IS THIS BULL MARKET OVER ? Not yet here's what you need to know!
Updated
I'll just keep it short,
USDT.D is hitting the long-term resistance around 4.87.
Break above and close above this level means the beginning of the bear market which will eventually lead to the break below the 30k level.
Whereas, rejection could take BTC to 43k+ level again.
35k also happens to be monthly support which makes it quite important.
if BTC manages to hold 35k by Jan month's close the cycle will stay intact.
Currently, there's too much manipulation in the market and things are still uncertain.
This chart is the best indicator for the market direction.
Better use it in HTF.
Rejection is the key to new ATH, less likely but still possible as long as BTC is trading above 28k to 32k area.
What to do?
Wait for the right time.
We have been sitting aside and waiting for the right time to trade since BTC broke below 53k.
This decision helped us to save a lot of funds.
Your priority should be to protect your funds and avoid leveraging here.
My message to you will be to relax and Don't stress too much about money
Try to get engaged in things you love, it could be going on vacations, trekking, learning some new hobbies, hitting the gym.
Just take your time and don't give up!
Thanks for reading.
USDT.D is hitting the long-term resistance around 4.87.
Break above and close above this level means the beginning of the bear market which will eventually lead to the break below the 30k level.
Whereas, rejection could take BTC to 43k+ level again.
35k also happens to be monthly support which makes it quite important.
if BTC manages to hold 35k by Jan month's close the cycle will stay intact.
Currently, there's too much manipulation in the market and things are still uncertain.
This chart is the best indicator for the market direction.
Better use it in HTF.
Rejection is the key to new ATH, less likely but still possible as long as BTC is trading above 28k to 32k area.
What to do?
Wait for the right time.
We have been sitting aside and waiting for the right time to trade since BTC broke below 53k.
This decision helped us to save a lot of funds.
Your priority should be to protect your funds and avoid leveraging here.
My message to you will be to relax and Don't stress too much about money
Try to get engaged in things you love, it could be going on vacations, trekking, learning some new hobbies, hitting the gym.
Just take your time and don't give up!
Thanks for reading.
Note
Dominance getting rejected from the resistance zone as speculated.Note
Played nicely. BTC is likely to rally all the way to 53k.
Daily Signals:- telegram.me/thecryptorphic
Coincatch:- bit.ly/15000USDTBonus
Bingx:- bit.ly/4000USDTBonus
MEXC : bit.ly/get9100usdt
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Coincatch:- bit.ly/15000USDTBonus
Bingx:- bit.ly/4000USDTBonus
MEXC : bit.ly/get9100usdt
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Related publications
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.