LIVEDollar Index is back online ⚠️
i think its gonna be volatile this week in such critical point, it had broken back into the falling wedge earlier and currently on the way for the second attempt of breaking out of it after going for a deep correction, a reversal uptrend is ongoing
do not trust the market especially now that we're within a bearish wedge, what are the chances of breaking out? only works if Dollar Index crushes
besides i still believe the downtrend never stopped, have we reached back any of the previous prices? as long as we're still getting lower highs and lower lows its still on
with daily candle closing within the descending triangle we're probably back into it
Watch Dollar Index chart (Dxy)
also watch SPx500 chart, $BTC usually follows it
goodluck everyone
LIVEi have been saying this for 5 days
DO NOT FALL TO WHALE BAITS
$BTC is still on downtrend, Dollar Index isn't stopping, it is going up and as long as the uptrend isnt broken, then BTC is dropping to 56-60k
its imminent
they didn't stop the downtrend , they just slowed it down benefiting from small coins, as long as btc doesn't crush fake pumps wouldn't be suspicious, its just crushing slowly instead of a free fall
Fake Pumps are meant to not be caught and spotted before they're over pumped, so your entries would be high anyway, these people are the best at what they do no matter how good you think you are they do it best, in 1 C wave of Elliot waves or even 2 they know how to boost your greed and your FOMO (Fear of missing out) you'll be dragged down eventually
even if BTC dominance falls, BTC falling and Dollar Index boost would push every alcoin down too before they breakout, it's all locked for downtrend atm, more lower highs and lower lows
if you wanna risk it and you trust the current bulls im not changing your decisions, stop it with the ridiculous comments I've been getting them since i first mentioned it on Thursday while Bitcoin was still breaking out it was an obvious fakeout and i posted the same exact scenario that's ongoing atm, i said Dollar Index was gonna break back into the falling wedge and go for a second attempt of breaking out of it and if that happens crypto was gonna drop anyway with high resistance and sell-off would start,
im not posting for debating im just trying to help out whenever i can and i could always use a second opinion but if its based on analysis or proof, i wont allow any misleading
even if you staking it do not trust the market, benefit from the manipulation but don't get caught in it
follow Dollar Index, use Elliot waves with rising obviously manipulated coins, watch out for wave 5 do not get caught in it
use Whale Alert Indicator on Tradingview, it works on both 1h and 4h timeframe, track whale moves and predict them
be safe
#BTC #altcoins #bitcoinhalving #bitcoin
