By using Technical Analysis on the USDT.D + USDC.D chart, compared to the Bitcoin chart, it becomes easy to spot Bull and Bear phases, let's have a look :
What we can see :
- Thanks to this parallel channel we can see that every time the USDT/C dominance reaches the top of the channel, Bitcoin starts a new Bull movement. And every time the USDT/C dominance chart reaches the bottom of the channel, Bitcoin starts a new Bear movement.
- As you can see, sometimes it did not reach the top or the bottom of the channel, BUT the Tenkan and the Kijun can give you the directions!
What we can expect :
- Next bull movement for Bitcoin is gonna happen once USDT/C dominance loses the Tenkan + Kijun and breaks the median line ! On the other hand Bitcoin must regain and close above its Tenkan.
- Always remember that Technical Analysis has its limits and the macroeconomic events must prevail over all analyzes, for any asset class! Ask Putin 🥲
Good luck traders, may the crypto be with you 🍀
FEEL FREE TO LEAVE A LIKE AND FOLLOW ⭐ H₿ CAPITAL ⭐
What we can see :
- Thanks to this parallel channel we can see that every time the USDT/C dominance reaches the top of the channel, Bitcoin starts a new Bull movement. And every time the USDT/C dominance chart reaches the bottom of the channel, Bitcoin starts a new Bear movement.
- As you can see, sometimes it did not reach the top or the bottom of the channel, BUT the Tenkan and the Kijun can give you the directions!
What we can expect :
- Next bull movement for Bitcoin is gonna happen once USDT/C dominance loses the Tenkan + Kijun and breaks the median line ! On the other hand Bitcoin must regain and close above its Tenkan.
- Always remember that Technical Analysis has its limits and the macroeconomic events must prevail over all analyzes, for any asset class! Ask Putin 🥲
Good luck traders, may the crypto be with you 🍀
FEEL FREE TO LEAVE A LIKE AND FOLLOW ⭐ H₿ CAPITAL ⭐