Total Quality
Score
If You Had Traded on This Analysis…
Fail
BTCUSDT
Entry 104,676.0000 2025-05-31 21:14 UTC
Target 68.3100
Fail 60.3100 In 45 Minutes
Risk / Reward 1 : 1
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Final PnL
99.94%
P/L:
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BTCUSDT
Fail
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
Body
This video analyzes Bitcoin dominance and altcoin performance against Bitcoin. It notes Bitcoin dominance is at 64.32%, with a cycle high of 65.38%. Altcoin pairs are making new lows against Bitcoin, but Ethereum against Bitcoin is comparatively higher. This suggest pullbacks in the ETH/BTC pairing correlate with lower lows in the total altcoin market cap relative to Bitcoin. The analyst suggest a potential convergence of altcoins to the range lows. The video speculates altcoin may decline to around 0.32 by June, drawing a parallel to the .33 value recorded the last day of May. The current downtrend may continue into November, similar to the trend in the prior year. Overall a bearish tone in altcoin, which may face the prior level.
Principled
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