If we start closing weekly candles above the 21 week ema and holding it for a month or two, i will get back in. For now we are still consolidating in a bear trend.
I'm already 100% out. Ain't looking too good. If i had to guess i would say that we are in the anxiety faze, post btc cycle top.
Have fun hodling alts.
But it still doesn't look good.
Soon retest of 30k. And i would say we have 2 more times the most of testing 30 before we break down. If we break below 30 its lights out to 20 and even lower. Forget about the bull market for the next 2 years.
We might be forming the right shoulder of a huge HnS. If we measure the % drop form the top to the break like the target comes to around 15k. We need to close this week above 45k or its bad news. For now im neutral. But there is a potentially huge dump which will be perfect as no popular model projects a bear market at the moment.
It looks like we are reloading on the daily to go lower. Careful with those leveraged longs.
We need to start closing daily, weekly candles above 46k in order to resume the uptrend. And we need to do it the next 2 weeks. Its a gamble to buy down here.
Usually when it drops that much after a pump its over for the cycle. Not only that but the MACD on the weekly crossed and we closed below the 21 week ema and there isnt even that much selling volume going on right now. I just dont see us having enough power to get back the losses from the past 2 weeks fast enough. That means that we lost the momentum trade on the...
You better pray that we break up and not down. Because if we break down its 20 - 25k dump time.
We need to snap back above the 21 ema next week or we will revisit the 200 week ma. Im 70 % bearish right now.
If we go below the bodys of the dip. We will most likely fill the wicks down to 30.
21500 main target. I hope it doesn't happen, but its on the table.
The opportunity to average between 14 and 17 was perfectly and swiftly hit. Now its technically and fundamentally aligned for another pump. Im thinking up to 30 on pure speculation and if the test flight actually goes trough up to 50.
If we bounce strong the next 2 3 weeks and start closing above 21 week ema the monthly trend can still carry us higher. But if we start closing 2 3 weeks below the MA the moment can start shifting on the weekly and we can renew the dumps. We are 50 50 right now.
If we bounce strong the next 2 3 weeks and start closing above 21 week ema the monthly trend can still carry us higher. But if we start closing 2 3 weeks below the MA the moment can start shifting on the weekly and we can renew the dumps. We are 50 50 right now.
Sold 25% of my crypto just now. As far as im concerned i cant lose money in the market any more. Still bullish, but i had to do it. 55 % drop could be the first dump of a bear market. It doesn't happen every day.