Believe it or not looking across the market as a whole I see alot of bullish price action and I do believe we could be getting to put in a leg crypto wide higher. However, if you wanted to hedge your longs with a potential short set up, just in case, I think tron here looks good for just such a set up. If the market as a whole begins to show weakness again I think...
We are consolidating under the 4 hour 200 ma. I think we get another flush lower before getting some relief in a dead cat bounce rally to the upside. Something similiar to what played out on the left side of this chart. Chop sideways and lower over the next month or two would not surprise me. Bullish into end of the year. Peace
I pray this happens, would love to see all the bull scum fomo boiz absolutly rekt, I doubt it will because bitcoin is like basically perma up only asset and bears are traditionally rekt. But one can hope.
We have a failed bull momentum play to the upside. I personally believe shorting as we retest some of these moving averages is the play. I hate to see it bc I own spot bitcoin, but I think down is the way short/mid term.
We have broken out of a falling wedge on the inverted daily chart. Fading this move so early is a recipe for disaster imo and I think ultimately 46-43k (blue lines) make and obvious target point for a mid term swing position.