See original
Ualifi Araújo
--
Bullish
Analysis #ALTCOIN 02/01/2025
#ALT, we are seeing Altcoins showing strength in these first days of 2025, and it will probably be like this from now on. Note that most Altcoins are at this first lower resistance here, but it should be overcome soon.
We have made a good move so far, and I think we can continue the move from here without necessarily working on this gray band that I drew below $1.4T, however, it is smart to use this region as a support for possible traps.
It is interesting to note that the Dominance of #BTC today retested in the 57.71% region and so far, it is a bearish retest, if this is confirmed during the day tomorrow, then we will probably have a good weekend, like we haven't had in a long time, and I say with real price action and not fake as it has been.
The Asian Bulls are trying to build a good setup here for a continuation of the Bullishness for Altcoins, if we have this good setup during their session, then tomorrow I think the PMI data that will be released should not interfere with the NY Session and we will have a good day of gains.
The Bears do not have much time left, and it is reasonable to say that the local bottom in Altcoins has been formed and the correction is over, I am not saying that there will be no swings, I am saying that the worst is over and the bottom is in (IN MY OPINION).
In past markets we described these moments as the LAST CALL, so... you already know!
We will reach $1.49T soon!
* If you have any questions, do not hesitate, go to my INSTA (it is in the pinned image of my profile here), call me and ask your question.
#ALT, we are seeing Altcoins showing strength in these first days of 2025, and it will probably be like this from now on. Note that most Altcoins are at this first lower resistance here, but it should be overcome soon.
We have made a good move so far, and I think we can continue the move from here without necessarily working on this gray band that I drew below $1.4T, however, it is smart to use this region as a support for possible traps.
It is interesting to note that the Dominance of #BTC today retested in the 57.71% region and so far, it is a bearish retest, if this is confirmed during the day tomorrow, then we will probably have a good weekend, like we haven't had in a long time, and I say with real price action and not fake as it has been.
The Asian Bulls are trying to build a good setup here for a continuation of the Bullishness for Altcoins, if we have this good setup during their session, then tomorrow I think the PMI data that will be released should not interfere with the NY Session and we will have a good day of gains.
The Bears do not have much time left, and it is reasonable to say that the local bottom in Altcoins has been formed and the correction is over, I am not saying that there will be no swings, I am saying that the worst is over and the bottom is in (IN MY OPINION).
In past markets we described these moments as the LAST CALL, so... you already know!
We will reach $1.49T soon!
* If you have any questions, do not hesitate, go to my INSTA (it is in the pinned image of my profile here), call me and ask your question.
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