Hello everyone.
The entire crypto market is about to face a crucial decline.
There are many technical ways to show it.
I'm here today to show you one of them.
One of the best ways of examining the crypto market is checking the stablecoin dominance.
The most famous way to do it is simply looking at the USDT.D chart, which is extremely bullish right now.
The problem with that is, if stablecoin dominance is rising, it means the market is going down. Also vice versa.
We can also combine them to see more complex details to understand what is about to happen in the near future.
Right now, you're looking at the “USDT.D + USDC.D” chart, so they are combined.
The problem here is, this chart is extremely bullish on the weekly timeframe.
It means extremely bearish for the entire crypto market.
There is a very common pattern known as a “triple bottom,” which is about to break. Moreover, a broken trendline on the weekly timeframe simply means that the trend is not likely to end very soon.
We might be witnessing a very bearish market next year.
Be prepared.
Good luck.
The entire crypto market is about to face a crucial decline.
There are many technical ways to show it.
I'm here today to show you one of them.
One of the best ways of examining the crypto market is checking the stablecoin dominance.
The most famous way to do it is simply looking at the USDT.D chart, which is extremely bullish right now.
The problem with that is, if stablecoin dominance is rising, it means the market is going down. Also vice versa.
We can also combine them to see more complex details to understand what is about to happen in the near future.
Right now, you're looking at the “USDT.D + USDC.D” chart, so they are combined.
The problem here is, this chart is extremely bullish on the weekly timeframe.
It means extremely bearish for the entire crypto market.
There is a very common pattern known as a “triple bottom,” which is about to break. Moreover, a broken trendline on the weekly timeframe simply means that the trend is not likely to end very soon.
We might be witnessing a very bearish market next year.
Be prepared.
Good luck.
Transaction en cours
Note
Sadly, %70 of the road has been achieved.Trade fermée: cible de profit atteinte
One last pump, then the bullrun begins. Whoever followed this analysis, I'm greatfull.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.