Bitcoin / Tether
āļĨāļ”āļĨāļ‡

ðŸ…ąïļ Correction Confirmed Within 24-48 Hours

āļ—āļĩāđˆāļ­āļąāļ›āđ€āļ”āļ•:
Not much time left... Someone that has not been posting in a while and who admitted to join the bullish wave late is calling for a continuation of the bullish trend.

Whenever someone comes in late and calls for the continuation of the trend with very bad timing the exact opposite tends to happen.

This is an unconventional signal yet a reliable one. There isn't much time left.

The truth is that Bitcoin continues to produce lower highs, failing to push prices higher.
The last peak has not been challenged once, each bounce ends before reaching it.

The biggest bear volume on a daily bases came in 2 days after the peak, 11-Dec. This is the highest sell volume Bitcoin have seen daily since April.

➖ BitcoinSV tends to grow when Bitcoin peaks.
➖ Perpetual Protocol tends to grow when Bitcoin falters.
These two went bullish recently.

Correction is now confirmed and might start Friday, 29-December 2023.

Namaste.
āļšāļąāļ™āļ—āļķāļ
When BNBTC goes up, BTCUSD goes down (inverse correlation).

I remember this clearly, when Bitcoin was crashing in 2022, BNBBTC was in a bull-market, higher highs and higher lows.

As Bitcoin recovered in 2023, BNBBTC was in a bear-market, lower lows and lower highs.

Now BNBBTC is having a major bullish breakout (going up)...
It is likely that BTCUSD is going down...

March-November 2022 | BNBBTC goes up
āļŠāđāļ™āļ›āļŠāļ­āļ•

BTCUSD goes down
āļŠāđāļ™āļ›āļŠāļ­āļ•
___


December 2022 - December 2023 | BNBBTC goes down
āļŠāđāļ™āļ›āļŠāļ­āļ•

BTCUSD goes up
āļŠāđāļ™āļ›āļŠāļ­āļ•
___

December 2023 - ??? | BNB goes up
āļŠāđāļ™āļ›āļŠāļ­āļ•

BTCUSD goes down
āļŠāđāļ™āļ›āļŠāļ­āļ•
āļšāļąāļ™āļ—āļķāļ
Patterns can work in reverse.

We know the Adam & Eve pattern as a bottom formation and here this pattern is showing as a top, in reverse: āļŠāđāļ™āļ›āļŠāļ­āļ•

We already know of the lower high, trading below EMA10, decreasing volume, bearish gold, BNBBTC going up, LINK, ADA, and all major Altcoins going bearish, etc.

This is just additional data in support of a drop.

āļŠāđāļ™āļ›āļŠāļ­āļ•

EW is also pointing lower...
āļšāļąāļ™āļ—āļķāļ
This is the first time that Bitcoin closes daily below EMA21 coming out of a multi-months high since July.
This on rising bear volume. (confirms within 1 hour if Bitcoin closes below $42,444 —if not ignore this...)

➖ Moving and closing below EMA10 signals that short-term bearish potential is now active.
➖ Moving and closing below EMA21 signals that this short-term bearish potential has been confirmed.

āļŠāđāļ™āļ›āļŠāļ­āļ•

EMA21 here is the bold slate blue line.
Notice how the daily RSI moved below 50, as well supporting a bearish bias.

These are just chart signals of course, but they are no longer pointing up.

Notice how in mid-November when I went bearish ahead of time Bitcoin still traded above EMA21 and the RSI was bullish, so I obviously jumped the gun and not to make excuses but I mentioned that the potential existed for one final jump.

Right now things are different.
The RSI peaked late October and so we have a two months long bearish divergence.

"Above 40K is super bullish"... Here is the problem, when the drop starts it will happen so fast and by surprise, so from 40K it can go straight to 37K and only hover around this level a few hours or days before the next support level is hit and then the next one.

Then it starts to recover fast just to produce a lower high and then continue to produce more of a correction... It becomes hard to trade, hard to read the chart, hard to guess.

