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USDT Dominance has broken down from the ascending triangle pattern and has successfully retested the breakdown level, with the Ichimoku Cloud now acting as a resistance barrier and signaling bearish momentum.
This points to a potential continuation of the downward trend. Given the inverse relationship between USDT Dominance and the broader crypto market, a decline in dominance may signal increased buying pressure in altcoins and a bullish shift in overall market sentiment.
Bitcoin is currently testing the horizontal demand zone following its breakout from the ascending triangle pattern, with the 21MA serving as support.
The Ichimoku Cloud indicates bullish strength. A successful test at this level could lead to a bullish rally in the market. Conversely, failure to hold this level may result in further consolidation within the pattern.
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BTC.D is currently trading within a rising wedge on the weekly timeframe and encountering resistance at the wedge’s upper trendline—a formation typically viewed as bearish.
The 21MA is acting as support just below. This setup suggests a potential decline in BTC.D in the near term, with a decisive breakdown of the wedge providing strong bearish confirmation.
Should BTC.D trend lower while Bitcoin remains stable or bullish, this could signal the onset of an altcoin bull run.
Bitcoin is consolidating within a descending broadening wedge pattern. Currently, it is testing the Ichimoku Cloud, which is acting as a support, while the 50-day and 100-day moving averages both are serving as resistance barriers.
A successful hold above the Ichimoku Cloud could signal a bullish trend, whereas a breakdown below the Ichimoku Cloud may indicate a bearish trend.
Bitcoin is currently trading within a rising wedge pattern. It is rebounding from the support trendline of the wedge, with the Ichimoku cloud providing support and indicating bullish momentum. However, the 100MA moving average is acting as a resistance barrier above the current price action. We should wait for a decisive breakout or breakdown to confirm the next move.
The total cryptocurrency market cap is experiencing a downward movement following the breakdown of a rising wedge pattern. The Ichimoku cloud is acting as resistance above the price action.
Currently, the market cap is trading above a horizontal demand zone, where we can expect a potential bounce. However, if it breaks down below this demand zone, further correction in the market is likely.
I took 13.5 Years time interval of $Gold & 3.5 Years time interval of $BTC
#BTC is step by step following the structure which Gold built in 13.5 Years (Should be said it's not 100% Accurate but Price Action repeats perfectly👌)
Let's Consider🧐
Distribution → Dump → Accumulation → Rally → Re-Accumulation → Rally - All Steps are repeated perfectly✅
Btw it's also a Descending Broadening Wedge re-accumulation along the ATH Resistance☝️
Bitcoin is facing rejection from the resistance trendline of the descending triangle. It is currently trading above the horizontal demand zone of the triangle.
The Ichimoku Cloud indicates bearish momentum, while the 200-day moving average provides support below the triangle.
We need to wait for a confirmed breakout or breakdown to determine Bitcoin's next move.
STMX has broken out of a descending broadening wedge following a strong rebound from the support trendline. It is currently attempting to break through the Ichimoku cloud.
A successful retest above the pattern resistance is needed to confirm further upward movement for STMX.
#COTI has been moving downward in a falling wedge pattern, and we're seeing signs of accumulation on the daily chart, suggesting a potential rise. A breakout above the wedge would be a positive sign, but we need a retest to confirm it.
If the price keeps dropping, it might retest the support level at $0.066. This is a key level because failing to hold here could lead to a further decline.
If the overall market sentiment turns negative and there's heavy selling, #COTI/USDT might fall to its strong support zone at $0.07500. This area is important because it has provided strong support in the past.