📈 A Year Long Head & Shoulders Pattern & Volume Signal

8. Juni 2023

Looking at USDT.D short-term we can see lots of weakness.
Looking at USDT.D long-term we can see a pattern of decreasing volume.

We have a year long Head & Shoulders pattern, a huge pattern, that will lead to a massive crash on this index, money will flow from this and other stablecoins to Bitcoin and the Altcoins as the Cryptocurrency market grows.

This long-term volume dropping pattern tends to precede a massive crash.

If you notice Bitcoin and many Altcoins, their volume lately has been up to All-Time Highs.

Since these are growing, their volume hits new highs and continues to go up (in 2023).

Since Tether Dominance is set to shrink, its volume continues to go lower and lower until there is a breakout and the bearish volume has a strong increase.

Let me show you three examples using some of the biggest exchanges.

Here is Bitcoin's volume long-term on Binance | BTCUSDT (see the increase)

Volume is going up, while USDT.D volume has been going down.

On KuCoin volume has been growing since 2020


Coinbase is the same...

Just some examples, because the dropping volume on the USDT.D chart is pretty obvious.

Namaste.

16. Juni 2023

Anmerkung

H&S pattern adjusted based on candle close.
Long-term bearish bias intact.
Bearish volume signal intact.

21. Juni 2023

Anmerkung

I've been calling this one short since last year, just as I called Bitcoin bullish... It took a long while but finally it is here.

These signals do work.
Lower highs, declining volume... All the bounces were just corrections upward, the trend continues to be done and this should go for the long-term.

The Cryptocurrency market will enter a strong bullish phase.

One last major consolidation after this wave and then we are up all the way.