𝐌𝐲 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞 𝐎𝐧 𝐂𝐫𝐲𝐩𝐭𝐨🏆

Chart 1: Bitcoin Analysis (BTC)

Over the weekend we closed as a 2 Doji’s that retested the bull flag and closed above. Currently, we are also forming a Doji above the bull flag.

Currently, the volume on the OBV is showing bullish divergence and the RSI is in convergence.

The market structure on the macro scale is bearish, as we have not created an HH yet.

Chart 2: USDT Dominance (USDT.D)

Over the weekend we closed as 2 Doji’s, below resistance. We are currently forming a Doji above support.

Currently, the OBV is showing bearish divergence and the RSI is showing bearish divergence.

The market structure on the macro scale is bullish, as we have created an HH. However, we need HL to confirm its continuation.

Chart 3: Altcoin Market (OTHERS.D)

Over the weekend we closed as 2 Doji’s bouncing at support. Currently we are forming a Doji above support.

Currently, the OBV is showing bullish divergence, and the RSI is showing bullish divergence.

Market structure on the macro scale is bearish as we have an LL.

Chart 4: BTC Dominance (BTC.D)

Over the weekend we closed as a Doji, bear hammer below the uptrend line still. Currently, we are forming a bear candle below the resistance.

Currently, the OBV shows bearish divergence and the RSI shows bearish divergence.

Market structure on the macro scale is still bullish as we have created an HH and an HL will confirm.

As I’ve said before, if you don’t like to take on a lot of risk then I wouldn’t recommend buying alts until:

✅ BTC.D forms bearish market structure.

✅ OTHERS.D creates bullish market structure with volume backing which we still don’t have.

I still believe “Alt season” is coming but to be honest we are not looking great right now.

I hope you’re all ready for this year’s Bull Run it is going to melt faces if everything goes to plan.

So far, the Bull Flag on BTC has played out, USDT.D's has created an LH & LL and I really like that BTC.D has rejected the uptrend line.