USDT.D : No more room for ALTs to grow !

١٠ ديسمبر ٢٠٢١

USDT.DBTC.DOTHERS.D
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !

In this post; I'm going to talk about the dominances and their affect on the market's structure in near futures !
📑 These will be our topics :
- USDT.D; Cup & Handle formed, Where are we heading to ?
- BTC.D; Reached the local support on 12H's time-frame, More upward movement expected...
- OTHERS.D; Possible three drives and a bearish break on RSI !
Now let's head to our article; Shall we ?

- USDT.D; Cup & Handle formed, Where are we heading to ?
As you can see on the chart given as main idea, There's a cup & handle formed on 4H's time-frame and it'll be confirmed after break-out above the grey zone ( Resistance zone, Supply ).
This means that the overall for crypto market is becoming bearish and #USDT.D can surge more that 28% according to cup $ handle's depth !
📌 Now as we know about the USDT's dominance; It's better to check on the other charts to make our overview more reliable, Follow me 👇🏼

- BTC.D; Reached the local support on 12H's time-frame, More upward movement expected...
Our next station will be at #BTC.D's chart to make decision on our holding bags.

#BTC.D is located on the local 12H's support and it's acting as Demand zone here ( There's no demand zone actually in dominances charts ! ).
Also there are couple of S/R zone and the resistance zone above...
Have to mention that we have a bearish trendline near above from the current level !
So, What is the expectation ?
I expecting a pull-back from the current support, Which means that scalpers will more focus on BTC in next days and the break-out above the resistance zone and the trendline will confirm the bullish pull-back from the support.
Which means that there's a possibility for #BTC.D to retest the higher S/R zone located on 47%'s level !
📚 With the information given above, Now we know that We'll have the bearish market ahead ( at-least another dive into 40K's Demand on BTC's chart ) and #BTC won't be the leader of the LONGs liquidations.
That's why I wanted to take a look into #OTHERS.D's chart too !

- OTHERS.D; Possible three drives and a bearish break on RSI !
Now the last importance for us is to know about our ALT's holding bags...

According to the information given above; There's a possibility for #OTHERS.D to form a three drives and also the RSI is kinda confirming the retest on trendline !
If we look into RSI; We can see the break below the movement one time; However there's another trendline that supporting the movement in 12H's time-frame.
But there's a dynamic resistance too !
So with the data that we extract from our RSI; There will be a retest on trendline and the current higher S/R line is confirming it.
Have to mention that, Any retest on trendline will activate our three drive's scenario and it'll increase the chance of breakdown below the trendline !
📚 In total, We have the info about the ALT's weaknesses in next days or even weeks; Which is suggesting to decrease our risks on our ALT's positions...


📑 Conclusion :
The bullish formation on #USDT.D's chart is suggesting that we have more downward movements on #BTC; However we need a confirmation above the mentioned resistance zone.
On the next factor we found-out that the #BTC.D's chart is following the #USDT.D's movement and it'll grow neither !
At the end the only weakness on dominance's charts is belongs to #OTHERS.D; Which means that in next downward movement we might see that #ALTs will bleed much more that #BTC.
In general you need to focus on your swings and close them in time. ( When you see any weakness on BTC's movement )

Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
Helical_Trades