#STABLE DOMINANCE HITTING THE RESISTANCE! Whats's next?
Certainly hitting the resistance.
BTC needs to get above 32k . In case that doesn't happen, USDT Dominance is pointing towards lower levels in BTC.
So it's important to be careful here and staying in Stables is better than buying anything right now.
ALTS I won't touch right now and rather wait for confirmations.
Break and close above that orange trendline could lead to the real capitulation in throughout the crypto market.
Eventually a low lower than $26700, 20k to 21k? Well looking at the current situation that could happen.
So Let's watch closely that orange line.
Higher possibility:- Since, we have seen false breakouts in USDT Dominance since very long and it's already up 192%+ since the last 6 months, there's a possibility we can see a correction in this chart.
This will lead to the continuation in uptrend for BTC and altcoins. Key level is 38k in BTC.
These are my own observations and are not meant to be taken as financial advice.
Let me know your thoughts.
Thank you
#PEACE
BTC needs to get above 32k . In case that doesn't happen, USDT Dominance is pointing towards lower levels in BTC.
So it's important to be careful here and staying in Stables is better than buying anything right now.
ALTS I won't touch right now and rather wait for confirmations.
Break and close above that orange trendline could lead to the real capitulation in throughout the crypto market.
Eventually a low lower than $26700, 20k to 21k? Well looking at the current situation that could happen.
So Let's watch closely that orange line.
Higher possibility:- Since, we have seen false breakouts in USDT Dominance since very long and it's already up 192%+ since the last 6 months, there's a possibility we can see a correction in this chart.
This will lead to the continuation in uptrend for BTC and altcoins. Key level is 38k in BTC.
These are my own observations and are not meant to be taken as financial advice.
Let me know your thoughts.
Thank you
#PEACE
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