Here's What We Need for the Bull Run to Begin!
2024-10-17

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

I always keep an eye on USDT.D to gauge the overall sentiment of the crypto market.

📚 As long as USDT.D remains within the descending triangle, expect a ranging market.

 🏹 For a Bull Run to be confirmed , USDT.D needs to break below the lower boundary of the triangle and the 5.2% mark. (daily candle)

In this scenario, BTC would break above $70,300 (weekly candle), potentially leading to a movement toward the $100,000 round number.

Currently, USDT.D is hovering around a strong support zone, so we expect the bulls to take over in the short term, pushing the price up to the red supply zone and the upper orange trendline.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich