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$USDT DOMINANCE USDT.D declined sharply following a breakdown and successful retest of the rising wedge pattern, which was followed by a strong bullish rally in the overall market. Currently, it is trading within a bearish rectangle, indicating the potential for further downside. As USDT.D typically moves inversely to the market, a continued decline would likely signal gains across the market.
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𝐒𝐞𝐥𝐥 𝐢𝐧 𝐌𝐚𝐲? Historically, the SPX500 has underperformed between May-October, averaging around 𝟏.𝟐% compared to 𝟒.𝟖%from November-April. That’s where the old saying “Sell in May and go away” comes from. But this trend has become less reliable over time. Today, markets are influenced more by macro policy, earnings and liquidity than by seasonality. Plus, moving in and out of the market can lead to extra taxes and missed opportunities. What about Crypto? $BTC performance May-Oct over recent years (approximate): 2017: +𝟑𝟖𝟕% 2018 (bear): –𝟑𝟏% 2019: +𝟕𝟎% 2020: +𝟔𝟎% 2021: +𝟔% 2022 (bear): –𝟒𝟕% 2023: +𝟐𝟕% 2024: +𝟏𝟗% Crypto market cap during the same periods (approximate): 2017: +𝟒𝟑𝟑% 2018 (bear): –𝟒𝟗% 2019: +𝟑𝟗% 2020: +𝟔𝟎% 2021: +𝟏𝟑% 2022 (bear): –𝟒𝟒% 2023: +𝟏𝟕% 2024: +𝟖% There’s no consistent seasonal weakness here and in fact some of crypto’s biggest gains have happened mid year. This space tends to move on liquidity, sentiment, narratives and adoption. It’s important to always have a holistic view. Feel free to drop your thoughts below 👇🏼 What 's your game plan these coming months? #TraidingPlan #Crypto #SPX500 #Cryptolinhio
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Here’s how I see it. The rally is coming and we’ll hit new all time highs this year. $ETH , currently the most disliked, will be the favourite as it leads altseason. Memecoins will take the spotlight once more and even NFTs will have their moment again. The past few months have tested the most resilient and shaken out even the seasoned. We’ve seen time and time again investors swing from fear to euphoria in an instant. Psychology at work. The stage is set for a strong comeback and likely more, before the year is out. Just thinking out loud here, not financial advice. I’m currently looking at $ADA which I believe will perform very well this cycle. Catch up again soon 👩🏻💻☕️ #ETH #ADA #Cryptolinhio
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