It is easy to see incoming change but it is very hard to predict exactly how the wave will develop, when and where will prices bounce, how long the bounce lasts, if it goes lower or not... These are the questions that will hovering around your mind as soon as Bitcoin drops. If you prepare now, you can just sit back, relax, watch it all develop and then take action again once a new support level is established.

I will be here sharing charts and trade ideas days or maybe even weeks before the bottom low support hits.
I might be early as usual... But you will be able to know ahead of time when the trend is going to change.

We are due for a correction, even if Bitcoin moves up to hit 48,000 or 50K.

Namaste.
āļšāļąāļ™āļ—āļķāļ
Here we look at several instances in which BTCUSD moves daily below EMA21 coming out of a high point...

āļŠāđāļ™āļ›āļŠāļ­āļ•

āļŠāđāļ™āļ›āļŠāļ­āļ•

...It leads to a correction.

I also noticed that in some instances Bitcoin moves daily below EMA21 just to recover the next day... There exists this possibility that a fake breakdown happens and Bitcoin resumes higher, as it happened multiple times in the past. So not all is bad news.

With that said, moving below EMA21 coming off a major high after a lower high with a bearish RSI is a bearish signal.
āļšāļąāļ™āļ—āļķāļ
Here I plotted the Trend-Based Fib. Extension to get the Fibonacci numbers, which were known much, much earlier than Fibonacci's time but... Ok. Let's just say he was the first to introduce them to Europe.

āļŠāđāļ™āļ›āļŠāļ­āļ•

You can see the values I used as 1,2,3 on the chart.

➖ Notice that the golden ratio at 1.618 results in exactly $44,753.18.
➖ Bitcoin peaked 8-Dec at $44,715.44. This is a major resistance level which can turn into a major turning point.

0.5 Fib. extension worked as resistance both in April and June/July 2023.
It took Bitcoin 192 days to break this level and this included two minor retraces.

Based on the law of alternation, since we had two retraces in this instance we can have a strong.
There is very strong support around $25,000. Of course, $34,500 and $31,000 go first.

Namaste.
āļšāļąāļ™āļ—āļķāļ
Let's do an end of day update together.
The daily session closes in less than 2 hours... So far Bitcoin has not challenged 8-Dec resistance once.
We have lower highs based on candle close and also candle wick.
āļŠāđāļ™āļ›āļŠāļ­āļ•

We also see the action happening below EMA10 and EMA21 with decreasing volume.
RSI is on the bullish zone at 51 (not shown here).

These are the basic signals.

One unconventional signal: Negative news is starting to pop up. As the bullish wave was in full swing there was not a single bit of bad news... As we reached this point, a strong year+ long high, negative news are starting to develop. These so far have no effect on the market.

Signs of stress: I am noticing some sign of stress coming from my dear bulls. I see some FOMO on many of the smaller pairs yet the breakouts and candles are not as big as earlier this week or last week, it seems it is slowing down.

People are becoming reactive, people are fighting, I am receiving insults and things of this nature. This never happens when everything is going perfectly, this tend to happen when there is change about to take place. The reason people are reactive is because subconsciously they know something is coming they just don't know what it is consciously and it affects their behaviour. Since they are not well prepared they take it off with anyone who disagrees with their point of view.

Let me tell you, there can be another wick up... We can have another two weeks up... Not my point, the bullish force/momentum is weakening based on all this information that I've been sharing with you. This too can change and we can have forever growth, but I am sharing the current moment, this moment now, how the market is acting, what it is doing, its players, its feelings... What is the chart saying now, today?!

Let us look at some of the TOP10 Altcoins together, shall we?

Tomorrow we will close a weekly candle, a yearly candle and a monthly candle...

ETHUSDT: āļŠāđāļ™āļ›āļŠāļ­āļ•

Notice the 9-Dec high. 28-Dec ETHUSDT tries to push forward but is rejected and ends up closing red and below 9-Dec peak. A bearish rejection.

This also produces a double top pattern.

