USDT Dominance. I am bullish!!! Good for BTC trades!!!
Hello everyone. i want share my idea about USDT Dominance.
After bitcoin bullish movement at USDT Dominance we had revers strong bearish movement, which broke easy some supports without test it, but at least we got some strong rejection at weekly support. First touch was strong revers movement which test twice 4h resistance and we got movement from 6.10% to 5.60% ( weekly support) at weekly support price stopped, if we look at price action its coming reverse which mean, if we will get here trend change, bitcoin price will fall and we will get bearish trend, if bitcoin will start with bearish next year, its high probability to get next year bearish for bitcoin ( i shared my analysis at bitcoin where i am short). at this chart we have some interesting price at the moment, if we look at weekly or monthly timeframe we will see trend is still in uptrend and we can assume, it was correction and another high-low of trend. for that i made some scenes which i am waiting.
Scene 1 - price has stronger reaction second time when it touched to weekly support its going higher and brake resistances which is first 4h and second daily.
Scene 2 - price need another buyers for that it will make liquidity swing where new buyers will active and price will go higher, if we look at it now we had some liquidity swing where we got new buyers but if from here price will not start bullish trend i think another liquidity swing will be enough for active new buyers.
Scene 3 - i am wrong in this trade, sellers will brake that weekly support where will be not new buyers and trend will continue.
I will share in this posit my Bitcoin analysis which i think will hep you analysis better.
Always manage your own risk and make your own research!!!
After bitcoin bullish movement at USDT Dominance we had revers strong bearish movement, which broke easy some supports without test it, but at least we got some strong rejection at weekly support. First touch was strong revers movement which test twice 4h resistance and we got movement from 6.10% to 5.60% ( weekly support) at weekly support price stopped, if we look at price action its coming reverse which mean, if we will get here trend change, bitcoin price will fall and we will get bearish trend, if bitcoin will start with bearish next year, its high probability to get next year bearish for bitcoin ( i shared my analysis at bitcoin where i am short). at this chart we have some interesting price at the moment, if we look at weekly or monthly timeframe we will see trend is still in uptrend and we can assume, it was correction and another high-low of trend. for that i made some scenes which i am waiting.
Scene 1 - price has stronger reaction second time when it touched to weekly support its going higher and brake resistances which is first 4h and second daily.
Scene 2 - price need another buyers for that it will make liquidity swing where new buyers will active and price will go higher, if we look at it now we had some liquidity swing where we got new buyers but if from here price will not start bullish trend i think another liquidity swing will be enough for active new buyers.
Scene 3 - i am wrong in this trade, sellers will brake that weekly support where will be not new buyers and trend will continue.
I will share in this posit my Bitcoin analysis which i think will hep you analysis better.
Always manage your own risk and make your own research!!!
Comment:
Scene 1 don’t work well. I am waiting if I will be right in scene 2.
Comment:
buyers still trying to raise dominance but i am waiting for bigger moves.
Trade closed manually:
It broke support zone, if we look at lower timeframe scene 3 is moving well. For that I had is profit my bitcoin trade and I closed it for me it will be better if I will wait price action for make better decision.
