The only point where I'll actually start shitting my pants is if USDT.D starts closing daily candles above these dotted lines.
Here's why:
A daily close above the first line would turn it into support. Still manageable.
But a daily close above the fucking 7.58% level? That's where things could get really ugly for the market.
Period.
Ah, here we go!
Told you that if 7.2% on USDT.D failed to hold, $70K–$71K would be here in no time. And here we are.
I've been tracking this USDT.D chart closely, and the levels have played out exactly as anticipated.
We can now look for some relief around the $70K–$71K region, or once USDT.D reaches 7.58%.
Cheers! 🫡
Funny to watch all these CT gurus come up with new levels after every dump.
I've had one level marked on USDT.D at 7.2% for days, and I took that risk based on that level alone.
If it fails, I see no reason why we can't have an even deeper correction towards $70K–$71K.
Make sure you're following an analyst, not an egoist. There's a difference.
How about now?
Here's something to think about: anyone who went long with him using 4x leverage is now down almost 50% on their portfolio.
Take this as a lesson, my friends. Risk management is everything. Never trust anyone blindly, no matter how confident they sound. 👏