The current action is still happening above EMA10 and EMA21 so not all is lost but the rejection is bearish.
We could also say that resistance is being challenged, if it continues to be challenged it weakens and ETHUSDT can move higher. This has not been duplicated on BTCUSD.

Let's move on...

BNBUSDT is in the process of a bullish breakout, bullish weekly. Bullish short-term. Too early to read any potential correction signals. This one is ok.

SOLUSDT: āļŠāđāļ™āļ›āļŠāļ­āļ•

Solana produced massive growth since last year and is facing resistance in multiple forms. The first red session after parabolic growth. Any and all type of parabolic growth ends in crash-type corrections.

It went up beyond 4.618 of the fib-trend based extension numbers.
It stopped below 3.618 of the fib extension numbers.
It stopped at the April/March 2022 price level, exactly where we thought it would stop.

If it were to continue higher it would produce only one more wick to the upside just to crash down faster and stronger than if it crashed today.

Bearish potential is high here as well.

Let's continue...

XRPUSDT: No movement, correction since July. Bearish.

ADAUSDT: Cardano is a bit mixed. It failed to produce a new high compared to mid-December but the signals are mixed. Weekly it seems like it can continue going with just a small bullish push. Daily it seems to be neutral, hanging by a thread. It can go straight up just as it can go straight down... But a big move is pending, that's what the chart says.

I have updates for DOGE, DOT, MATIC and LINK, these are failing. Bullish technicals with bearish potential developing. No follow through. Again, change can easily happen here but it hasn't and volume is dropping too much at such high prices. When we get a continuation and prices are this close near resistance volume remains strong. When we have a retrace that will resume higher volume can drop and rise again once the follow up takes place.

Bitcoin in relation to the Altcoins Analysis Conclusion

We have some mixed signals. The pairs moved higher but all stopped at resistance. As the pairs stopped at resistance market conditions are starting to change. People are becoming agitated, FOMO, indecision, fighting, trolls... All signals that the positive vibe is waning and the bears are trying to take control.

My personal assessment is that we are moving from a bullish wave, to a market-wide retrace.
Correction for the bigger ones, retrace for the smaller ones.
Long-term and medium-term higher lows all across, then massive ultra-growth in 2024 and beyond!

Namaste.
āļ›āļīāļ”āļāļēāļĢāđ€āļ—āļĢāļ” āļ”āđ‰āļ§āļĒāļ•āļ™āđ€āļ­āļ‡
I will share a new update tomorrow.

It seems we get for about 1-3 weeks more sideways or one final jump before the major correction...

Stay tuned!
āļšāļąāļ™āļ—āļķāļ
Just one hour left for the day/week/month/year to close and Bitcoin decided to go bearish... But we still have one hour left.
āļšāļąāļ™āļ—āļķāļ
Here is how Coinbase closed the last active day and week, us knowing that BTCUSD and COIN move together:

1) Daily TF
āļŠāđāļ™āļ›āļŠāļ­āļ•

➖ Full red. The last three candles produced a bearish pattern.
➖ The RSI peaked 28-Nov. (bearish divergence).
➖ Highest bear volume compared to previous days.

2) Weekly TF
āļŠāđāļ™āļ›āļŠāļ­āļ•

➖ A shooting star. Bearish candlestick pattern signals a top.
➖ First week red after 8 weeks green.

The market won't open until tomorrow... While it can grow through some sort of miracle, the signals are extremely bearish.

Delay or no delay by the SEC the chart isn't looking good.
➖ If the SEC delays all applications, that's strongly bearish for the market.
➖ If the SEC approves anything, that's bearish for the market as a "sell the news" event.

Do you agree?
What's your take?

