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KEEP AN EYE ON USDT.D
Currently at major Resistance right now. The moment it breaks, it will be a blood bath for BTC and of course the entire crypto as wellπ.
Thankfully, Price currently rejecting the Resistance on Lower Timeframe. Hopefully it really doesπ
But why is this important?
Tether (USDT) Dominance shows how much percent of the money is on USDT. There is 2 cause of the increase of USDT dominance.
The first is that investors put cash on the market from the outside, which is due to the unfavorable weather in the market. And the second is again, as the market falls, investors withdraw their funds from cryptocurrency investments and put them to USDT. In both of them, a decrease in cryptocurrencies and an increase in USDT holders are observed.
As can be seen, it has an inverse correlation. As Bitcoin rises, Tether dominance has fallen, while Bitcoin has fallen, Tether dominance has entered an upward trend.
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Ape update....
FREE SIGNAL.....!!!
APE Long set up
Information is in the chart
Entry β> blue lines
Stop loss β> red line
Targets β> orange lines
Partial entry upon retest.
Full entry once a confirmation happen.
Good luck!!
This is the third time when btc bounce around at this area i see.
1 continuation pattern
2 support area
3 upper trendline touch and bounce back
4 expecting a Bounce back from here if daily closing above the 22.3k..
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See how market respect our analysis Perfect rejection from our trendline
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Simple a bearish flag pattern π₯Ή premium guyz know it already..
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BTC Idea
β Price rejected the 25k resistance
β Price rejected the MA 50&200
β MA 50&200 Death Cross
β Currently forming an uptrend channel
An Indeed correction happened but not the major one.
BTC must Hold the uptrend channel. If not, the 21.8k support is the last defense for the bulls.
Letβs keep it simple.
If BTC breaks the 21.8k support, 18k would be the next target.
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..
Broke out!
π’ BTC broke out of the bearish rising wedge!
The next crucial support sits at $21,386
π’Breaking the $20,000- 20,800 support would be bearish locally.
**As predicted p BTC successfully played out very well** β
π₯
- *You can read update once again for more clarity* βοΈ
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Crypto Signal
BTC/USDT
1st Tp hit
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Crypto Signals & market updates.. π
ETH (ANALYSIS)
ETH got rejected from horizontal resistance that is marked in the chart. If seller dominate here then ETH will melt to its horizontal support.
Daily Crypto Market Update:
β’ Fear and Greed Index = 51 (Neutral)
β’ Total Market Cap = 1.07 - Trillion
(0.80% decrease over the last day)
β’ BTC Dominance = 42.3%
β’ ETH Dominance = 18.8%
BTC (ANALYSIS)
BTC got rejected from resistance zone, now itβs coming towards its trend-line support as a retest. (Bullish OB) also there.
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