#USDT.D Not everyone is watching this... Mini Altseason ahead?
Updated
Welcome to this short update on Bitcoin Dominance Analysis.
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Let's get to this 3-day chart!
In my last chart (i will leave the link below this idea) I posted the possibility of a bearish PA and the chart followed accurately.
We saw many altcoins showing positive rallies across the market.
Well, right now the dominance broke below the rising trendline and got multiple rejections from the top.
The PA is trading below the blue MA as well.
This candle closes below the blue MA is likely to confirm a bullish rally for the next few weeks.
A mini alt season is what I can call it for now.
As per this pattern, the index is likely to fall by 30% from the current level followed by a bounce on the support trendline.
This will give us 6 to 8 weeks of mini altseason.
INVALIDATION:- Close inside the channel or break above the red resistance cluster.
I'll be opening some long based on this logic, as USDT.D is also pointing towards some bearish move which is good for the market.
You do your own research before taking any trade.
What do you think?
Do let me know and hit the like button if you want me to post more of these updates.
Thank you
#PEACE
Reasons to Follow me?
*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
Let's get to this 3-day chart!
In my last chart (i will leave the link below this idea) I posted the possibility of a bearish PA and the chart followed accurately.
We saw many altcoins showing positive rallies across the market.
Well, right now the dominance broke below the rising trendline and got multiple rejections from the top.
The PA is trading below the blue MA as well.
This candle closes below the blue MA is likely to confirm a bullish rally for the next few weeks.
A mini alt season is what I can call it for now.
As per this pattern, the index is likely to fall by 30% from the current level followed by a bounce on the support trendline.
This will give us 6 to 8 weeks of mini altseason.
INVALIDATION:- Close inside the channel or break above the red resistance cluster.
I'll be opening some long based on this logic, as USDT.D is also pointing towards some bearish move which is good for the market.
You do your own research before taking any trade.
What do you think?
Do let me know and hit the like button if you want me to post more of these updates.
Thank you
#PEACE
Trade active
Told ya.... :)
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