Hi everybody, it has been quite difficult to predict the outcomes in the next few days and weeks; however, I am happy to share my thoughts with you.
It looks like USDT.D is making a cup and handle pattern. According to this pattern, there is a higher peak after each down. Respecting the previous high (left red line), I have made the possibilities of the current situation (right red line). For the current spike, there are 2 possibilities to reach the upper star at near 5.60 or the lower star at near 5.40 --- It is interesting that since NOV, USDT.D has been mostly ahead of 4H LSMA crossover and our 4H EMAs which is not a good sign for a so-called bullish BTC! Finally, I would point out that USDT.D can potentially reach upper 6.0 or even 7.0 for a short time too. Good Lock
It looks like USDT.D is making a cup and handle pattern. According to this pattern, there is a higher peak after each down. Respecting the previous high (left red line), I have made the possibilities of the current situation (right red line). For the current spike, there are 2 possibilities to reach the upper star at near 5.60 or the lower star at near 5.40 --- It is interesting that since NOV, USDT.D has been mostly ahead of 4H LSMA crossover and our 4H EMAs which is not a good sign for a so-called bullish BTC! Finally, I would point out that USDT.D can potentially reach upper 6.0 or even 7.0 for a short time too. Good Lock