Namaste.
āļ›āļīāļ”āļāļēāļĢāđ€āļ—āļĢāļ”: āļ–āļķāļ‡āđ€āļ›āđ‰āļēāļŦāļĄāļēāļĒāļāļēāļĢāļ•āļąāļ”āļ‚āļēāļ”āļ—āļļāļ™
Bitcoin is now officially in new high territory... All bearish potential has been obliterated. (Confirmation is needed once the 4H and Daily sessions close)

āļŠāđāļ™āļ›āļŠāļ­āļ•
āļšāļąāļ™āļ—āļķāļ
Here Bitcoin can be seen hitting a new high daily, this is good for the market specially the Altcoins but the bearish potential is still on.
āļŠāđāļ™āļ›āļŠāļ­āļ•

Trading volume is very low, the RSI is yet to rise.
We need to wait for the daily session close. A close above $45,000/$46,000 is needed for bullish confirmation.

If Bitcoin closes below this levels or worse, moves below the last high ($44,700) then it is going to crash sooner than expected.

The more it takes to drop though the better it is because the Altcoins that are yet to awaken have a chance to move up and grow. We are strongly bullish on the small and mid-sized Altcoins.

Remember to comment and follow.

Thanks a lot for your amazing support.

Namaste.
āļšāļąāļ™āļ—āļķāļ
OMG! I am losing so much money here... I am thinking of reversing my position and going LONG!

Do you guys think it would be wise to go long here at $45,500?
And just wait for the launch of the Bitcoin Spot ETF and go towards $100,000...

Let me know in the comment.

Should I go long at the maximum top after 1 year and 2 months of sustained growth? Or just cut my losses and move on...

👉 83 Million dollars liquidated worth of SHORT positions in the past 24 hours.
Bears are having a hard time right now...
āļšāļąāļ™āļ—āļķāļ
āļŠāđāļ™āļ›āļŠāļ­āļ•
āļšāļąāļ™āļ—āļķāļ
The SEC will delay/reject all ETFs applications.
This is likely going to be the catalyst for the major pre-halving correction.
(If approved, same results... Crash/correction!)
āļšāļąāļ™āļ—āļķāļ
Bitcoin is moving below the 8-Dec high, which is very dangerous... Closing below this level can only mean one thing, that this final jump is only a bull-trap and a final shakeout before lower prices.

āļŠāđāļ™āļ›āļŠāļ­āļ•

Poladot | DOTUSDT = bearish
Solana | SOLUSDT = bearish
Chainlink | LINKUSDT = bearish
Binance Coin | BNBUSDT = bearish

All those major Altcoins that I shared recently with you failed to move higher.

Just be careful... The market moves in waves... Up and down, up and down...
It has been going up for a while, it can turn and start going down at any time now.

It is wise to look at those trading low/near support (buy low).
Those that are high up have high probability for a correction to happen... It is still early based on this signal, but it is ok to be careful.

We will see what happens tomorrow or the day after...

Namaste.
āļšāļąāļ™āļ—āļķāļ
The COIN stock started the week/year extremely bearish.
BTCUSD and COIN move together. If one drops, the other follows.

This works as bearish confirmation.
📊 Coinbase Goes Bearish (Daily & Weekly TF)


Filecoin also peaked and the major Altcoins are not moving ahead...
Just as Bitcoin produced a lower low in November 2022 while Ethereum and other Altcoins didn't, in the same way Bitcoin can produce a "higher high" in 2024 while the others don't. (Technically the current high hit today is still considered a double top if prices were to drop. For a higher high we need to hit a major resistance level. If the action remains in the vicinity of a previous high still works as a double top).

This is just a way to throw people off... By now people must be feeling complacent.
"It didn't drop in November, it didn't drop in December and early January 2024 we get bullish follow up... Throw away the cell-phones and computers because everything is fine, Bitcoin is going up."

That's the thinking that will create a new wave of bag holders...

Bitcoin's price continues strong, not weak but you know how market sentiment can change... Fast, faster than an eye blink; Wink!

Namaste.
āļšāļąāļ™āļ—āļķāļ
Correction Confirmed!
āļŠāđāļ™āļ›āļŠāļ­āļ•
āļšāļąāļ™āļ—āļķāļ
ðŸ…ąïļ Bitcoin To The Moon?

Did you notice how the mainstream media painted the fact that "Michael Saylor bought Bitcoin" as a bullish development for the price of Bitcoin?

