I'm Bearish on Crytpo until USDT.D Gives a bearish retest of 7.17 level.
USDT.D
TOTAL
Will also be looking at Total Crypto market cap for confluence on this idea

Watching these Fib Levels as resistance
If we get a bearish breakout of this cup and handle, it's not uncommon to get a small consolidation before the pattern then see it breakout and over through the handle.
Looking for bounces around and above 7.17
If USDT.D gets down to 7.17:
If USDT.D does breakout bullish: Look for some extremely bearish news to come with it.
I could see this going as high as 11%
Leave a comment if anything if you have any questions about this idea.
Merry Christmas Traders
Will also be looking at Total Crypto market cap for confluence on this idea
Watching these Fib Levels as resistance
If we get a bearish breakout of this cup and handle, it's not uncommon to get a small consolidation before the pattern then see it breakout and over through the handle.
Looking for bounces around and above 7.17
If USDT.D gets down to 7.17:
- scan charts for RSI overbought and close to local highs(lower highs from dominant trend) for entries for shorts going into 2023
- If Charts are giving Bullish Retest on support, could be a sign to go long.
If USDT.D does breakout bullish: Look for some extremely bearish news to come with it.
- looking for a retest of the cup and handle to confirm more downside for the market.
I could see this going as high as 11%
Leave a comment if anything if you have any questions about this idea.
Merry Christmas Traders
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.