Hello guys,
Since USDT dominance reached to an important support zone of 5%, looks like Bitcoin is in topping process only if USDT holds this support zone and makes some kind of bullish Divergences. For short term looks like UDST dominance bounces back from support zone, so Bitcoin can correct from 52k to 53k zone.
Case1: If USDT.D holds 5% zone n forms Bullish Divergences, than Bitcoin can still make higher highs, tops inbetween 50k to 58K something.
Case2: If USDT.D keeps falling Bitcoin can go to new all time highs.
Case3: Or if USDT.D keeps making higher highs and Higher Lows below the current parallel Trend same like the previous Parallel Trend as in the chart, than Bitcoin can be in a slow upTrend Formation with higher highs and higher Lows. something like from 2015 to 2018.
Not a financial advice though.
thank you.
Since USDT dominance reached to an important support zone of 5%, looks like Bitcoin is in topping process only if USDT holds this support zone and makes some kind of bullish Divergences. For short term looks like UDST dominance bounces back from support zone, so Bitcoin can correct from 52k to 53k zone.
Case1: If USDT.D holds 5% zone n forms Bullish Divergences, than Bitcoin can still make higher highs, tops inbetween 50k to 58K something.
Case2: If USDT.D keeps falling Bitcoin can go to new all time highs.
Case3: Or if USDT.D keeps making higher highs and Higher Lows below the current parallel Trend same like the previous Parallel Trend as in the chart, than Bitcoin can be in a slow upTrend Formation with higher highs and higher Lows. something like from 2015 to 2018.
Not a financial advice though.
thank you.