I read some articles and they were saying that Michael Saylor through MicroStrategy bought ~600M worth of Bitcoins and this can only mean that everything is fine, everything is great. We should see Bitcoin hit 100K soon because Michael Saylor "bought" and he would never buy at the top of course, but he is shown saying in several news broadcast that, "I will be buying the top forever", meaning that we were near or at a top.

Just a few days later Bitcoin produces a flash crash from $45,000 towards $40,000, more or less. A 10% drop.
I saw this happening live and the actual drop all happened within a few hours and then the market normalized. I interpret this to mean that a single entity, or a whale just unloaded a massive amount of Bitcoins on the market and that's why we got this drop.

Fast forward to the exact same day, the mainstream media is once again reporting with much fanfare that Michael Saylor through MicroStrategy is selling around 200M worth of shares to "buy Bitcoin"... Again, they are saying he is going to buy but will they report the sell?

What is likely to happen is that another whale or a group of whales is about to unload massively on the market... If you believe the MicroStrategy hype, I have a Bitcoin Spot ETF for sale.

The next drop is the big one.

Namaste.
āļšāļąāļ™āļ—āļķāļ
ðŸ…ąïļ Bitcoin Recovers? Going Up? $100,000 Next?

Ok my dear friends, you might take this lightly or not but let me tell you that it is truly my pleasure to write for you. It is my pleasure to write for you now, today, this day, yesterday and the days that are yet to materialize in the near and far future... There is always so much growth, in the exchange.

Now, here we have Bitcoin and the chart continues to look good... In fact, it looks great.

Will Bitcoin move back up and continue rising?
Getting myself out of the way, what does the chart have to say?

āļŠāđāļ™āļ›āļŠāļ­āļ•

For the purpose of technical analysis we use the same high, 8-Dec., to gauge Bitcoin's strength. The last high was a fake-out and we don't need to conquer this level for BTCUSD to be considered bullish. A break and close daily above $44,729 would be enough but the action needs to stay above this level and not crash back fast below.

This is the requirement for the bulls to take back control of this game, very easy, but what does the chart say now? Will this happen or what will happen next?

The chart says nothing about the future it only shows the past, but based on the past and current data we can determine what is most likely to happen next.

The move yesterday produced the highest bear volume in many months, in fact, the highest sell volume on a daily basis since the last correction showed up. Seeing this, it tells us that something is cooking, something behind the scenes is going on.

While Bitcoin moved up and hit a new high yesterday, the Altcoins that move together with Bitcoin failed to do the same.

While the Bitcoin chart still looks solid and strong, many of the TOP Altcoins that move together with Bitcoin are showing signals that tells us that they cannot go up anymore... This relationship can be seen across multiple markets, we are seeing bearish signals in commodities, futures, indexes and stocks.

This is the conclusion of what we are likely witnessing today, Bitcoin and the major Altcoins are now moving within a distribution phase. The distribution phase can go for a few days just as it can go for a few weeks... It can wick higher, there can be strong shakeouts and price swings. But by definition there is no 60K, 80K nor 100K on this run... Distribution means that a drop will follow once the phase is over and done.

It is the inverse to accumulation; One happens at the bottom, the other happens at the top.

Is Bitcoin going lower?
Short-answer: Yes! We are going lower.

Namaste.
āļšāļąāļ™āļ—āļķāļ
This just came in just 8 minutes ago...

ðŸ’ĩ ðŸ’ĩ ðŸ’ĩ ðŸ’ĩ ðŸ’ĩ ðŸ’ĩ ðŸ’ĩ ðŸ’ĩ ðŸ’ĩ ðŸ’ĩ 1,000,000,000 #USDT (1,001,200,000 USD) minted at Tether Treasury
āļšāļąāļ™āļ—āļķāļ
Still some lingering doubts?
Don't worry, I got your back... Let's go deeper shall we?

