Now that we have a clear picture, now that the bearish bias is basically confirmed... Let's update the chart.
Tether Dominance will drop and we have targets at 0.5 Fib. retracement coinciding with MA200, a sure stop, followed by 0.618 Fib. retracement golden ratio coinciding with value area.
Now, how much would bitcoin grow if USDT.D falls to these levels?
Bitcoin is sitting right now at $16,950 and a drop by USDT.D to the first target of 7.53% would put bitcoin in the $18Ks.
The next target, the Fib. retracement golden ratio, sitting at 7.08% of Tether Dominance, would put bitcoin above $20K....
And that is only the beginning, we are looking at a long-term bearish wave for USDT.D based on the long-term lower high.
Which means that bitcoin can do much more... But we go step by step, this is only how things start.
Namaste.
Tether Dominance will drop and we have targets at 0.5 Fib. retracement coinciding with MA200, a sure stop, followed by 0.618 Fib. retracement golden ratio coinciding with value area.
Now, how much would bitcoin grow if USDT.D falls to these levels?
Bitcoin is sitting right now at $16,950 and a drop by USDT.D to the first target of 7.53% would put bitcoin in the $18Ks.
The next target, the Fib. retracement golden ratio, sitting at 7.08% of Tether Dominance, would put bitcoin above $20K....
And that is only the beginning, we are looking at a long-term bearish wave for USDT.D based on the long-term lower high.
Which means that bitcoin can do much more... But we go step by step, this is only how things start.
Namaste.
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Declinazione di responsabilità
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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click now & get FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click now & get FREE Pizza! 🍕)
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.