BTC.D US$ Index on the RISE as ETH/BTC Dominance resets/Profits?
= Time for PROFITS and target ru buy zones/
/the us dollar index has been a solid trend indicator for reversals pumps whatever for general market conditions as of late. Dollar Index UP Market goes Down and $Index down market goes up
_ Rite now I see the USD Index jumping and BTC and a lesser extent ETH Dominance drop off as general market fomo dies off. As the market cools we see the alts btc n eth all slow down esp on volume and start to trade more sideways as btc.d and eth.d drop off then if dollar index spikes or continues to spike and we see esp BTC.D drop then spike as well as the rest of the market starts to down trend. (We may see a mini false ETH rally as money scrambles to exit the ALT markets but then she should drop with rest of market) as BTC and ETH dominance rise in correlation with us dollar index. I keep saying this is a great simple but reliable indicator that has been quit accurate of late esp in crypto not just traditional markets.
_ALL IN ALL i think the bear times may be gone for good at least for a bit. not saying we wont see the market go sideways or and down but generally its on the rise up in fits and starts. AI programs now can easily and quickly check code on projects among other advances that will only bring more solid confidence into crypto. the world was not ready in 2017 thats for sure and last time (the 2020 -2021 2022run) FTX and in general to much greed and meme coins just got a bit out of hand plus cross chain security is a major problem or was especially an issue (see record breaking hacks or exploits due to bad, rushed out code) that and fiat on and off ramps less KYC the better. We are seeing the dots get connected, and the tech advances by AI and other means are helping validate this space as we grow. maybe this third times the charm to get some lasting and larger range crypto market cap via the world masses.
/HGM 0Ut_
/the us dollar index has been a solid trend indicator for reversals pumps whatever for general market conditions as of late. Dollar Index UP Market goes Down and $Index down market goes up
_ Rite now I see the USD Index jumping and BTC and a lesser extent ETH Dominance drop off as general market fomo dies off. As the market cools we see the alts btc n eth all slow down esp on volume and start to trade more sideways as btc.d and eth.d drop off then if dollar index spikes or continues to spike and we see esp BTC.D drop then spike as well as the rest of the market starts to down trend. (We may see a mini false ETH rally as money scrambles to exit the ALT markets but then she should drop with rest of market) as BTC and ETH dominance rise in correlation with us dollar index. I keep saying this is a great simple but reliable indicator that has been quit accurate of late esp in crypto not just traditional markets.
_ALL IN ALL i think the bear times may be gone for good at least for a bit. not saying we wont see the market go sideways or and down but generally its on the rise up in fits and starts. AI programs now can easily and quickly check code on projects among other advances that will only bring more solid confidence into crypto. the world was not ready in 2017 thats for sure and last time (the 2020 -2021 2022run) FTX and in general to much greed and meme coins just got a bit out of hand plus cross chain security is a major problem or was especially an issue (see record breaking hacks or exploits due to bad, rushed out code) that and fiat on and off ramps less KYC the better. We are seeing the dots get connected, and the tech advances by AI and other means are helping validate this space as we grow. maybe this third times the charm to get some lasting and larger range crypto market cap via the world masses.
/HGM 0Ut_
_Look for BTC.D to dominate and suck the market down a touch. Dont think an outright reversal but just a retrace as we get through this BTC level (this is the last wall b4 a bit of a run through "open air" if we get above this current level
ie not much trading action ever on the above level and should be fairly easy to run another 10 percent or so after this small re trace and pull back. scalp-taculer set up for sure