Bitcoin fans will not like this idea, but it is possible that BTC is already slowly ending its productive life and heading for retirement.
One can't help but notice the ever-decreasing percentage performance.
One can't help but notice the ever-decreasing percentage performance.
Note
USDT.D is likely to end the consolidation soon, I expect an increase in dominance to the upside, followed by more cryptocurrency movement to the downside.
However, another fakeout is certainly possible, it is an integral part of this market.
Market makers will do anything to steer you in the wrong direction.
Note
Just as expected, there was a fakeout on USDT.D
Market makers should do some thinking, because if they use fakeout every time, traders will automatically count on it and fakeout will no longer serve its purpose.
Here it is back below the upper resistance in a consolidation range, if there is a subsequent break above, there will be a quick move up.
Cryptocurrencies will fall rapidly in parallel.
I personally don't care what happens here and how long it lasts.
The bottom of the crypto market is still far away.
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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.