Square-Creator-25d14e3bd94a872c19dd

BTC and ALTCOINS are falling...WHY? (PART 3)

* CRYPTO and STOCKS

It's not just #BTC e #altcoin that are suffering from this tough decline situation, take a look at this...

Yesterday we saw the S&P 500 cut $800B in Market Capitalization in just 5 hours, with fluctuations of 50 points, which is truly astonishing. This is because I am not bringing the numbers from NASDAQ that were equally frightening.

What does this have to do with Crypto?
Today we have many people and Companies trading in stocks as well, so if they incur a loss there, they tend to withdraw money from Crypto to try to recover somehow and vice versa.

We have seen strong growth in the Technology Sector recently, but in the last month, things have not been so strong, as evidenced by the decline of many technology stocks and growth has practically been confined to a few stocks.

WHAT is causing this?

There are many factors, but the main one is the uncertainty about what TRUMP hopes to achieve with this Trade War and what his main target is...

An example of the confusion we are in is that TRUMP weeks ago talked about tariffs and yesterday, in a moment that had nothing to do with it, he suddenly announces "We will impose 25% tariffs on Automobiles and OTHER THINGS" from the European Union, and the worst part is he did not clarify what those OTHER things would be, and the Market does not like uncertainty.

Also, in this regard, he said he would add another 10% tariff on Chinese Products starting in March. Note that this is in addition to the other 10% that would already start this month.

There’s more, Canada and Mexico will have their 25% tariffs coming into effect in March as well, and the worst part is that these tariffs were exactly the ones that had been agreed to be postponed.

This rapid change regarding new tariffs creates a problem for investors and the very Economy of Companies.

(I don't care about engagement, but SHARE this if you can, it might help calm many people down).

Analysis $BTC . D 12/03/2024
#BTCDOMINANCE, we had a great advance in this chart and it deserves to be posted. See that we had a clean break at 57%
and we did not come back to make any bearish retest at 59.6% which allowed #altcoin to continue rising and some others forming continuation patterns.

We did not have any significant pullback in altcoins, and we are obviously about to see another +40% continuation in them.

The speed at which Dominance is falling is really surprising, of course we always expected it to be fast since it had a higher rise than expected, but it was still faster than we initially thought.

We stopped below 55.84% , which is really bullish for altcoins since this level should start acting as resistance now.

We are at an important level, we must fall below the gray band on the chart to have a clean break of the bullish channel and also of this support that we have been having in the gray band, this level is extremely important for both sides, and we will decide tomorrow, precisely on a busy day, lol.

In any case, I think we are heading to the green band just below this current level, so...I REPEAT:

Prepare your wallets, I warned you last month that YOU SHOULD BUY good Altcoins, if you didn't do that, I'm sorry...you're out of the party!

I AM EXTREMELY BULLISH ON ALTCOINS! ✊🏻