Final Bearish Wave of the Crypto Market?

Aug 27, 2022

USDT.D
We might be looking at the final uptrend of the USDT dominance chart.
In one of my previous ideas I stated that the crypto market might be on a road to recovery; indicating how a hidden bearish RSI divergence was formed on the daily timeframe which is a sign that the bulls are slowly taking control of the market.
Recently I've marked out a series of patterns the convince me that this might be the final leg up for USDT.D;

Consolidation breakout on the downtrend after which liquidity was formed at the 7.09% chart mark, after which we get a pull back up to the liquidity zone. If this zone gets taken out price would tap into the FVG(Fair Value Gap) area to fill up imbalances before the downtrend can continue thus prompting a major bullish move for the crypto market.


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- Joel.

Aug 29, 2022

Comment

Double top liquidity zone at the 7.09% mark has been taken out. Now we wait for the FVG to be filled before we can expect a downtrend scenario😀

Sep 6, 2022

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Price is now slowly approaching the FVG, we wait to see what happens after it gets filled😀

Sep 21, 2022

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Price finally filled the imbalance at the FVG whilst BTCUSDT tapped into the 18,300 price mark, we wait to see what happens from here on out, trade with caution.