#USDT.D #altcoins Hey friends, that nasty forecast is almost coming true. Tether's dominance is already high, but ideally, it should take out the previous ATH and maybe even fly a bit higher. In my opinion, this will be the best zone to stack up on altcoins.
#BTC Today is a pivotal day for BTC. If the weekly candlestick closes above the middle of the Bollinger channel (~74,170), the chances for further upside remain. If not — a little dump is still on the table. 😴
#BTC Everyone's already waiting for a crash, but what if? 😴
The S&P is hitting new ATHs, while BTC looks weaker, so most folks are expecting Bitcoin to "catch down" eventually.
But what if the S&P isn't anywhere near the peak of the cycle yet? Then the gap between them might close not through a stock drop, but via a BTC surge.
This has happened before: Bitcoin lagged behind other risk assets for months, then quickly made up for lost time with one powerful impulse.
#BTC 🌞☕Since the 4-hour candlestick closed just the way I wanted — above the Kernel line, and we even have something resembling a trend with divergence... I'm gonna try to enter with a tight stop.
But by no means should you replicate this — the trade is very risky and counter-trend. Just for fun 😄
#BTC A divergence popped up on the blue stochastic (40 period) on the 4-hour TF. Last time this signal appeared, it was right before the price took off. But it's still unconfirmed — the 4-hour candlestick needs to close above the Kernel indicator line.
#BTC If we look at the entire volume profile over the last 4 months after the BTC dump, we still have a way to go to reach the POC, and the price is already below the VAH. The key right now is not to get caught in a little dump without a stop-loss 😅
#BTC If we look at Bitcoin through weekly reversal points, there's still support at S3 around $70,785, where volume, FVG, and liquidations converge. The key zone is $71,500–70,500.
#BTC A totally feasible scenario. If we use the diverging channel tool — everything lines up almost perfectly. The price might still slide down, as there are significant liquidations below.
Plus, the red day streak for the ETF continues, so we should tread carefully with longs for now. On the flip side, the more red days we have in a row, the higher the chance the next day will be green. USDT dominance seems to have firmly established itself above the broken trendline, but another retest isn't out of the question.
When the author mentions "retest" — it's not just about the price bouncing back into a specified zone.
To call it a full-on retest, there should be a clear price reaction on the 5-minute timeframe, evidenced by reversal candlestick patterns: hammer, doji, bullish engulfing, and other confirming candles.
Simply touching a level without such candlestick confirmations isn't a retest yet.
After the impulse on February 26, Brent left a gap at $76.31–$73.20. Will it get filled or not — that’s the key question.
Then the price went sideways → parallel channel → and after breaking out, a similar structure is forming again.
Right now, we have 2 scenarios: 1) ABCDE (holding above POC) → bullish impulse up to ~$150 (R3 zone according to monthly pivots) 2) structure breakdown downwards → gap closure
The market is in a wait-and-see mode for a trigger.
#BTC I wouldn't be surprised if the price hangs around the weekly pivot level for a bit 😵 in a triangular pattern. This often happens when there aren't enough inflows for a strong impulse.🤷
Today, the news is taking a break. 😴
But on Tuesday at 17:00, the CB Consumer Confidence Index (May) and ETF data will drop — that's when we might see some action.
Today is likely to be a sideways day. But that's not set in stone 😅