Let's start with the chart, here is Bitcoin on the daily timeframe: āļŠāđāļ™āļ›āļŠāļ­āļ•

The volume signal just mentioned above.
3-Jan 2024 Bitcoin produced the highest sell volume since 22-March 2023.

When you have the highest daily bear volume in 9 months, it signals that the bears just woke up. Not waking up but already entered and setup a new major barrier. The last high is the starting point.

Notice EMA50, magenta line on the chart.

Back on 9-Jan 2023 Bitcoin moved above this level and it just grows... This is what it means to move above EMA50.

In March 2023 EMA50 is touched once and automatically lower prices ensue.

Then again, Bitcoin moves above EMA50 and grows, whenever this level is challenged as support (from above moving downward) additional lows follows.

16-October '23 Bitcoin moves above EMA50, it rises and rises far away from this level.

➖ 3-Jan '24 Bitcoin tests EMA50 on a wick; Multiple signals here.
The wick indicates that buy orders are removed, support is being compromised for the next drop to go straight down.

The fact that EMA50 has been tested, signals lower prices based on past history (explained above).

Failed signal
2-Jan '24 Bitcoin tried to push higher but was met with major pushback, a full rejection and bull-trap.
Hundreds of millions of dollars worth of over-leveraged positions liquidated.

These are bearish signals.

Allow for more shakeouts, volatility, price swings and such to develop but remain certain that the bias is bearish in the coming weeks and days.

It can take a few days just as it can take a few weeks before the major flash crash.

Think of early 2018... Something exactly like this...

Namaste.
āļšāļąāļ™āļ—āļķāļ
ðŸ’ĩ ðŸ’ĩ ðŸ’ĩ ðŸ’ĩ ðŸ’ĩ ðŸ’ĩ ðŸ’ĩ ðŸ’ĩ ðŸ’ĩ ðŸ’ĩ 1,000,000,000 #USDT (1,001,274,999 USD) minted at Tether Treasury

Another billion minted on the same day. 2 billion just today, hardly ever this is seen.

What does this mean and how is this money going to be used?

I don't know but we can speculate.

There is normally a lag between the money being minted and when it actually goes into us.

My belief is that Group A is going to sell and Group B is preparing to buy.
The USDT likely going towards big players (exchangers) to buy billions worth of Altcoins at low prices and also Bitcoin at the drop.

Do you agree?
If you have a different idea/opinion, please be open and humble and share it with us... In the comments section below.

Namaste.
āļšāļąāļ™āļ—āļķāļ
Short-term 1H, we have a rejection happening right at resistance... āļŠāđāļ™āļ›āļŠāļ­āļ•

4H and Daily closes in 45 minutes; āļŠāđāļ™āļ›āļŠāļ­āļ•

Closing below can be negative short-term.
āļšāļąāļ™āļ—āļķāļ
ðŸ…ąïļ Change In Perception, Can It Change The Market?

The programming goes like this: "Bitcoin Spot ETF, the best invention since baked bread".
This is repeated ad nauseam until everyone fully believes it. This newly implanted belief in the mind of the herd can then be exploited for massive gains but people need to believe it.

So everybody and their cousins —the "experts", share their two cents, their opinion about Bitcoin and how the launch of a Spot ETF will affect the market; "Trillions of dollars will join the market", "ultra-bullish", "new ATH", "100K", "BlackRock", etc.

Hype, hype, hype; The Merge and Ethereum crashes and nobody gets to see Ether at 10K.

But if you are reading this you are not part of the herd... No, no, no.
This is a very unique group of people, you are getting the information directly from the source.
Here at TradingView we have all sorts of people with all different types of speculative opinion, and you choose what resonates, what makes sense, what the chart says based on past history, you can see the patterns, you can spot propaganda even before it shows up...

And now everybody is saying "sell the news", after everybody was saying "Bitcoin to the moon!", what changed?

The perception is mixed now because so many people made a switch.
People are now of the belief that the Bitcoin Spot ETF will be a "sell the news" event, this is normally so, but how can this affect the market now that many are starting to see with a different eye?

