"The timeframe for review is the daily timeframe. 🗓️
Generally, if we examine TOTAL3 📊, USDT.D 📉, and Bitcoin dominance 👑, we see that TOTAL3 is engaged with a weekly resistance 🚧.
Bitcoin dominance 👑 is engaged with a support 💪 that is visible on the weekly timeframe 🗓️.
And Tether dominance USDT.D 📉 is also engaged with a support 💪 that is visible on the daily timeframe 🗓️.
Considering this 🤔,
It can be said that Bitcoin dominance 👑 might have an upward movement 📈 within the 4-hour timeframe ⏳.
Tether dominance USDT.D 📉 might also have an upward movement 📈, but our main support is at 3.98 👇, so it will likely continue its downward trend 📉.
TOTAL3 📊 is also engaged with a significant resistance 🚧, so altcoins 💰 might also have a correction 📉 within the 4-hour timeframe ⏳.
Of course, we haven't seen any weakness ⚠️ in the 4-hour timeframe ⏳ for any of these indicators yet. By observing weakness ⚠️ and its confirmation ✅, the above expectations can be considered 🤔.
I emphasize 📢 that the opportunity to buy altcoins 💰 has not arrived yet ⏳.
By observing weakness ⚠️ in Bitcoin dominance 👑 and confirming that weakness ✅ along with the growth 📈 of TOTAL3 📊, a suitable opportunity to buy altcoins 💰 can be considered 🤔."
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.