#Will there be a rally in crypto?#Willthere be an ALTSEASON? Will $BTC pull back?
One of the important data in crypto is $USDT dominance.
In my previous post, I stated that a bull could occur if it falls below 5%. Although it was an increase below my expectations, especially $BTC had a nice rally. Unfortunately, altcoins could not keep up with this.
Now, $USDT.D seems to have reacted from the 3.7% support level. This is clearly not a positive situation.
I hope we will see good days, my friends. I know we have all grown tired of the market. But sometimes we have to wait. I hope we will achieve our dreams together.
Which way will the #kripto market go? Will it make you happy or will it continue to make you sad? Let's look at three charts that are related to each other. 👀
The resistance level for $USDT was 6.77% and it was tested here. If this resistance level is broken, we will not experience good things. If the opposite happens 🙏 It would be great for us if $USDT dominance reacted from here and started to decline. Especially if it falls below 5%, it will be a harbinger of good days for $BTC and #altcoins. 🙏
For $BTC, these levels are strong levels. In a negative situation, we will see 43-40 thousand dollars.
The $TOTAL3 chart gives us hope. Sooner or later, a breakout will occur and the tremendous money circulating in the market will flow into #altcoins. We are already making plans according to this flow and waiting impatiently.
#BTC is falling and the market seems to be turning upside down. So let's find answers to the questions on everyone's mind. 🤔 Questions: 1️⃣ Will#BTCrise or fall? 2️⃣ Will there really be a#bullseason? 3️⃣ Will we be able to win? Answers: 1️⃣ When we look at the $BTC chart, the increase in the last 8 months seems to be 376%. Similarly, the decrease in the last four months is 27.50%. Also, when we look at its current value, the decrease is only 17.99%. Here, we need to find an answer to the following first. Is it normal or abnormal for $BTC, which increased by 376%, to drop by 27%? Considering the political and economic developments in the world, this decrease is quite normal. In our opinion, as long as we do not see a weekly candle opening below 51K #dollars, there is no problem. In short, our red line in $BTC is $51,000. If#BTCfalls to these levels, we are also aware of how much#altcoinswill lose value. Still, our biggest wish is that it does not fall below 59K. To summarize the answer to the first question,#BTCshould and will rise. We believe that a bull cycle will occur and we make our investments accordingly.
I said that I would open a short transaction for #JASMY at $0.038 on June 1. The transaction is active.
Note: I open transactions in the futures section for your pleasure. Sometimes the market gets boring. I open a transaction in order not to be disconnected from the market. I'm just giving my opinion and posting my process here. I could be wrong. Sometimes I feel sleepy and close the process. To sleep comfortably. So please, my friends, determine the opening, closing and profit levels of your transactions yourself.
This is how I follow the chart #AVAX . It continues to move along the channel. I have both long transactions and spot purchases. I will add to my long trade at $33. For spot buying, keep adding.
If; 👉 If the channel break occurs downwards, I will control my risk in my long transaction. I will continue spot buying. Because #AVAX in the bull is one of my favorites.
👉 If the channel break is upward, I will wait for it to go as much as the channel width. (around $50)
I continue to transfer the earnings I received from #PEPE to #FLOKI . My purchases will continue until the level of 0.0002$ . I believe there will be a nice increase up to 0.0005$ . I'm waiting with patience. The more I collect, the more wonderful it will be.
I believe #XRP’ will no longer fall below the $0.4 level. It is currently at $0.51. I allocated some of my balance for #XRP . I'm thinking of buying only in futures. I haven't made a purchase yet (!) but I can clearly say that I trust #XRP’ .