📈 USDC Dominance | Additional Confirmation

This one is more revealing than the Tether Dominance chart.

Here we can see USDC.D trading below the 0.5 Fib. retracement level which is now a resistance and also 5-Nov-2022 low which worked as support last year and lead to a bullish wave.

Losing this support indicates that the bears are weak, have no hope of winning this battle and so Cryptocurrency, Bitcoin and the Altcoins, are set to continue growing.

Here instead of a bear flag what see is the candles digging lower and lower, slowly.

The inverse of a slow and steady growth, slow and steady decline which is a signal of bearish strength and bearish accumulation.

All positive news for our beloved Bitcoin and the Altcoins.

Oh wait, a reversal can surely happen but strong resistance lays ahead. So a bounce on the index would be temporary based on the current chart.

Namaste.