Updated

USDT DOMINANCE new update (4H)

This analysis is an update of the analysis you see in the "Related publications" section

First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT .

We have reached the red-marked area from the previous analysis, but the bullish momentum of the candles is strong.

In previous analyses, we considered the triangle as a contracting triangle, but it is possible that Tether dominance is forming an expanding triangle or even a diametric pattern.

We have two zones for the completion of wave e.

If the price breaks through supply zone 1, it will be rejected from supply zone 2.

For risk management, please don't forget stop loss and capital management
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We have repeatedly announced to be prepared for USDT dominance reaching supply 2.

This is a strong resistance zone, which we expect to reject the candles downward.

Let’s wait and see what happens.

Note

Finally, it reached Supply 2 and was quickly rejected downward by more than 6%.

In this update, we simplified the chart a bit.

We have outlined our expected fluctuations with yellow lines.

The market is in complex corrections. We will follow it step by step. Let’s see what happens.

Note

After hitting Supply 2, it went straight to hell! But watch out for the 4.05 - 3.95 zone; it's a support area!

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Related publications

USDT DOMINANCE NEW UPDATE (4H)

by behdark

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