Trying to predict or understand the current super manipulative market is like just guessing in blackjack.
Throughout the current cycle it has been proven enough times that everything has changed, but the rhyme remains.
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Proekt_73
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There is a contradiction between the signals of BTC dominance and the prices of altcoins.
On one hand, there are signals of a potential high on the 12-hour timeframe for #BTC dominance, which were mentioned yesterday. The structure may become bearish on the current candle, by the end of the day. And this will be a bullish signal for altcoins.
BUT on the other hand, on the just-closed 12-hour candle, 16 altcoins (some of which are top ones) show signals of transitioning into a stable downtrend. After the last such signal, many altcoins clearly worked out all the basic correction targets according to the indicator. For example, #ETH gave a -14% net movement.
We show examples of #ETH, #SOL, #UNI, with targets for decline according to the indicator this time.
In summary - a contradiction. And the question is how it will resolve. The situation for altcoins remains the same - we will see the end of the correction no earlier than dominance drops below 57.60%. Only then will we expect that the downtrend performance of altcoins on the 12-hour timeframe will be broken until all targets are achieved.
On one hand, there are signals of a potential high on the 12-hour timeframe for #BTC dominance, which were mentioned yesterday. The structure may become bearish on the current candle, by the end of the day. And this will be a bullish signal for altcoins.
BUT on the other hand, on the just-closed 12-hour candle, 16 altcoins (some of which are top ones) show signals of transitioning into a stable downtrend. After the last such signal, many altcoins clearly worked out all the basic correction targets according to the indicator. For example, #ETH gave a -14% net movement.
We show examples of #ETH, #SOL, #UNI, with targets for decline according to the indicator this time.
In summary - a contradiction. And the question is how it will resolve. The situation for altcoins remains the same - we will see the end of the correction no earlier than dominance drops below 57.60%. Only then will we expect that the downtrend performance of altcoins on the 12-hour timeframe will be broken until all targets are achieved.
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