Considering its distance from daily EMAs I believe we'll see some consolidation and maybe even a short counter-trend rally.
Unless it closes above 0.0057 sats I'll assume we're still in downtrend.
Let the profits flow!
DISCLAIMER: Please note that my trading approach is trend following. I don't try to make predictions. I don't try to catch the bottom or the top. I don't try to be right. I try to be agile and flexible enough to join the right side before it's too late. Please also note that I'm a swing trader using daily charts.
Entry and exit signals are not universal in trading. They should be determined according to the trading method used. If your trading approach and my trading approach don't match, please do NOT consider them relevant for your own purposes.
- A spike in price just before the halving
- A sharp drop following the halving
- Price normalizes under normal conditions, that can be upwards or downwards based on the asset