📚 As long as USDT.D remains within the descending triangle, | theSignalyst en Binance Square

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📚 As long as USDT.D remains within the descending triangle, expect a ranging market.
🏹 For a Bull Run to be confirmed, USDT.D needs to break below the lower boundary of the triangle and the 5.2% mark. (daily candle)

Aviso legal: Se incluyen opiniones de terceros. Esto no representa una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.

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618

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📈From a medium-term perspective, BTC has been bullish trading within the rising channel in blue. 📚 As per my trading style: As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

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📉After breaking below the previous low of $68,000 (marked in red), $BTC's momentum shifted from bullish to bearish in the short term. As long as the bears remain in control, the next major support zone that could hold #BTC up is the $63,000 demand zone.

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📉Previously, after breaking below the last major lows (marked in red), $BTC dipped. 📈Similarly, after breaking above the last major highs (marked in blue), $BTC surged. 🔄If history repeats itself, and the current last major low marked in red is broken to the downside, we can expect another dip in #BTC.

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$ETH 1️⃣ $2000 is a round number that intersects with a structure and trendline, making it an attractive zone to consider medium-term longs. 2️⃣ $2900 represents the previous major high and structure that the bulls need to break above to take full control.

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📈 ETH has been bearish as an over-extended correction phase, and currently approaching a massive support zone $2000 - $2,200. 📚 As per my trading style: As #ETH approaches the support zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

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