In the world of crypto trading, patterns speak volumes, and one pattern that's caught attention recently is the Ascending Broadening Wedge. If you're a seasoned trader, you know that these rarely end well for the market. More often than not, they signal bearish trends ahead. đ
Right now, we're seeing USDT Dominance locked into this pattern for over 6 months.
đ Thatâs half a year of consolidation in a structure that typically points to downside risk. For those unfamiliar, USDT Dominance represents the market share of Tether (USDT), the most widely used stablecoin, in the crypto space. When USDT dominance rises, it usually means more traders are moving to stablecoins, potentially exiting volatile positions in altcoins or Bitcoin.
So, what does this mean? Right now, we could be witnessing just a bearish backtest of the pattern, meaning the market is retesting these levels before making a significant move. This isn't the end though. The real excitement comes after this period, where many believe we could finally witness the long-anticipated Altcoinseason! đâš
Altcoinseason is when altcoinsâcryptocurrencies other than Bitcoinâsee explosive gains, often outperforming Bitcoin in the short term. If youâve been following the charts and are eager for your favorite altcoins to surge, this could be the setup youâve been waiting for. đŻ
Historically, altcoin seasons come in waves, usually following periods of Bitcoin dominance. Once the market shakes off its bearish tones, itâs time for the altcoins to shine. Whether you're holding Ethereum, Solana, or one of the many promising DeFi tokens, this could be the perfect opportunity to position yourself for the next major bull run. đđž
đ Get ready and stay informedâthe coming weeks and months could define the next chapter in crypto!
#CryptoMarketAlert #AltCoinSeason #USDTScamAlert #TCUptober $SOL