The #USDT dominance is still ranging in an upwards channel since the begging of this year, a break below the channel could mean a strong upward movement throughout the whole market.
This will start dropping at the same time with the #BTC dominance, as I've shown in my previous post, and this could mean the begging of the long awaited #altseason
However, the market is not yet ready for a parabolic run, or the famous 'banana zone'. We still have to wait for Trump's tariff speech on 2nd of April.
On top of that we have to consider that the FED still has to cut some interest rates for people to start spending money, as we are in QT at the moment and slowing down, we still need to wait for a while for QE to happen.
That's when the real wealth will be made. Patience is key here. Stay safe.
Sharing insights, not financial advice. Make your own decisions!
Your journey should not be quick, whenever you feel fear, uncertainty and doubt (FUD), just zoom out and see the bigger picture.
Corrections or pull backs are natural for every asset, so if your portfolio goes down with it just remember that the market rewards the disciplined and patient.
If you're in this for quick cash you will fail, you have to be in the right mindset to make money in this space.
The sooner you realise trading and investing are two separate things, the better for your wallet.
Sharing insights, not financial advice. Make your own decisions!
#BTCDOM keeps breaking the upwards trend lines, it has failed to go back above 62% so now it should be going back to 60%, this is also good for Altcoins.
Going short with small leverage and tight SL around 61.8% all the way down to 60% should be a sure thing.
Consider holding for at least a week or two.
Sharing insights, not financial advice. Make your own decisions!
This is my first post here, I've been into this space since 2021 top, where i started investing, and obviously losing a lot of money as I entered the top as FOMO kicked in.
Being here for a while now I've tried everything there is and I lost a lot of money trading futures, mostly revenge trading, overtrading, high leverage, no stop loss, and the list goes on.
I have also lost money investing from an online guru shilling a coin, or scammed with NFTs, or giving permissions on my Metamask without realising until my wallet was empty and all my staked CAKE (as an example) got stolen. Tried everything from yealding tonlending to staking to NFTs and plots of land in metaverse and playing web3 games.
All I can say is that nothing will ever beat any of the above more than simply doing DCA (dollar cost average) over a longer period of time.
To add on top of it, if you educate yourself, regarding bitcoin cycles, correlation between traditional markets and crypto markets, price action, naratives, news, if you simply learn the basics like support and resistance, fibonacci, and trend lines, and if you learn to control your emotions, learn patience and discipline, you can succeed in this space.