BTCUSDT chart plus usdt Dominance chart analysis will bear win?
Hi traders
short-term btc probably will go to 57k as you can see in chart
but what about mid-term and long-term
bearish sings are more than bullish signs :
1- btc price couldn't close above of last ATH it couldn't even hold 64 for 1.5 days which means we had probably a fakeout
2- elliot's wave theory still warns for wave c
3- a huge wedge in tether dominance chart ( I explain it in comments)
short-term btc probably will go to 57k as you can see in chart
but what about mid-term and long-term
bearish sings are more than bullish signs :
1- btc price couldn't close above of last ATH it couldn't even hold 64 for 1.5 days which means we had probably a fakeout
2- elliot's wave theory still warns for wave c
3- a huge wedge in tether dominance chart ( I explain it in comments)
Comment:
usdt.D in bigger view :
Comment:
the biggest wedge in usdt.D
if this wedge breaks crypto market will have some problme :
if this wedge breaks crypto market will have some problme :
Trade closed: stop reached
broke out the wedge and had a pullback :