The USDT.D is 90% in a reversal trend
The USDT.D is 90% in a reversal trend based on the Q cycle. This could be a confluence with the Post having rally.
A break below 5.8% could trigger some serious fireworks for alts in the following months.
Most alts have now gotten above their 18M support, which is the June 2022 support after the Luna Debacle
I would suspect that by June 2024, the majority of alts could be well above the June 2022 lows and at the same time above their M21ema.
Therefore, this Q4 could continue to be the ultimate time frame for positioning into alts. Get in early get out early. No need to peak tops and bottoms.
Altcoins bull market is generally 6-12M after they get back above their M21ema.
And most alts are still below their M21ema, and TOTAL2 has not been able to close a candle above its M21ema since April2022, which is 19Months ago (its currently Nov2023).
This is a sign that alts are still extremely undervalued. Many top100 coins ON THE COINMARKETCAP are still 90-95% DOWN from their ATH
BTCUSDT tends to peak between 12-18M after the Halving.
Therefore, first peak, as expecting, could be in Q2 2025, and the second peak could be in Q4-2025. As off, dont have any hints if it will be a double top, a higher high or Lower high.
A break below 5.8% could trigger some serious fireworks for alts in the following months.
Most alts have now gotten above their 18M support, which is the June 2022 support after the Luna Debacle
I would suspect that by June 2024, the majority of alts could be well above the June 2022 lows and at the same time above their M21ema.
Therefore, this Q4 could continue to be the ultimate time frame for positioning into alts. Get in early get out early. No need to peak tops and bottoms.
Altcoins bull market is generally 6-12M after they get back above their M21ema.
And most alts are still below their M21ema, and TOTAL2 has not been able to close a candle above its M21ema since April2022, which is 19Months ago (its currently Nov2023).
This is a sign that alts are still extremely undervalued. Many top100 coins ON THE COINMARKETCAP are still 90-95% DOWN from their ATH
BTCUSDT tends to peak between 12-18M after the Halving.
Therefore, first peak, as expecting, could be in Q2 2025, and the second peak could be in Q4-2025. As off, dont have any hints if it will be a double top, a higher high or Lower high.
The usdt.d has officially hit the 5.8% target while btcusdt hitting 0.618fib (39-41k).
Will monitoring closely, to see if the momentum will continue downward or if it will pull back up.
If the dominance continue to trend down, the next temporary potential support is 4.8-4.5%
On the Monthly RSI, it has hit below a Critical level, which is the RSI 50