pepeltoro

pepeltoro

There is still room to go down. There is no sign of capitulation, such as the spike in volume and long wick candle that marked the end of the 2015 bear market, followed by an accumulation period. Also weekly EMAs look far from invert and turning bullish. I expect a large sale-off in the 5.7-6k. This is a perfect resistance zone to leave a large pool bulls trapped....

pepeltoro

Long-term EMAs are now significantly decoupled after a drop form ~$5,900 supprot, leaving no doubts we are in a bear market (duh?!). Though it was a significant drop, it does not look like we are in capitulation just yet. Comparing last bear market price drop and side-way correction/accumalation, seems like we are still half-way through. Expecting mid-term from...