Daily Update on BTC USDT BINANCE
Greetings,
So previously we had made a "test" predicition about BTC reclaiming 6700 after it was compressing... More signs pointed towards downwards however it was clear that it was not a strong probability of up.
Currently we have settled near a temporary bottom and we should expect at least 10 hours of sideways.
USDT pairings are troubling as of late, as the massive clear out of USDT holdings into BTC (theory as to why the 7k + spike) gives a great unease throughout the market. On this day BTC is effecting the alts more than it has the past few days so we should take a pause here to consider closely where all the alts are at in regards to BTC.
Many alts on Binance have attempted to show a bottom and produce a rally, leaving many in a position that has the appearance of upward channel yet we cannot be certain of that. With BTC and USDT drama we may be facing a scenario whereby many of these alts attempts to reverse will be challenged soon. However in the meantime we should expect roughly half a days worth of BTC going sideways and testing this level. If it drops i would expect many of the alts which have been reaching northwards to stall their gains or drop back down.
In the mean time... Watch closely. Because BTC is irrational and at anytime it can be pumped by large wallet holders.
This market is a battle! Stay Focused and Start Winning!
So previously we had made a "test" predicition about BTC reclaiming 6700 after it was compressing... More signs pointed towards downwards however it was clear that it was not a strong probability of up.
Currently we have settled near a temporary bottom and we should expect at least 10 hours of sideways.
USDT pairings are troubling as of late, as the massive clear out of USDT holdings into BTC (theory as to why the 7k + spike) gives a great unease throughout the market. On this day BTC is effecting the alts more than it has the past few days so we should take a pause here to consider closely where all the alts are at in regards to BTC.
Many alts on Binance have attempted to show a bottom and produce a rally, leaving many in a position that has the appearance of upward channel yet we cannot be certain of that. With BTC and USDT drama we may be facing a scenario whereby many of these alts attempts to reverse will be challenged soon. However in the meantime we should expect roughly half a days worth of BTC going sideways and testing this level. If it drops i would expect many of the alts which have been reaching northwards to stall their gains or drop back down.
In the mean time... Watch closely. Because BTC is irrational and at anytime it can be pumped by large wallet holders.
This market is a battle! Stay Focused and Start Winning!
Feragatname
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