but now the umbrella is broken. That candlestick with "!!!!" is the rallying call for bears.
2/ Historical experience tells us:
Whenever USDT.D starts an upward trend (Trend Up), it often corresponds to the "darkest hour" of the cryptocurrency circle.
Unless this is a fakeout, going long at this position is like picking up coins in front of a bulldozer. The risk-reward ratio is extremely poor.
3/ Whether you are a bull or a bear, respecting the trend is the only rule for survival.
I will closely monitor the weekly closing. If it holds, I will significantly reduce my risk asset positions. Of course, if this is a fake breakout and it quickly drops back, that will be a signal for the start of a super bull market. But until then, stay cautious.
Retweet this post to remind your friends. This is a macro perspective that many people overlook.🔄
