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Cryptorphic
Jan 22, 2022 8:53 AM

IS THIS BULL MARKET OVER ? Not yet here's what you need to know! Short

Market Cap USDT Dominance, %CRYPTOCAP

Description

I'll just keep it short,
USDT.D is hitting the long-term resistance around 4.87.
Break above and close above this level means the beginning of the bear market which will eventually lead to the break below the 30k level.
Whereas, rejection could take BTC to 43k+ level again.
35k also happens to be monthly support which makes it quite important.
if BTC manages to hold 35k by Jan month's close the cycle will stay intact.
Currently, there's too much manipulation in the market and things are still uncertain.
This chart is the best indicator for the market direction.
Better use it in HTF.
Rejection is the key to new ATH, less likely but still possible as long as BTC is trading above 28k to 32k area.

What to do?
Wait for the right time.
We have been sitting aside and waiting for the right time to trade since BTC broke below 53k.
This decision helped us to save a lot of funds.
Your priority should be to protect your funds and avoid leveraging here.


My message to you will be to relax and Don't stress too much about money
Try to get engaged in things you love, it could be going on vacations, trekking, learning some new hobbies, hitting the gym.
Just take your time and don't give up!


Thanks for reading.

Comment

Dominance getting rejected from the resistance zone as speculated.

Comment

Played nicely.
BTC is likely to rally all the way to 53k.
Comments
Gambling
agreed
AlkalineFX
MOON
amaanthink
Hii dear why you block me from your Twitter just because I show you the mirror because of you many people wear lost their money in pasta swap many time I already ask to you is this good aur not you told iam holdin it's good you are giving pasta call again and again and now you no guts to face ous and you start blocking ous shame on you brother
junbao
your calls are usually good. i follow you on Tele and Twitter. keep it up
FuroTV
To the moon 😂
Visitor783
I just love your neutrality bro! GJ and thanks for sharing! 🤜🤛
Cryptorphic
@Visitor783 Thanks mate
suvny21
btc skyrocket, 33k is bottom
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