USDT dominance is preparing for an upward move. Initial confluences have already appeared on the chart.
Crossing above the blue trendline shall trigger an upward move towards 4.70% pivot zone.
The possible upward move shall cause BTC to drop to lower levels to fill its CME gap that is identified in the previous posts.
Market is highly dangerous for opening Buy/Long positions specially given the fact that BTC dominance is already above 61%. So any drop in BTC will cause an excessive reaction in altcoins.
Crossing above the blue trendline shall trigger an upward move towards 4.70% pivot zone.
The possible upward move shall cause BTC to drop to lower levels to fill its CME gap that is identified in the previous posts.
Market is highly dangerous for opening Buy/Long positions specially given the fact that BTC dominance is already above 61%. So any drop in BTC will cause an excessive reaction in altcoins.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.