It's macro-direction decision time for the next few months.

14 oct. 2023

USDT.D is at a decisive level and possibly looking to break out, We've been respecting this consolidation wedge for the last year as well as the channel within. 30 and 50 EMA's on the daily shown and the 4 hr TF are still pushing upward and will be acting as potential support levels that may push us over the top of the long standing consolidation. However, daily RSI shows some bearish divergence. Still over the 200 EMA weekly so USDT.D is currently bullish; though market makers might want to pull back to the 200 EMA for some short liquidations. RSI depth on pull backs will reveal the direction of momentum...i.e, if RSI pulls under the 30 at any of the EMA's above, and including the 200, USDT.D will be ultra bullish. Since BTC dominance is fairly high, the vast majority in and out of Tether is trading on Bittie so watching EMA's and long standing trends as potential inflection points should help you to gauge trade entries more accurately.