#MONEYFLOW - Things couldn't be looking much more bearish for Cr
#MONEYFLOW - Things couldn't be looking much more bearish for Crypto
Looking at the over all money flow in the crypto space could not really look any more bearish rn.
USDT Dominance - Up, money coming out of ALTs and BTC, possibly new money coming in ready to buy dips.
BTC Dominance - Rising, this is likely the hodl'ers remaining in BTC whilst all the agile traders are moving out into USDT
Total Alt Cap broken support - very bearish, not as many hodl's in the ALT market so this will be affected quicker than BTC
DXY has bounced well off the 200 daily moving average with a possible retest of 111-112 region, this is bearish for risk assets like BTC
BTC Price is falling along with the dominance rising - this is usually a direct signal money is flying out of the space BTC and Alt space
Gold is falling that is showing the real strength of the DXY atm.
Looking at the over all money flow in the crypto space could not really look any more bearish rn.
USDT Dominance - Up, money coming out of ALTs and BTC, possibly new money coming in ready to buy dips.
BTC Dominance - Rising, this is likely the hodl'ers remaining in BTC whilst all the agile traders are moving out into USDT
Total Alt Cap broken support - very bearish, not as many hodl's in the ALT market so this will be affected quicker than BTC
DXY has bounced well off the 200 daily moving average with a possible retest of 111-112 region, this is bearish for risk assets like BTC
BTC Price is falling along with the dominance rising - this is usually a direct signal money is flying out of the space BTC and Alt space
Gold is falling that is showing the real strength of the DXY atm.
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