What people forget is that when crypto trends, it trends hard.



This is true in both directions.

I still believe we trend lower, and it’s going to be brutal.

94k remains the line in the sand.

Price has consistently struggled there throughout this entire downtrend, and a reclaim would turn this whole move into a deviation.

At that point, you don’t think about being bearish or shorting.

You don’t aim for 98k or 100k.

You wait for a move toward 108k, and for alts to at least double.

I don’t think there is a remote chance of that happening.

But even if it did, that's why I'm totally fine taking the L and missing this first part of the move (because the next part would more than make up for it)

This still looks like a bearish retest, especially with $BTC sitting under the range high.

A bearish retest is not a trend change.
BTC0.21%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)