USDT.D - More Cash to be Deployed?Market Cap USDT Dominance, %CRYPTOCAP:USDT.DVIAQUANTTether dominance is the most important chart to be watching for what happens next with crypto. I am going to lay out both the bullish and bearish scenario, as USDT.D is currently forming the perfect market structure for a violent move in either direction. In this idea I will start by focusing on the bearish scenario for USDT dominance, which would actually be extremely bullish for the crypto market as a whole. To begin, review my last idea on USDT.D: In that idea I was predicting profit taking would begin and the uptrend for crypto would start to stall. That is exactly what happened. However, now that more market structure has built, it may not be as simple as it first appeared. I was expecting daily candles to start closing above the parallel channel and use it as support. Instead, they have been closing below the top of the channel. Why This Matters This is crucial to understand, as it currently represents a reclaim of the channel rather than a retest of the breakout. This could signal that more cash (USDT) is about to be deployed back into the market, pushing cryptocurrencies across the board to the upside and pushing USDT.D back toward the heartline, or even the lower band of the parallel channel. Depending on when this occurs, that could put USDT.D dominance around 6.45%, or even around 5.9% if dominance were to reach the bottom of the channel once again. That much cash being injected back into the market would help fulfill the scenario I outlined for BTC here: Also be watching the daily RSI. USDT.D is currently still in oversold conditions and trying to bounce off the 30 level to the downside. If USDT.D is rejected from this 30 level if will lead Tether dominance strongly to the downside and USDT will start being deployed rapidly back into the crypto market. A Word of Caution It is still too early to say for certain, as there is a bullish pattern for USDT that could also play out on the weekly timeframe, which I will be outlining in a follow up idea. For now, the current structure makes this the most likely scenario to play out. However, if you see USDT.D start closing multiple daily candles back above the parallel channel, this idea is negated, and the bullish scenario I am about to lay out next would be the one in play instead.