USDT dominance has almost reached the very important support zone of 4.72% and given its recent channelized behavior, it is safe to assume that USDT.D is probably going to have a good upward reaction which means market is probably going to dump.
Different tools and confluences including mid-term channel, price/volume divergence and also fibonacci tools suggest that the 76,000 - 77,000 zone is the local top for a while. In fact it is probably difficult for BTC to push through this zone as there are multiple resistances in this zone.
BTC followed analysis nicely and had a rather sharp drop towards lower levels in order to fill the gap in the 67,400 - 68,000 zone. Today's pump in BTC and the market is the reaction to gap area which acts as a support zone.
Gold is consolidating in a descending triangle pattern at the moment.We shall see a breakout within the next several hours. Strong 1H close above the blue trendline shall lead Gold to higher levels whereas strong 1H close below the 2,731.70 level shall take it towards 2,700 zone. Trader shall wait until the breakout occurs before opening any position.
BTC reached ATH and faced a strong rejection in the ATH supply zone. BTC's correction since March has become the most sophisticated one in the entire history of Bitcoin! So it's indeed difficult to predict moves in longer timeframes but if the chart's daily bearish divergence works, we'll probably see BTC heading for 62,000 zone within the next couple of weeks .
There's a gap in 67,400 - 68,070 zone which is probably going to be filled specially given the fact that yesterday's drop was a bit too strong. Gap filling is more possible as long as price is below 72,200 zone and the dotted trendline on the chart.
Following previous analysis, BTC dominance crossed above the long term descending trendline and the Oct candle closes at 60% in 3 hours indicating that BTC.D is possibly heading for 66% zone as its target. As long as BTC.D keeps rising, we can't expect an altseason.
Following previous analysis, TOTAL2 dumped and moved towards the lower trendline. Although the trendline got broken, 12H candles closed on the trendline so the mentioned trendline is still valid but 4H analysis suggests that TOTAL2 is probably gonna cross below it. TOTAL2 is facing the combined resistance of blue descending trendline and 0.618 Fib ret. of the...
USDT dominance is really close to its recent ascending trendline (blue) and an upward reaction is very likely during Monday and Tuesday. A rise in USDT.D means a dump in the market, so Sell/Short strategy is advised.
Just as anticipated, BTC CME chart almost reached 69,600 level and then dumped right away and filled the gap in the 66,640 - 66,800 area. looking at 8H timeframe, a bearish structure is visible, so market will probably continue to dump to lower levels
A gap is already visible on the chart in the 66,640 - 66,860 area and can be expected to be filled within the next few days from one of the indicated areas: either 69,600 level or the 70,960 - 71,600 zone. Since the gap is also visible on the 4H timeframe, it's considered an important gap.
It's clear that TOTAL2 faced resistance in 980B level so the dump in most altcoins is no surprise. Analysis suggests that TOTAL2 is heading for the lower trendline but if the trendline gets broken, intense sell pressure will probably appear in the market and coins will dump more. If the trendline holds well, it's possible to see some nice pump in the entire...
Having reached 69,000 zone, BTC started to dump right after the weekend. After some -4% drop, BTC reached the demand zone of 66,700 and recovered some of the drop but considering the bearish signs on the chart, BTC is expected to cross below the mentioned support zone and touch areas such as 65,000 and 62,000 zones!
In the previous analysis it was stated that 2,700$ could be a local top for Gold before heading for a correction. In fact the highest high for Gold was 2,685.64$ before dropping to 2,604.3$ where it touched the ascending dashed trendline. Technical and Geopolitical factors pushed Gold to higher levels once again. Having set a new ATH, Gold is probably making its...
#Total has been rising for the past 7-8 days and has managed to hit 2.3T area. Since there are multiple resistances present in the mentioned area, it's possible to see some dump in TOTAL. The trigger for the drop is the breaking of the blue ascending trendline. If the dump is confirmed, TOTAL can drop to 2.13T - 2.16T zone.
So far so good! #USDT dominance has managed to hold above 5.21% level and has crossed above its descending trendline according to yesterday's analysis. it seems USDT.D is heading for 5.46% as the first target so it's safe to assume that BTC and other coins will probably dump some more.
While BTC has touched levels above 66,500 (not a solid daily close yet), USDT dominance has not yet broken below the 5.21% level and some bullish signs are visible. Since the chart has reached a time element in 1H timeframe and will reach the 4H time element by Friday, we might see some upward reaction in USDT.D meaning that there will probably be some dump in the...
In the previous analysis we were expecting #USDT dominance to reach 5.99% level and above. But after hitting 5.92% level, it has been dropping. Crucial moments are drawing near as 5.21% - 5.31% support zone is indeed the decisive zone for the entire market. A daily close below the mentioned zone shall result in a heavy pump in the market. (given the fact that it...