P_S_trade

BTC trade, BTC&USDT dominance analysis. When will the altseason?

P_S_trade Güncellendi   
WHITEBIT:BTCUSDT   Bitcoin / Tether US
Do you think such a medium-term trade will work for BTCUSDT?
Entry $29170
Stop $27999 (-4%)
Take profit $32450-32750 (+18%)
Potential profit/loss ratio = 4.5/1

The purple trend line since the beginning of the year is at $28350, stop at -1% below it in case of a squeeze.

USDT dominance is in the middle of a multi-month consolidation.
* USDT.D's upward movement to 8.20% will signal an exit from the cryptos to the stablecoin and, accordingly, altcoins will have a chance to lose another -20-40%
* USDT.D's downward movement to 6.90% will give a "fresh breath of oxygen" to altcoins and allow them to organize a mini growth.
Only below 6.90% can the alt-season begin.

BTC dominance is now above the important 49% level.
A signal that capital from BTC has begun to flow into altcoins will be consolidation of this indicator below 49%. And a drop to 44%-42% will only "heat up" the possible and long-awaited altcoin season.

This is all theory) But in practice, everything changes hourly, and our/yours assumptions should be insured by stop orders.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
İşlem aktif:
It looks like BTC.D and USDT.D are starting to curve down. It is not clear how long this will last, but at least a short-term rebound up of certain altcoins can be expected.

🎁 -10% on ALL trading fees OKX
www.okx.com/join/10pstrade

🔥V-I-P cutt.ly/PwkLhT56

👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s

🔵Telegram t.me/pstrade_eng

Benzer Fikirler

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.