Hi traders!
So, it´s pretty clear to me that this is a long correction, which doesn´t exactly mean that we´re actually on a long term -apocalyptic- downtrend. From a long term perspective, we´re still on. Nevertheless, we should never be on the loosing side of the table. We saw mayor bull activity not so long ago, and it´s going down there to test that area: if it holds, we could see some mayor buying pressure -perhaps to have a greater mid-term downtrend correction-, but if it also breaks that strong trendline, we can see a recapitulaton of cryptos momentum.
What do you think? Leave your opinion. I´ll love hearing it.
So, it´s pretty clear to me that this is a long correction, which doesn´t exactly mean that we´re actually on a long term -apocalyptic- downtrend. From a long term perspective, we´re still on. Nevertheless, we should never be on the loosing side of the table. We saw mayor bull activity not so long ago, and it´s going down there to test that area: if it holds, we could see some mayor buying pressure -perhaps to have a greater mid-term downtrend correction-, but if it also breaks that strong trendline, we can see a recapitulaton of cryptos momentum.
What do you think? Leave your opinion. I´ll love hearing it.