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EssentialThere is also a wedge formation for ETH. For ETH, this drop is 18%. Scary..
There is such a formation in USDT dominance and it is about to break. Often, to trigger this type of formation, they first do the opposite and then start it. It is worth being careful. Don't be in a heavily loaded coin.
On the TOTAL3 chart (which is an indicator of the market value of all coins other than Bitcoin and Ethereum), a head-and-shoulders pattern has formed and is now active. This means that we will see a rise in altcoins.
BUY 22.2 SECOND BUY 21.4 TP 23.5 Normally, if it drops 5% after the second purchase, I stop. Read BIO for more.
BUY 165 SECOND BUY 158 1.TP 173 2.TP 178 Normally, if it drops 5% after the second purchase, I stop. Read BIO for more.
Looking at the ETH daily chart, we see a flag formation. If it breaks, it could take us to 3500.
Bitcoin dominance potential move. This would be good for altcoins. Unless of course it takes Bitcoin with it
Bitcoin's likely move scares me. Let's be careful. Bitcoin dominance could also move with this decline.
I don't like USDT dominance. There is a megaphone formation. Many indicators are warning of a market decline. Let's be careful.
If Bitcoin breaks 110k, there are targets of 111-114-118k
If Bitcoin doesn't hit 92.5k, it will hit 88k. These levels are important for us.
Ethereum is currently in a downtrend, but I want to predict where it will come back from. The area I mentioned has both an imbalance and an indecision candle. This means that 1680-1700 is an important support for us. We have fallen too much, that's enough. I will try to increase my analysis and add value to you.
If the dominance channel breaks down, the market will rise. We could see 86-89k in Bitcoin
This is the version that scares me. There is also a flag here and a breakout to the upside would cause a 10% drop in Bitcoin. It is worth watching and being careful.
Our next targets will be 80-78k. Of course, 80k is also an important support for us. What do you think?
The decline seems to be continuing. Our targets are 1750-1700-1630.
ETH bounced off the important resistance at 2030. It will either go to 2150 or back to the channel bottom. What do you think?
I'm back. We're at a decision point for Bitcoin. If this flag breaks to the upside, we're at 92k. Otherwise, we'll see 82k.