Are you afraid to invest in crypto? Well here take a look

USDT Dominance is forming ascending channel pattern.

Right now, it's testing a strong resistance of 100 days. which seems to be working.

tomorrow the cpi report will come out. if the cpi exceed the expected value. we will head to the red area. it means the market will be shaken. I am expecting the yellow path in case the value is between 8.2-8.3

if the value exceeds 8.7-9 we will break through that and it's not good for crypto.

in case the value is 7.9 or below that we will follow the magenta line.

After FTX / Binance drama everything fell apart despite DXY was showing weakness..

So don't be afraid. Stay tuned I will be regularly updating this idea

Commentaire:

Look like we break the local line of resistance and now we are in the red zone and CPI report is yet to come. kinda scary but don't be afraid (when every one is afraid be greedy and get those cheap prices) these big players always manipulate the market by creating chaos at the end of the day btc will make new all time high by early 2024..

i believe we are very close to the bottom or bottom already formed just wait for the cpi report.

Just hope for the best only few hours left for CPI report.

Commentaire:

as i said previously we got rejected from the red zone..