$BTC.D EMA's just crossed bearish (first time in 5M) Alts a | Dentoshi on Binance Square

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$BTC.D EMA's just crossed bearish (first time in 5M)
Alts are retesting their freshly reclaimed EMA's
..and Coinbase AppStore Position is 276
ok ok ok

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$BTC The structure we just created is a must hold if we wanna do any upside continuation soonish. If we hold: 1D 100, W/O & lows defended, could be just a range forming with ''war deviation'' before move up. If we breakdown - 95x's most likely

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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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$ETH really respecting trends like a king out there

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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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