The major moving averages gathering above price and many beginning to travel downwards can give the strong impression of price being pressured to drop. Failing to retain support on the 200 moving averages can signal a fall into a long term bear trend. Have to be prepared for the potential realities of a major 50% + crash.
That said the movement below can offer a rally and with the continued higher lows building a base.. the rally may turn this current range into a mid term bottom. If rebuilding a position in the crypto market it may not be offering the worst point to add a portion.
Obviously have to keep your hat about you as the movement could be aggressive either way.. just want to make sure youre allocated so either way is okay
That said the movement below can offer a rally and with the continued higher lows building a base.. the rally may turn this current range into a mid term bottom. If rebuilding a position in the crypto market it may not be offering the worst point to add a portion.
Obviously have to keep your hat about you as the movement could be aggressive either way.. just want to make sure youre allocated so either way is okay
