$BTC Day 41 of holding a short position.
The market got off to a strong start today—another happy day for the bears! As I said yesterday, if the price can't reclaim 83,500, it will fall to around 76,000. I also reminded the guys in the group to take profits or cut losses on their long positions in time. At a time like this, whatever you do, don't trade against the trend.
Back to the market: Bitcoin's 4-hour M top is now fully formed. A short-term move toward 76,000 is practically a sure thing, so hold on to those shorts.
The bearish signals for $ETH are already very clear. Although the price has broken below the 2,450–2,530 consolidation range, the range's magnetic pull suggests the market will most likely be drawn back to around 2,450 to form a head-and-shoulders top. So I don't recommend chasing shorts on Ethereum today.
It's surprising to see US stocks among the top gainers in the altcoin rankings. This market is getting harder and harder to trade. However, $APT and LPT are likely to see a strong rebound once Bitcoin falls back to around 76,000, so be sure to hold on to them.
The market got off to a strong start today—another happy day for the bears! As I said yesterday, if the price can't reclaim 83,500, it will fall to around 76,000. I also reminded the guys in the group to take profits or cut losses on their long positions in time. At a time like this, whatever you do, don't trade against the trend.
Back to the market: Bitcoin's 4-hour M top is now fully formed. A short-term move toward 76,000 is practically a sure thing, so hold on to those shorts.
The bearish signals for $ETH are already very clear. Although the price has broken below the 2,450–2,530 consolidation range, the range's magnetic pull suggests the market will most likely be drawn back to around 2,450 to form a head-and-shoulders top. So I don't recommend chasing shorts on Ethereum today.
It's surprising to see US stocks among the top gainers in the altcoin rankings. This market is getting harder and harder to trade. However, $APT and LPT are likely to see a strong rebound once Bitcoin falls back to around 76,000, so be sure to hold on to them.