This is USDT on the weekly.. as you can see last June and July even before this is a big level of support for USDT DOM.. Wont be surprised for some more down side here for the crypto market. I know its easy to say now after it lost 111k but I just got home and wanted to look deeper into it. Play it level by level obviously.. fib by fib but don't be surprised to see some down side.. Also you're only down if you bough in the last 2 days and that being said don't buy something that ran up to ATH and think its time to buy.. you kinda deserve it.. but lets see what happens. I hope I'm wrong
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6 days later BTC went down 7k and tapped 103.6k.. now btc is sitting in the 618-69 golden pocket fib.. Looking like it wants to go lower looking at the USDT chart.. could be the first red week after 7 greeen beets for BTC . I am holding a short from 109.8 and a bigger money one from 106.5. Note
closed most of the short around 101.5.. left around 20% in both trades .. BTC hit 100.3k VWAP and rallied hard back to 105/106k.. closed my 106k trade. Now we have a war so well see.. still thinking this holds up.
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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.