I am really surprised how folks don’t care about USDT channel. Or maybe they don’t know it. It is near at its bottom and it has been into this channel for 4 years. When it hit the bottom, it will goes up rapidly and market will crash quite badly like we had in May 2021.
ICWBull
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@Ehsan_1982, can you explain what you mean by USDT channel? Where can I find this? What does it show?
despite the current upmovement and bullish short term trend, the long term market structure is bearish. Also we have bearish divergence... I think it is going to be bloody one again. Maybe then another restest of the resistance level...
Babenski
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@maroff, for alts yes because dominance in increase ..but for BTC it can rise high if hold this area
Ehsan_1307
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@Babenski, How you can say that when u can see USDT is at its channel bottom
@maroff, These whales have made fool out of everyone and charts have been thrown out in trash for quite some time now. This long term bearish trend doesn't work if you are here to make money. In short term people are making money and whoever thinking and sitting for a retrace are those who missed btc at 28 first then 29 then 32 then 34 and now giving themselves a pat of comfort.
kskane
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@maroff, Agreed, think we still abc correction on the larger picture. Think big money still accumulating!