BTCUSDT chart plus usdt Dominance chart analysis will bear win?
Updated
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)
Note
usdt.D 1h chart broke out the wedge and had a pullback :
Note
usdt.D in bigger view : Note
the biggest wedge in usdt.Dif this wedge breaks crypto market will have some problme :
Trade closed: stop reached
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