USDT.D, Alts
I did not expect to go higher than 4.13%, but uncertainty in the market will lead to more extreme volatility. Everyone is jumpy and on edge.
Hoping to keep it simple and see a breakdown near the next whole numbers. February should be a good month as we travel down to 3%, as the stage is set politically with green lights everywhere. There has been so much capitulation in crypto since November outside of BTC, that we're gearing up for another big run in alts, specifically meme & AI. Research jellyjelly and venmo for the next big narrative.
As an example: ETH has taken a beating and has not been performing, and everyone is grave dancing all over it. Go look up articles from September - it's the same pattern, and the same outcome is imminent. You can see what occurred in the chart :)
It's hard to know, and likely not worth it, to try to predict too far in the future given the anomalies and first precedents we are seeing in governments and currencies this last 12 months that are causing shakeups in the market. If I had to guess a USDT.D roadmap: a move up in March and some consolidation in April/May, then in June/July visiting the 2% level. Very similar to October run up into mid-November with 2 months of consolidation to the point we are at now.
Conviction will pay off, but the game is one day at a time. When emotions are high, expressed through price action, it can be best to take the place of the observer and sit on one's hands.
Hoping to keep it simple and see a breakdown near the next whole numbers. February should be a good month as we travel down to 3%, as the stage is set politically with green lights everywhere. There has been so much capitulation in crypto since November outside of BTC, that we're gearing up for another big run in alts, specifically meme & AI. Research jellyjelly and venmo for the next big narrative.
As an example: ETH has taken a beating and has not been performing, and everyone is grave dancing all over it. Go look up articles from September - it's the same pattern, and the same outcome is imminent. You can see what occurred in the chart :)
It's hard to know, and likely not worth it, to try to predict too far in the future given the anomalies and first precedents we are seeing in governments and currencies this last 12 months that are causing shakeups in the market. If I had to guess a USDT.D roadmap: a move up in March and some consolidation in April/May, then in June/July visiting the 2% level. Very similar to October run up into mid-November with 2 months of consolidation to the point we are at now.
Conviction will pay off, but the game is one day at a time. When emotions are high, expressed through price action, it can be best to take the place of the observer and sit on one's hands.
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.
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.