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Dentoshi
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really respecting trends like a king out there
#ETH
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Dentoshi
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We had beautiful trends holding in a not so beautiful environment, usually a good sign as long as it lasts. Those trends are now showing weakness, signalling that we're getting chop at best, downside at worst. Combined with seasonality – not the best picture for the short term, unless something changes on the macro/geo-political front. Still some plunge protection 1D EMA's on the downside for $ETH, but this trend looks tired.
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gm, hard to make predictions — i'm no macro expert and levels don't mean as much during geopolitical turbulence. some facts though: - $BTC failed breakout attempt, back at the lows and 4H EMA. - $ETH back at 1D EMA's & (close to) range lows, failed breakout attempt too - $TOTAL rejected by bossman trendline, back at the lows - Tons of alts tried to break above their 4H EMA's, almost all of them are back below, signaling a downtrends / chop environment - $OTHERS looking messy As always, things can be saved, if we want that to happen in the short term then the spot would be close to here, i'd say. If we can't, more chop / down, long summa. I think in the past, war FUD often has been a good buy, thing is that we don't know whether this was 'it' or not. Probably better off buying some significant LTF strength/reclaims, vs betting on knowing how this is gonna play out in the short term.
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current bullish thesis is that i spent way too much money so the coins need to go up
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need fuel :) - leg day - altcoin market scan - @krakenfx spaces tonight
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Serious battle going on between quarterly range & 1D EMA's for $ETH Until either side breaks, no clarity and more chop for alts. If we manage to break & stay above 0.25, fireworks incoming imo if not, well..
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