USDT.D UPDATE! ONCE AGAIN ON DECISIVE MODE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT DOMINANCE update.
USDT Dominance once again looks scary here. Break and close above this channel will bring more dump in the market.
USDT.D forming a bullish rectangle pattern in the daily time frame. If we break and close above this rectangle pattern then we see more dump in the market. Still we have few hours left for the weekly close.
Let's see will it break this time or we see another rejection from the resistance.
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Also, share your views in the comment section.
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Bullish Rectangle
Bitcoin BTCUSDT - RSI Bullish divergence + Falling wedge!- We have a huge parallel channel on the daily chart.
- Also inside this channel, we have a falling wedge - bullish reversal pattern.
- If you take a look at RSI indicator, you can spot a bullish divergence with higher lows on the oscillator!
- Due to my Elliott Wave count, we have finished an Impulse wave.
- 0,618 FIB retracement is a strong SUPPORT and we are currently sitting on the level!
Bitcoin BTCUSDT - Breaking out! Wedge + Great leg up soon!- Bitcoin is currently breaking out of the falling wedge pattern on the 4h chart!
- Probably this could be a final consolidation and now we are heading to a great uptrend.
- We have found a support on the previous triangle POC, which you can see on the chart.
- I think we are definitely ready for a massive uptrend!
Waves WAVESUSDT - Impulse Elliott Wave completed! Bounce soon.- As per my Elliott Wave count - we should be in the end of the current downtrend.
- Impulse Elliott wave is completed with 5 successful waves.
- We have a descending blue channel, you can wait for a breakout of this structure to open a long position on confirmation.
- I think wave 4 is a resistance and we can target this level (around 31 USDT).
- On the RSI indicator we can spot a huge bullish divergence.
AutoFarm AUTOUSDT - Best buying opportunity! + Wedge + Rectangle- We have a huge falling wedge on the daily chart, which can lead to a massive breakout!
- Also we can see a bullish rectangle pattern currently forming on the chart.
- You can buy breakout above the rectangle + wedge trendline (above 550 USDT).
- Due to my Elliott Wave count, we have a completed Impulse wave (1-2-3-4-5).
Litecoin LTCUSDT - Massive falling wedge+ Bull pennant breakout!- Litecoin is currently breaking out of the bullish blue pennant on the daily chart!
- Looks like retest is done and we can continue to the upside.
- We have a huge falling wedge on the weekly timeframe, but bulls still need to confirm their bias.
FTX Token FTTUSDT - Ascending triangle breaking out! New leg up- FTT token is very bullish on the higher time frames.
- Currently the price is breaking out of an ascending triangle - one of the most bullish patterns.
- Also we have a descending channel breakout, which indicates us bullish trend reversal.
- Next profit target is the all time high level, but in my opinion it will go much higher.
- The price is now finally above 200 daily moving average.
eCash XECUSDT - New bull market + Bullish rectangle!- eCash is turning bullish, right now the coin is breaking out of the bullish rectangle.
- On the daily chart we can spot a double bottom reversal pattern + trendline breakout.
- Profit target is previous all time high.
- The neckline is breaking out and volume favors bulls.
BinanceCoin BNBUSDT - Breaking out! + Massive ascending triangle- BNB is currently breaking out of the descending channel, which is ofcourse very bullish sign!
- We have a massive ascending triangle on the macro scale (weekly), which is going to break maybe this year too.
- BNB together with DOT looks very promising at this moment - very good buying opportunity.
PolkaDot DOTUSDT - HUGE breakout is happening! New bull market.- DOT is currently breaking out of the descending channel on the daily chart!
- On the weekly chart we a have higher highs and higher lows, so there is nothing wrong with the overall bull trend.
- Also an Impulse Elliott wave finished successfully with 5 waves to the downside, so now there should at least a retracement to 0,618 FIB.
- RSI horizontal line is breaking out too.
- Together with BNB we can experience solid gains.
BTC bullish rectangle complete2 days ago on Feb 6 I shared an analysis showing BTC is forming a bullish rectangle, now its Feb 8 and it has played out perfectly, it entered my book profit zone perfectly which was a 6-7% swing trade. I hope those that saw my analysis on Feb 6 enter this trade. Will be posting more analysis soon, but I expect BTC to be bearish now.
Trade safely
Lesson: BTC forming bullish rectangle?BTC seems to be forming a bullish rectangle on the H4 chart, I will attach a photo in a comment below for reference. I have drawn out a couple lines for entries, sl and tp if this bullish flag plays out.
Bullish flag breakout generally moves the same ammount as the move before, in this case BTC jumped about 8%, so therefore we can expect another 8% jump if the H4 candle closes above the resistance line (Line 1).
I hope this helps, even if it doesn't play out.
Please leave any questions:)
Trade safely
Bitcoin BTCUSDT - HUGE major breakout is happening right now!- Bitcoin is currently breaking out of the falling wedge - bullish reversal pattern.
- The ascending triangle is also being destroyed by the bulls right now!
- We can see elevated volume during this breakout.
- Looks like the bearish market structure is broken and we can finally experience some bullishness.
- I think 0.618 FIB is the minimum target, then the bears can step in again.
Bullish Rectangle or Double Rising Wedge?It's a major debate at this moment wether Bitcoin is forming a bullish rectangle or a double rising wedge.
Regardless of opinions, when zooming out on the 1h, 4h and daily charts, it is hard not to first observe the bullish rectangle. And in the end, we care about the long term.
If the rising wedge is confirming with a slight drop, it will be only short, retail stop loss hunting which will most likely not break 36,500
As we have consolidated at crucial support 38,000, it is expected that bitcoin will tackle the next major milestone at 40,000 before the big battle at 43,500.
PAX GOLD PAXGUSDT - Buy gold with crypto / bullish triangle- If you want to buy gold on Binance or any other crypto exchange, you can buy PAXG, which seems like a good alternative to traditional ways.
- You don't need a bank account or brokers to speculate on GOLD price - You can buy gold (PAXG) with bitcoin or USDT.
- It is possible to use leverage on FTX with PAXGPERP futures.
- PAXG is practically copying the price of GOLD.
- Gold is now consolidating on the weekly chart, but it looks like it will break up in the near future and is ready to a breakout to new all time highs.
Storj STORJBTC - Ascending triangle on the weekly scale!- STORJ - Rank #128 - Token.
- On the weekly scale we can spot a beautiful ascending triangle, bullish pattern.
- Also the price recently broke out of the falling wedge with a successful retest.
- We can target a previous all time high as a profit target.
Bullish rectanglePrice is currently consolidating inside a bullish rectangle. A breakout looks very feasible. We can take short-term buy opportunities at the bottom of the channel. We don't want to trade against the trend, so we're not taking any short position.
We patiently await the breakout.
#Risk Management
# Good RR
#Simple chart pattern.
Bullish rectanglePrice is currently consolidating inside a bullish rectangle. A breakout looks very feasible. We can take short-term buy opportunities at the bottom of the channel. We don't want to trade against the trend, so we're not taking any short position.
We patiently await the breakout.
#Risk Management
# Good RR
#Simple chart pattern.