Stablecoin Dominance: Premise for 100K
USDt.D+USDC.D is more likely to pullback from here. The chemistry of this instrument is clear. It marginally breaks the highs and then retraces back down to make a LH.
This kind of behaviour is observed in this chart for the past 4 years.
USDt.D+USDC.D is more likely to pullback from here. The chemistry of this instrument is clear. It marginally breaks the highs and then retraces back down to make a LH.
This kind of behaviour is observed in this chart for the past 4 years.
With an average pullback of 48% in this instrument, #BTC tends to pump 203% on average.
Which means that "IF" 33k was the bottom then we can expect a 203% gain targeting exactly 100K$ mark.
Which means that "IF" 33k was the bottom then we can expect a 203% gain targeting exactly 100K$ mark.
Other Technical Confluences:
1. Rising wedge.
2. Bearish divergence on the weekly.
3. 3D MACD bearish cross over+bearish divergence.
4. Retracement target zone: 0.5-0.702 fib (5.5-4.6%)
1. Rising wedge.
2. Bearish divergence on the weekly.
3. 3D MACD bearish cross over+bearish divergence.
4. Retracement target zone: 0.5-0.702 fib (5.5-4.6%)
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