The main view of this trade idea is on the Daily Chart.
The Crypto 10 Index appears to have made a double bottom around the 18,000 support level. The Cryptocurrency Index also seems to be in the midst of a triangle breakout from the resistance line at the lower highs of 25,950 and 24,450. If the breakout occurs, the Crypto 10 Index could be seen...
Long term long this space but this can get uglier and/or can not improve for a long time
Full transparency I am still long some crypto but I significantly reduced my exposure earlier this month/year
I know that it has been a rough couple of days in the markets.
The Fear & Greed index is pushing us into "extreme fear" territory. The sentiment on CT is not the healthiest it has been for some time.
So, I am here to give you a much-needed dose of hopium! That is in the form of an institutional crypto report from the folks over at Arcane...