Initially and in the past after such a strong propaganda campaign people would belief one thing and one thing only, the announcement of the launch of a Bitcoin Spot ETF would change the game, they said the same thing about the launch of CME Futures and the Merge, they both led to a crash of course.

What is being lost in the argument is the fact that not one of the "applications" will be approved, remember that they need to put the Chinese guy in jail before they move on.

While people doubt and speculate if prices will go down after the event or up, they forget that there is a possibility that the event doesn't even show up.

On the other hand, you can get a positive outcome yet a positive development for Bitcoin's price just doesn't happen... We focus on the chart.

Buyers failed to push prices above 46K.
Who is going to buy the billions required to push Bitcoin towards new highs, 60, 70K?

Whales and exchanges buy at the bottom, we know this for sure.
Miners get their Bitcoins through mining and sell at the top.

Nobody with the buying power required to push Bitcoin higher will buy because they know better, they simply wait and buy when prices are low.

In the best case scenario, you can get a final push before the crash and the crash will be really, really fast and strong. Think of early 2018... It took less than two months for the major low to show up.

In 2022:
Would you start selling big at 17K?
Would you go SHORT hard at 15.5K?

It is the same in reverse...

In 2024:
Would you start buying big at 44K?
Would you go LONG hard at 48K?

It doesn't make sense... We sell at resistance and buy at support.

But if you would sell/SHORT and buy/LONG at those levels, you would be making big a mistake.

Namaste.
āļšāļąāļ™āļ—āļķāļ
If you are a long-term follower then you can ignore this as you are already aware of this signal, but for all newcomers out there I have a classic one to show you.

Here at TradingView we have an index called "Tether Dominance", pretty nice I should say. Going by the ticker USDT.D, this index is great for when the market is moving within an uncertainty period.

It turns out that whatever the Tether Dominance does, Bitcoin and the Altcoins follow but in reverse, a negative correlation.

➖ When USDT.D goes up, Bitcoin and the Altcoins move down.
➖ When USDT.D goes down, Bitcoin and the Altcoins grow.

Here is the latest analysis for the USDT.D index on the daily timeframe.

We focus here on classic, old and simple signals... The index has gone bullish after a year long bullish divergence with the RSI coupled with rising volume.

📈 Tether Dominance 1 Year Long Bullish Divergence


Basically this supports the fact that a market-wide correction is getting close.

👉 Summed up: USDT.D bullish = Crypto bearish.

Thanks a lot for your continued support.

Namaste.
āļšāļąāļ™āļ—āļķāļ
We are here: āļŠāđāļ™āļ›āļŠāļ­āļ•

Above the green and black lines resistance has been conquered.
Below, distribution/accumulation continues.

Regardless of the short-term, a major correction is coming pretty soon.
āļšāļąāļ™āļ—āļķāļ
No new highs yet... At this rate we might get the start of the downturn tomorrow... They whales aren't likely to continue waiting, it seems too many people became conscious of the fact that "The Bitcoin Spot ETF approval" is the exact same "The Merge" hype on steroids.

Billions worth of BTC withdrawn from Kraken... Nobody knows why?
Major ruling against the exchange tomorrow?
What is going on behind the scenes?

I'll tell you what, it won't be positive for us.

When Bitcoin is growing and doing great, nobody ever, no news media, no experts ever, have to come out and produce a hyped propaganda campaign. The mere fact that this propaganda campaign is so strong can only mean that behind the scenes something fishy, bad for the masses, is going on.

Regardless of what we can opine and speculate... We buy at support, not at resistance.

When at resistance, it is time to sell.

Namaste.
āļšāļąāļ™āļ—āļķāļ
Some people say that I am of a "contrarian" opinion, that I am going against the market, but my belief is that I am 100% with the trend and following the market.

You've seen it!
Have you seen it?

Right here if not here in other trade ideas I clearly mention that the Altcoins being bullish is for bullish for Bitcoin. In works reverse, the Altcoins being bearish is bearish for Bitcoin.

