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Alex Friedman Crypto
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Bullish
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#USDT
dominance is forming a pattern here.. The potential outcome could send USDT dominance tumbling to the sub 4% area fast. Be prepared! 😎
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Alex Friedman Crypto
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Market Update #BTC is holding up on weekly with a bounce from the supporting trendline marking as seems like another bottom for Bitcoin . Today is the first rate cut after #FED announced #QE earlier this month. These combined with a rumour of the new FED chairman and the 50bsp rate cut could send Bitcoin to knock on new #ATH . All eyes on todays #FOMC decision.
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#BTC is sitting on the crucial trendline that is alongside with ema that is holding the price on support. Any close below this trendline on weekly may trigger a short term selloff to clear the field for an upside move. If we bounce here.. new #ATH s are inevitable for both #Altcoins and #BTC 🚀🚀
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All charts on HTF are screaming reversal.. #TOTAL is sitting on strong supporting trendline waiting either to #bounce or break down.. Looking back.. we have had bounce from here multiple times.. will the history repeat?👀
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Over $636 million in crypto positions were liquidated in the last 24 hours, with $567.35M from longs and $69.54M from shorts. Some say it was unpredictable but Japan's 20-year bond yield rises to the highest level seen since 1998. I call it the cause of wipeout we just encountered. Crypto gets hit first and is always the is the first to recover 😎
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ALTS never had a #bullmarket aka #Altseason since the last one at the beginning of 2021. It's been basically down only for 5 years straight. 5 years of traditional bear market for alts. There's no cycle here to even discuss because only now are we at the true #bearmarket bottom for alts. 😎
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