Very clear signal here, I tweeted about the trend reversing in Ethereum and Solana during the weekend, now that TradFi is active in crypto markets, Bitcoin is joining this trend with a down trend signal triggering today.
I would assume this to be a correction in a larger trend, but we need to give it the benefit of the doubt that it could be a longer lasting top before the next halving. Either a correction or a reversal of the uptrend we had since late 2022. I've hedged my crypto exposure 2 days ago personally.
If prices stay basically below last week's high across the board we can expect continued downside for a week or two in most coins here. Stay safe out there.
Best of luck,
Ivan Labrie.
I would assume this to be a correction in a larger trend, but we need to give it the benefit of the doubt that it could be a longer lasting top before the next halving. Either a correction or a reversal of the uptrend we had since late 2022. I've hedged my crypto exposure 2 days ago personally.
If prices stay basically below last week's high across the board we can expect continued downside for a week or two in most coins here. Stay safe out there.
Best of luck,
Ivan Labrie.
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Still bearish, no reason to cover or go long...
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Down trend was clear from here already.