BITCOIN MARKET UPDATE
The rise in market prices is temporary, so if you're already making a profit, it's time to take them out of the market.
This is because the photo to your right shows the correction wave of USDT.S dominance. Its correction target could be as high as 0.618 golden ratio. Nearly 50 & 200 SMA dynamic support is active on USDT.D. Therefore, a very strong bull wave can be generated from that location and it will support the price BTC bearish move.
Also on the right is the BTC chart with its closest target resistance at 0.382 fib and a near 50 SMA dynamic resistance in action. That is, a market rebound can be expected from those locations in the future
You can also check through the RSI as the USDT.D market is slowly becoming undervalued and BTC.D overvalued.
This is because the photo to your right shows the correction wave of USDT.S dominance. Its correction target could be as high as 0.618 golden ratio. Nearly 50 & 200 SMA dynamic support is active on USDT.D. Therefore, a very strong bull wave can be generated from that location and it will support the price BTC bearish move.
Also on the right is the BTC chart with its closest target resistance at 0.382 fib and a near 50 SMA dynamic resistance in action. That is, a market rebound can be expected from those locations in the future
You can also check through the RSI as the USDT.D market is slowly becoming undervalued and BTC.D overvalued.
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