This chart shows the correction/bullrun times throughout the year. What's different about this correction though is that it's taking longer than usual. Normally we get a solid, high-volume bounce once the 150-200 EMA is hit. We're still above that however, so I'm still bullish. I won't trade this though, the market seems way too indecisive.
I consider it bearish once we get a 50-200 EMA cross. I have no idea what would happen to alts but based on the severeness and velocity of the downtrend the markets might bleed hard. I'm currently not trading, just holding.
I consider it bearish once we get a 50-200 EMA cross. I have no idea what would happen to alts but based on the severeness and velocity of the downtrend the markets might bleed hard. I'm currently not trading, just holding.