BTCUSDT 12h That in common in Bitcoin, Altcoins, Dominance USDT
Updated
Today, let's consider the behavior of BTCUSDT price for 12 hours of timeframe, as the BTC price is working on the fractal we presented last week.
According to the fractal, by the end of this week, a smooth Bitcoin price growth is possible to $21500. In general, this is a minimum and conservative target for growth.
And further, it can start again - 2-3 weekly price corrections.
But in this situation, in our opinion, it is more interesting different.
While the BTCUSDT price will be growing smoothly, altcoins can start to grow actively
This assumption partially confirms the Dominance USDT chart - USDT.D
A possible fall in the Dominance USDT.D, according to the fractal, will mean that the capital from the Tether will be flowing into BTC and altcoins, accordingly, their prices will grow.
But the next trading week can be an interesting fracture:
- If the USDT.D starts to grow, and the price of BTCUSDT fall, it is clear that the capital will start flowing again from the BTC into the Tether
- But it can be more interesting with altcoins. If from next week, they will be poorly adjusted or the price is relatively standing in place, it will mean that from Alts capital does not flow to Tether. Accordingly, while the BTCUSDT price will be in a smooth correction, Altcoins can start a good up movement.
But about this is already next week. But not to miss the updates of our thoughts: put a like under the idea, write a comment and sign up for us.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
According to the fractal, by the end of this week, a smooth Bitcoin price growth is possible to $21500. In general, this is a minimum and conservative target for growth.
And further, it can start again - 2-3 weekly price corrections.
But in this situation, in our opinion, it is more interesting different.
While the BTCUSDT price will be growing smoothly, altcoins can start to grow actively
This assumption partially confirms the Dominance USDT chart - USDT.D
A possible fall in the Dominance USDT.D, according to the fractal, will mean that the capital from the Tether will be flowing into BTC and altcoins, accordingly, their prices will grow.
But the next trading week can be an interesting fracture:
- If the USDT.D starts to grow, and the price of BTCUSDT fall, it is clear that the capital will start flowing again from the BTC into the Tether
- But it can be more interesting with altcoins. If from next week, they will be poorly adjusted or the price is relatively standing in place, it will mean that from Alts capital does not flow to Tether. Accordingly, while the BTCUSDT price will be in a smooth correction, Altcoins can start a good up movement.
But about this is already next week. But not to miss the updates of our thoughts: put a like under the idea, write a comment and sign up for us.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
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🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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