- follow up analysis on USDT D. chart I posted yesterday
- the two have an inverse correlation so if USDT D. is making new all time lows, Bitcoin is making new ATHs and vice-versa
- with USDT D. threatening a range breakout it therefore makes sense to watch for signs of weakness with Bitcoin itself
- yesterday´s rejection happened right at the 0.618, making a lower high
- furthermore a clean S/R flip (red) occured alongside a textbook rejection of the 50 level on the RSI
- if range low is broken, the likely path for the king then is filling the CME gap that is roughly at the 78k area
- the two have an inverse correlation so if USDT D. is making new all time lows, Bitcoin is making new ATHs and vice-versa
- with USDT D. threatening a range breakout it therefore makes sense to watch for signs of weakness with Bitcoin itself
- yesterday´s rejection happened right at the 0.618, making a lower high
- furthermore a clean S/R flip (red) occured alongside a textbook rejection of the 50 level on the RSI
- if range low is broken, the likely path for the king then is filling the CME gap that is roughly at the 78k area
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USDT D. looking like a breakout
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