Bitcoin's dominance looks bullish again. On the daily chart, I see a cup with a handle, on the 4-hour chart, I see a flag, so I expect a market decline in the near future. I hope we find a local bottom for Bitcoin at 88800, and for Ethereum at 1600. If the bears break these levels, it will be another bloody massacre. I myself got burned badly, forgot about dominance, and bought Strk, you could say at the highs, it looked like an ascending triangle with a breakout, but then it flew down and hit Lumia. Once again, I am convinced that patterns do not always work in the direction we want.
Ethereum has broken out of the downtrend against Bitcoin and is currently testing it. I think today or tomorrow we will see Ethereum fly up, let's hope for that🤞🤞
Yesterday I wrote that the market would go down and I fell into the trap myself on the rebound and sharp decline😅
My opinion is to wait it out for now. It's too late for a long position and too early for a short one (we need to wait for a downtrend for confirmation). Everything is overbought, many are showing highs on the small one-hour and two-hour timeframes. For growth to continue, a healthy correction is needed, or a consolidation in a range. In my opinion, Bitcoin should go down to 88600, and Ethereum to 1660. I'm generally not a fan of futures, 5% of my wallet is only in futures, and everything else is in spot in my copy trading, and right now I'm 100% in USDT. I will wait today, maybe I will enter on clear bullish patterns, and tomorrow I will think about buying.
Wishing everyone good trades and good profits, dear ones.
Bitcoin's dominance still doesn't look very good, a bullish pattern is forming, I expect further market declines. Yesterday, due to good news, I lost a bit of money, a strange situation happened yesterday, of course. I think Bitcoin will test 74k again, maybe even below the previous ATH of 73700, and then it will start to rise, just my opinion. In previous times, the forecasts came true, so whether to believe it or not is up to you, haters I think have already convinced themselves. I myself hope that I am wrong, as I said, I have been in positions for a long time and sold most of it just before the April declines, when I wrote that the market would fall. I'll show my cards, I have only 5k left from 15k. So no matter what I say, I still really hope that the market will start to rise. I held for a long time and my forecasts helped me avoid my wallet dropping even lower and I gradually bought back during the declines.
I expect another 2-3 days of volatility and then everything will be calmer, unless of course our ginger rebel Suetts stirs things up again) It seems like everything has already globally ended according to his plans.
Placed limit buy orders at these prices. The percentages are a decrease from the current prices. I mathematically calculated based on Bitcoin's dominance, the structure, and the pattern of these models, so I believe that the decline in the coming days will reach these levels, and then there will be growth. I apologize for the handwriting) I hope I will be right this time too; honestly, the market has already worn me out, but we are holding on.
Placed limit buy orders at these prices. The percentages are a decrease from the current prices. I mathematically calculated based on Bitcoin's dominance, the structure, and the pattern of these models, so I believe that the decline in the coming days will reach these levels, and then there will be growth. I apologize for the handwriting) I hope I will be right this time too; honestly, the market has already worn me out, but we are holding on.
I am still bearishly inclined, the dominance looks like a breakout of a handle or a wedge or something, and its retest. Now I am waiting for its rebound and the market to fall to 73-75k. That's what I think, but I hope I am wrong. Many are already showing signs of overbought conditions, and the growth is occurring within a range, so another drop may lead to a long squeeze and then further growth.
I am still bearishly inclined, the dominance looks like a breakout of a handle or a wedge or something, and its retest. Now I am waiting for its rebound and the market to fall to 73-75k. That's what I think, but I hope I am wrong. Many are already showing signs of overbought conditions, and the growth is occurring within a range, so another drop may lead to a long squeeze and then further growth.
I think the upcoming correction, which will happen, I don't know exactly when, but I expect it to be the last one next week because many, at least the altcoins I follow on daily time frames, have broken the descending trend and the correction will be like a retest of this descending trend and from there it will gradually rise, possibly with some spikes, until May.
Smells like a trap🫢🫢🫢 It's as if they're herding people into longs before taking a sharp dive on the news about the rate. If they lower it, we'll shoot to the moon; if they don't lower it, we'll go down to gather liquidity, and then we'll rise from there. It's too suspicious; usually, before such data, the market is typically quiet, but today it suddenly started moving. If we do continue upward on positive news, I'll wait for a local correction and then I'll buy in.
Regarding my previous post about dominance, I turned out to be right, unfortunately. At the moment, the Bitcoin chart looks like an inverted cup with a handle to me, the breakout of the handle, its retest, and now we might touch 84000 and then fly down to 73000. For altcoins, it's clearly visible that most have a bearish wedge, and I also think there will be a drop of 15-20%. I hope I'm wrong.
I really dislike how Bitcoin's dominance looks. It seems like it wants to make a double top, like on February 3rd. I hope I’m wrong. It's certainly a tedious range. Adam and Eve with a breakout and retest, a cup with a handle, I don’t know which pattern fits best, but it really doesn’t look good. I’m waiting for a drop to the 20s in March, and from there a strong rise until May-June, followed by another correction for 2-3 months and then growth again.
Either the market is finished, or this is a brutal bear trap.. I have never been in such panic, not even in 2021 was there such a strong drop on a weekend..
Well, dominance has soared into space again.. well.. let's hope that if there is another drop in Bitcoin, then dominance will fall too.. $BTC $ETH $SOL
Oh, I don't like this... Bitcoin dominance is drawing a scary graph... Alta is likely to fall even lower in the next few days.. Unless Trump says something about Ethereum today..