We show what the current results of the bearish impulse look like on the crypto market in this hour. A slice from P73 CryptoMarket Monitor, for the TOP-200 crypto assets:
- on the 1-hour TF, another 15 assets have shifted into a sustained downtrend,
- on the 2-hour TF, 69 assets have shifted into a sustained downtrend, including #BTС and #ETH,
- on the 4-hour TF, 22 assets have shifted into a sustained downtrend, including #AVAX, #BNB, #LINK.
The monitor provides an auto forecast with a high probability of the market continuing its downward move.
Right now, it doesn’t look like a long squeeze. It looks more like a correction—at least the pump-and-rise from September 16. It’s hard to say more until the price of #BTC holds above the level of 75 761$. Which, according to our assessment, separates the bearish and bullish markets. BUT taking into account the fact that a number of assets, including top ones (BTC, ETH, SOL, etc.), shifted into a sustained uptrend during the week—now prices below 75 761$ - are no longer in the bearish market zone, but in the zone of opportunities for long-term purchases.
- on the 1-hour TF, another 15 assets have shifted into a sustained downtrend,
- on the 2-hour TF, 69 assets have shifted into a sustained downtrend, including #BTС and #ETH,
- on the 4-hour TF, 22 assets have shifted into a sustained downtrend, including #AVAX, #BNB, #LINK.
The monitor provides an auto forecast with a high probability of the market continuing its downward move.
Right now, it doesn’t look like a long squeeze. It looks more like a correction—at least the pump-and-rise from September 16. It’s hard to say more until the price of #BTC holds above the level of 75 761$. Which, according to our assessment, separates the bearish and bullish markets. BUT taking into account the fact that a number of assets, including top ones (BTC, ETH, SOL, etc.), shifted into a sustained uptrend during the week—now prices below 75 761$ - are no longer in the bearish market zone, but in the zone of opportunities for long-term purchases.
