If you look at the current position of BTC,
On the chart of the XBTUSD, it is well below the downtrend line, and on the chart of the BTCUSD, it is on the uptrend line.
In addition, BTC's dominance is inflection around November 21, so volatility is expected to be high.
USDT's dominance is close to 1.92, and as you move above 1.92, a lot of money is expected to come out of the coin.
In the short term, the situation should be checked by around November 26th.
It's a good idea to collect all the money and watch the situation, but you may not be able to buy it when you go up, so be cautious about trading.
On the chart of the XBTUSD, it is well below the downtrend line, and on the chart of the BTCUSD, it is on the uptrend line.
In addition, BTC's dominance is inflection around November 21, so volatility is expected to be high.
USDT's dominance is close to 1.92, and as you move above 1.92, a lot of money is expected to come out of the coin.
In the short term, the situation should be checked by around November 26th.
It's a good idea to collect all the money and watch the situation, but you may not be able to buy it when you go up, so be cautious about trading.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
Related Ideas
Bitcoin
readCrypto
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about XBTUSD.P