While the crypto market has seen some red this week, the bigger picture remains intact. Let’s zoom out and make sense of the current correction.
🔸 TOTAL Market Cap (left chart)
The structure remains overall bullish, trading inside the red rising channel.
After a solid rally, the market is currently pulling back toward a strong demand zone – perfectly aligned with the lower trendline. This area is likely to act as a major support, from which the next bullish impulse could kick off.
🔸 USDT Dominance (right chart)
USDT.D remains overall bearish, trading inside the red falling channel.
It’s currently pushing higher toward a well-defined supply zone, which also intersects with the upper red trendline. As long as this area holds, we expect sellers to take over again — giving altcoins the space they need to bounce back.
📌 In simple terms:
The market is in a healthy correction. Don’t let short-term dips shake your long-term view. The trend is still your friend.
➡️ As always, speak with your financial advisor and do your own research before making any investment decisions.
📚 Always follow your trading plan => including entry, risk management, and trade execution.
Good luck!
All strategies are good, if managed properly.
~ Richard Nasr
🔸 TOTAL Market Cap (left chart)
The structure remains overall bullish, trading inside the red rising channel.
After a solid rally, the market is currently pulling back toward a strong demand zone – perfectly aligned with the lower trendline. This area is likely to act as a major support, from which the next bullish impulse could kick off.
🔸 USDT Dominance (right chart)
USDT.D remains overall bearish, trading inside the red falling channel.
It’s currently pushing higher toward a well-defined supply zone, which also intersects with the upper red trendline. As long as this area holds, we expect sellers to take over again — giving altcoins the space they need to bounce back.
📌 In simple terms:
The market is in a healthy correction. Don’t let short-term dips shake your long-term view. The trend is still your friend.
➡️ As always, speak with your financial advisor and do your own research before making any investment decisions.
📚 Always follow your trading plan => including entry, risk management, and trade execution.
Good luck!
All strategies are good, if managed properly.
~ Richard Nasr
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.