If bears have their way, things are about to get a lot worse before they get better. I'll say this from experience, never underestimate the crypto market's ability to go down. When I told people people BTC was going to fall from 60k to 30k, they laughed. When I said it was going to 20k and lower, I was told it is impossible. Don't be surprised if you see BTC at 10k or lower in few.
Comment:
Channel is holding up.
NFA/DYR
NFA/DYR
Comment:
Channel respected
NFA/DYR
NFA/DYR
Comment:
Major rejection on the channel breakout. Lets see what happens with the next daily candle.
Comment:
A different perspective, make of it what you will.
A couple of things need to happen before I switch my sentiment to a bull market, see if you can figure out what.
Total marketcap chart
A couple of things need to happen before I switch my sentiment to a bull market, see if you can figure out what.
Total marketcap chart
Comment:
Current situation
Total market cap
Total market cap
NFA/DYR.