Grayscale are distributing - www.coinglass.com/Grayscale
The SHORT will be invalidated if one of the situations occur:
- Crypto TOTAL breaks 2T with high volume
- BTC/USD breaks 52K
- Crypto News (Russia/Ukraine/Canada etc)
Strategy - We SHORT Blue Line in RED/SELL zone, we LONG Blue Line in GREEN/BUY zone. Currrently we are not there yet.
BTC/USDT currently is pushing price with poor volume = bearish until further notice.
The SHORT will be invalidated if one of the situations occur:
- Crypto TOTAL breaks 2T with high volume
- BTC/USD breaks 52K
- Crypto News (Russia/Ukraine/Canada etc)
Strategy - We SHORT Blue Line in RED/SELL zone, we LONG Blue Line in GREEN/BUY zone. Currrently we are not there yet.
BTC/USDT currently is pushing price with poor volume = bearish until further notice.
Comment:
ALSO, it's important to note, if BTC does go to 52K and BTC.D rises, alts will dump while everyone FOMO's into BTC. BTC can be 52K but TOTAL may not be much higher. THEN we could see BIG DUMP
Comment:
OOF
This is why it's important not to rely on the indicator 100% without using other TA. Bare in mind both time zones and feel free to change your mind on the market when alternative situations occur