alt season time recognizing method"not suggested to buy or sell"
nowadays lots of people make more loss in their trade because of unknown trend in cryptocurrency market and lots of fluctuations happening in the market so what is the solution ? in this passage i gonna make some discussion about a chart that shows coins trend clearly in addition with minimum deviation.
take a look at usdt dominance chart shown above illustrates a portion of liquidity in coins and usdt. obviously when usdt dominance growth it means markets trend is bearish vise versa in upward trend. in addition i should clear that btc dominance has a different meaning versus usdt dominance.
know as it shown in the chart usdt dominance didn't cross the resistance zone (4.5-5) furthermore price action knowledge conveys that last candles sizes becoming small and seems getting weaker than previous one which implies maybe another alt season is on the way .
in return if usdt dominance crosses resistance and holds the position above the resistance then this is a time that absolute bearish market happening and a massive drop to all coins even btc will predictable.
take a look at usdt dominance chart shown above illustrates a portion of liquidity in coins and usdt. obviously when usdt dominance growth it means markets trend is bearish vise versa in upward trend. in addition i should clear that btc dominance has a different meaning versus usdt dominance.
know as it shown in the chart usdt dominance didn't cross the resistance zone (4.5-5) furthermore price action knowledge conveys that last candles sizes becoming small and seems getting weaker than previous one which implies maybe another alt season is on the way .
in return if usdt dominance crosses resistance and holds the position above the resistance then this is a time that absolute bearish market happening and a massive drop to all coins even btc will predictable.