USDT.D: IS THE CRYPTO MARKET READY FOR A TAKE-OFF?

١٤ فبراير ٢٠٢٢

USDT.D is showing bearish signs that translate into bullishness for the whole crypto market. However, USDT.D will be decisively bearish when the head-and-shoulders pattern plays out, and a confirmation can be seen. MA21 is acting as resistance right now. A break below the neckline and a retest will confirm a move downwards. It is worth mentioning that this is the first time MA21 is being tested as resistance after being a support factor for quite a while.
All in all, Am I bearish on crypto? Not yet! Am I bullish? Not yet! In the next couple of weeks, I will have a firmer leaning.
If you check my crypto analyses, you can clearly see that all possibilities have been given equal weight, and I am waiting for further movements to follow the trend.

P.S: USDT.D is in inverse correlation to crypto.