Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
My previous USDT dominance chart has been invalidated. now USDT dominance got rejected from this 4.71% resistance level but we have 50 ma as local support let's surprise can break the ma or not.
First scenario: If USDT DOMINANCE breaks this local support with confirmation then we can expect a drop up to a 4.50% level.
Second scenario: If USDT dominance got bounced from the local support then we expect a high up to the upper resistance of this big triangle pattern.
What's your thought on this? Do hit the like button if you like this update and share your views in the comment section
評論
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It is going as my second scenario it has closed the 4 hours candle downside the 50 ma.
評論
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BTC/USDT UPDATE
評論
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BTC has bounced as expected. but it still does not break the $39.5 - 40.5k level. It needs to break the level to remain bullish. Let's wait and see how the 4-hour candle closes.