BTC DOMINANCE- BEARISH AF
Life and Trading: Decisions Shape Outcomes
Life can shift dramatically in a single day—either for the better or worse. Everything boils down to the decisions you make, whether in heated moments or calm reflection. When chaos and panic dominate, your best refuge lies in creativity, knowledge and balls.
During the recent shakeout, I stayed silent—not because I lacked an opinion, but because moments like these require clarity. It’s like a car crash—you first ensure your safety before analyzing the damage. So, I distanced myself from the noise and dove deep into the charts.
Key Observations: Bitcoin Dominance
Bitcoin dominance, a critical indicator during altcoin crashes, was rising but met resistance at significant levels. Bearish arguments at that time included:
Weekly Bearish FVG respected
Daily Bearish FVG respected
Trendline retest confirming the break
Current Bearish Arguments:
PMH & PML respected
PWH & PWL respected
Weekly and Daily Bearish FVG respected
4H swing highs/lows respected
4H Bearish FVG respected
Strategy:
Given these signals, it’s tempting to go all-in on altcoins. However, I anticipate a ranging market until Christmas, followed by a dip below the 50% level—a precursor to a true altcoin bull market.
Be cautious: I expect another shakeout around December 18 or 23, where I plan to take significant positions. Always have a clear entry and exit plan to navigate these volatile waters.
Follow me to stay updated, and remember—this market rewards patience and preparation.
God bless you.
-Jay
Life can shift dramatically in a single day—either for the better or worse. Everything boils down to the decisions you make, whether in heated moments or calm reflection. When chaos and panic dominate, your best refuge lies in creativity, knowledge and balls.
During the recent shakeout, I stayed silent—not because I lacked an opinion, but because moments like these require clarity. It’s like a car crash—you first ensure your safety before analyzing the damage. So, I distanced myself from the noise and dove deep into the charts.
Key Observations: Bitcoin Dominance
Bitcoin dominance, a critical indicator during altcoin crashes, was rising but met resistance at significant levels. Bearish arguments at that time included:
Weekly Bearish FVG respected
Daily Bearish FVG respected
Trendline retest confirming the break
Current Bearish Arguments:
PMH & PML respected
PWH & PWL respected
Weekly and Daily Bearish FVG respected
4H swing highs/lows respected
4H Bearish FVG respected
Strategy:
Given these signals, it’s tempting to go all-in on altcoins. However, I anticipate a ranging market until Christmas, followed by a dip below the 50% level—a precursor to a true altcoin bull market.
Be cautious: I expect another shakeout around December 18 or 23, where I plan to take significant positions. Always have a clear entry and exit plan to navigate these volatile waters.
Follow me to stay updated, and remember—this market rewards patience and preparation.
God bless you.
-Jay
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