BTC bounced pretty well from the bottom trendline,homever I think that we will have pullback to lower demand zone on 1d tf (area that cause higher high to created)
Here are 2 reasons why I think it will happen:
1. USDT DOMINANCE DIDNT REACH ITS SUPPLY ZONE ON 4H TF
It needs to reach it so dominance can start to fall and allow market to go up.
tradingview.com/chart/USDT.D/lhXDXaAJ-MARKET-TURNING-BULLISH-IN-FEW-DAYS/
(For those of you who dont know about it:
Usdt dominance is precent of usdt mcap compared to whol crypto marketcap and these 2 are very well conected.
When usdt dominance is going up,btc and altcoins are going down, and usdt.d looks like btc chart turned upside.)
2.BTC DIDNT REACH LOWES POINT THAT CAUSED BOS
When break of stcutre happens on bigger tfs, BTC mostly go to lowest point that caused the previous high to be broken, same works for supply zones.
Overall market is pretty bullish,btc made higher high on 1d timeframe and there is also possibility that btc doesnt go to this are and continue to respect channel its been following for a last few weeks.
If any of my signals or analysis bring you income,Id be happy if you could donate it to some of the charities,there is bunch of them that accept crypto payments.
Remember its not about how much you donate its will to do it. Every cent helps people in need .
Here are 2 reasons why I think it will happen:
1. USDT DOMINANCE DIDNT REACH ITS SUPPLY ZONE ON 4H TF
It needs to reach it so dominance can start to fall and allow market to go up.
tradingview.com/chart/USDT.D/lhXDXaAJ-MARKET-TURNING-BULLISH-IN-FEW-DAYS/
(For those of you who dont know about it:
Usdt dominance is precent of usdt mcap compared to whol crypto marketcap and these 2 are very well conected.
When usdt dominance is going up,btc and altcoins are going down, and usdt.d looks like btc chart turned upside.)
2.BTC DIDNT REACH LOWES POINT THAT CAUSED BOS
When break of stcutre happens on bigger tfs, BTC mostly go to lowest point that caused the previous high to be broken, same works for supply zones.
Overall market is pretty bullish,btc made higher high on 1d timeframe and there is also possibility that btc doesnt go to this are and continue to respect channel its been following for a last few weeks.
If any of my signals or analysis bring you income,Id be happy if you could donate it to some of the charities,there is bunch of them that accept crypto payments.
Remember its not about how much you donate its will to do it. Every cent helps people in need .
