Hello, guys. How are you all? This is your Cap1ain speaking. It’s time for market update.
BTC.D : BTC dominance is showing a bullish momentum from my white box (check 1st screenshot). I was expecting a pullback from the red box but it has pierced through the box today. So, next stop will be the green box where is 1D 200MA which is a strong resistance. A consolidation inside the green box or a rejection from 1D 200MA will send it again to the white box.
TOTAL3 : I was expecting a rally on alts till the red box (check 2nd screenshot). But market makers didn’t allow it. It is what it is. As you can see in the 4th screenshot, I've told you all to sell your alts on 14th December. It has invalidated the white box & broken down the trendline. Any pump on alts should be a selling opportunity. I AM EXTREMELY BEARISH ON ALTS.
USDT.D : We've got a range here. If it takes the range high & closes below it, then I'll enter into some scalp positions. Otherwise, I'm not interested on buying any alts here.
All im all, market is not looking good here. Alts are going so much down. Today is coming CPI data which should increase the selling pressure. Tomorrow is triple witching day which also will bring volatility. Personally, I've sold all my alts except ETH. I'll buy more ETH & some SOL for scalping opportunity.
