In a previous analysis, I mentioned that the long-term outlook for this parameter (USDT.D) remains extremely bearish. At the time, a bear flag was clearly visible—but it hadn’t been broken yet.
Well, now it has.
The breakdown confirms the bearish continuation, and there’s still more room to fall. As USDT.D continues to descend towards the projected target for Wave 3, we are likely to see a new All-Time High in Bitcoin, accompanied by a strong rally in many altcoins.
The main target for Wave 3 sits at 3.75%—a historically critical level. For years, USDT.D has never fallen below this zone, making it an extremely strong support area.
⚠️ Reminder: Consider taking profits when USDT.D approaches the 3.80–3.75% region. A reversal or temporary bounce is highly likely there.
Well, now it has.
The breakdown confirms the bearish continuation, and there’s still more room to fall. As USDT.D continues to descend towards the projected target for Wave 3, we are likely to see a new All-Time High in Bitcoin, accompanied by a strong rally in many altcoins.
The main target for Wave 3 sits at 3.75%—a historically critical level. For years, USDT.D has never fallen below this zone, making it an extremely strong support area.
⚠️ Reminder: Consider taking profits when USDT.D approaches the 3.80–3.75% region. A reversal or temporary bounce is highly likely there.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.