Retail trader are still not giving up their long position, every one wants a big part of the cake.
The market makers are holding their short position. Exchanges are waiting for the moment to dump all longs to liquidation. (watch Coinglass and check MDXalgo).
Volume is increasing, most of miners are taking profits, you can check this in famous mining stocks. $DXY is showing a potential double top, but is still not showing any weakness.
Anyways the indicators are showing us that we could prepare for another leg downwards. MACD is showing a potential overbought scenario and RSI is dumping.
Good luck, don't get rekt always play with stop loss.
The market makers are holding their short position. Exchanges are waiting for the moment to dump all longs to liquidation. (watch Coinglass and check MDXalgo).
Volume is increasing, most of miners are taking profits, you can check this in famous mining stocks. $DXY is showing a potential double top, but is still not showing any weakness.
Anyways the indicators are showing us that we could prepare for another leg downwards. MACD is showing a potential overbought scenario and RSI is dumping.
Good luck, don't get rekt always play with stop loss.
Comment:
I meant piece of the cake