đš Market Update â What Iâm Seeing Right Now đš
Hey fam, Iâm spotting a very bearish pattern in $USDT dominance, and historically thatâs been extremely bullish for Bitcoin.
The pattern Iâm referring to is a rising wedge, which typically breaks down. If that happens, we could see a drop in $USDT dominanceâwhich means money flowing into crypto, especially $BTC and altcoins. Thatâs exactly why weâve placed some longs around these levels.
Right now, the market looks oversold. Everyoneâs turned ultra bearish on alts, and thatâs usually when the biggest upside explosions happen. So, yeahâIâm expecting Bitcoin to bounce from these levels, and it might catch most retail traders off guard.
Quick notes:
âą I havenât longed Bitcoin in over a monthânot because Iâm bearish, but because I already traded it before.
âą Iâm not shorting $BTC or $ETH eitherânothing looks bearish to me here.
âą Iâm watching a falling wedge forming on $ETH âagain, historically bullish.
âą BTC dominance is also testing previous pump zonesâif it rejects again, we could see another strong move on alts.
Also, should I drop a video explaining all these patterns? Let me know in the comments. Would help you all see it clearly.
Thatâs it from me
Not Seeing anything bearish in Bitcoin right now.
Letâs see how this week plays out. Peace out đ
#Bitcoin #Altcoins #Ethereum #Altseason
Hey fam, Iâm spotting a very bearish pattern in $USDT dominance, and historically thatâs been extremely bullish for Bitcoin.
The pattern Iâm referring to is a rising wedge, which typically breaks down. If that happens, we could see a drop in $USDT dominanceâwhich means money flowing into crypto, especially $BTC and altcoins. Thatâs exactly why weâve placed some longs around these levels.
Right now, the market looks oversold. Everyoneâs turned ultra bearish on alts, and thatâs usually when the biggest upside explosions happen. So, yeahâIâm expecting Bitcoin to bounce from these levels, and it might catch most retail traders off guard.
Quick notes:
âą I havenât longed Bitcoin in over a monthânot because Iâm bearish, but because I already traded it before.
âą Iâm not shorting $BTC or $ETH eitherânothing looks bearish to me here.
âą Iâm watching a falling wedge forming on $ETH âagain, historically bullish.
âą BTC dominance is also testing previous pump zonesâif it rejects again, we could see another strong move on alts.
Also, should I drop a video explaining all these patterns? Let me know in the comments. Would help you all see it clearly.
Thatâs it from me
Not Seeing anything bearish in Bitcoin right now.
Letâs see how this week plays out. Peace out đ
#Bitcoin #Altcoins #Ethereum #Altseason