The TOP Altcoins move together with Bitcoin, this can be corroborated in a matter of minutes... Now, let's look at these altcoins together and play the bearish or bullish game, shall we?

These are the TOP Altcoins:

➖ DOGEUSDT
āļŠāđāļ™āļ›āļŠāļ­āļ•

- Trading below EMA50 and EMA100.
- Full red.

Bearish or bullish?

➖ BNBUSDT
āļŠāđāļ™āļ›āļŠāļ­āļ•

- Lower high.
- Three days closing red.
- Moving below EMA10.

Bearish or bullish?

➖ SOLUSDT
āļŠāđāļ™āļ›āļŠāļ­āļ•

- Decreasing volume.
- Below EMA10/21.
- Lower high...

Bearish or bullish?

➖ MATICUSDT
āļŠāđāļ™āļ›āļŠāļ­āļ•

- Trading below EMA50.
- Weak RSI.

I'll answer this one; Bearish.

➖ AVAXUSDT
āļŠāđāļ™āļ›āļŠāļ­āļ•

- 5 up waves complete.
- Weak RSI.
- Lower everyday...

Bearish or bullish?

➖ APTUSDT
āļŠāđāļ™āļ›āļŠāļ­āļ•

- Trading below EMA10/21, bearish RSI!

Bearish or bullish?

➖ LINKUSDT
āļŠāđāļ™āļ›āļŠāļ­āļ•

- Below EMA50 daily.
- Weak RSI.
- Weak Volume.

Bearish

➖ DOTUSDT, ➖ XRPUSDT, ➖ LTCUSDT... All the same, bearish.

The Altcoins being bullish is bullish for Bitcoin... It works in reverse, the Altcoins being bearish is bearish for Bitcoin. Bitcoin and the TOP Altcoins move together.

Namaste.
āļšāļąāļ™āļ—āļķāļ
Folks, if I no longer publish updates this is the reason... This the message that sent me the moderator, happened more than once.

They say I am manipulating the system because I share updates. Everybody updates their trade ideas including the moderator himself who sent this message.

They sent me this 8-Jan but I saw it just now...
I don't know what their problem is but it is embarrassing that's for sure.

"Hi, we're writing to let you know you've received a warning for violating the below House Rule(s):

House Rule - Illicit content
Violation detected:

Hi there,
We've noticed that you've been frequently updating your ideas to keep them in the spotlight. While we appreciate your enthusiasm, we kindly ask you to refrain from using the "update idea" feature in this manner, as it's considered manipulation."

etc
āļšāļąāļ™āļ—āļķāļ
🍀 MANIPULATION OR HARD-WORK?

Wake up at 5AM in the morning and think...

What would they like to know about?
How can I be of service?
Which questions, what information, is relevant to you today?

And get to work...

Not a single break, year after year of the same.

Eating? What can I share that people will feel entertained and at the same time there is some kind of wisdom, some experience, a piece of advice that can be read as a positive message or maybe something that will help to brighten their day.

Today I am down... I still get up and get to work.

These negative feelings get into my writing but before hitting "publish", "update", I stop and remember... Share something positive because we all go through ups and downs but we survive and use the experience for growth.

Year after year, thousands of articles... It is my pleasure to be here today.
It is my pleasure to have your attention, it is pleasure to be able to continue to share.

If I am too overloaded with all the emotions, all the interactions, the exchange, I take a break and go for a walk and while walking I think about everything that I've shared with you and how I can make it better, remove all negative biases and make it positive in the end. Something that will neutralize my fear and doubts, will get the point and across and will result in mutual growth.

When I am feeling down because it is not easy, I have to admit; I take a different kind of break and sit down to meditate... Even while meditating I have you in my mind and I feel blessed because even though my negative tendencies are easily perceived through my writing, you comeback and show your support regardless if I look weak or strong.

And it keeps on going... hour after hour, year after year, day after day...

At one point I have your attention...
At this time, I am blessed with your support...

When I am in the process of sharing and interacting with you, is this considered manipulation or simply hard work?

Namaste.
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