Literally every BitMex coin has broken down from support. If you're long, you're wrong.
A lot of major altcoins have broken through support or are in the process of breaking through support. Slowly but surely, they are following in the footsteps of the dotcom companies that crashed 95-99% before the end was near. I'll assume total capitulation until proven otherwise (higher highs and higher lows on high time frames).
Total gain is 420% over 9 months of bear market. docs.google.com
3D chart looks bad. 1. Stochastic DMI triple top and curving down 2. Stochastic RSI overextended and curving down 3. Fisher Transform downtrend 4. Price still below the 21 EMA resistance, where it might bounce off and dump 5. Laguerre PPO reset and curving down 6. Long-term symmetrical triangle, which is usually a bearish continuation pattern 7. 168 is the yearly...
CGC 1W looks bad. Short to the weekly order block between 32.7 and 24.5
3D chart looks bad. 1. Stochastic DMI triple top and curving down 2. Stochastic RSI overextended and curving down 3. Fisher Transform downtrend 4. Laguerre PPO reset and curving down 5. Price still below the 21 EMA resistance, where it might bounce off and dump 6. Long-term symmetrical triangle, which is usually a bearish continuation pattern 7. 168 is the yearly...
It's in the middle of a bunch of trend lines. Which way will it go? We shall find out soon enough!