Last week closed as an inverted hammer and this was the "last hooray".
EMA50 still stands as support but we have multiple lower highs since June 2022.
The weekly MACD just entered the bearish zone:
The weekly RSI is also showing a strong bearish bias:
All the USDT (Tether) will be used to buy Bitcoin and Altcoins.
Here we can see clearly on the daily timeframe how MA200 has been lost as support:
Below this level Tether Dominance is always bearish.
Notice bear volume being at its highest since November 2022 when USDT.D started to decline.
The next drop will send USDT.D to around 4.81%, a major drop. This is the level it traded at around April 2022, this would mean Bitcoin trading at about $40,000.
There is strong support at this level just as Bitcoin will face strong resistance at 40k.
Everything is pointing in the same direction... Bitcoin will grow like the world is ending... But the world isn't ending, it is just the end of an era where a new financial system will emerge.
✔️ Bitcoin is the future of money. ✔️ Cryptocurrency is the future money.
✔️ Bitcoin is the present of money. ✔️ Bitcoin is very likely to save us from another 2008.
I love your way of analyzing, I love the words you use. You made me fall in love with this crypto world in summer 2020, transmitting to me your passion, your sagacity, your trust, hope and perseverance in this revolution. I can't thank you enough Alan. You'll deserve a percentage when the time comes ;) All my gratitude. Namaste
AlanSantana
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@OG_cRoW, Wow my friend, that's great. I love to be of help and a positive inspiration to others.
Thanks for sharing these words as they help me to keep on going. 🙏
Namaste.
OG_cRoW
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@AlanSantana, Now let's turn the old financial system upside down! hahahah