dont fight the trend
The medium-term trend is definitely down, therefore it is relatively safe to assume that the odds of this current formation being a bear flag are quite high. Looking for a breakdown for a continued short here.
If major stock indexes continue in their own respective corrections as well (SPX and NDX are all correcting 10%+), there will be a continued slide in cryptocurrencies as well as confidence will be severely tested in the coming months.
If major stock indexes continue in their own respective corrections as well (SPX and NDX are all correcting 10%+), there will be a continued slide in cryptocurrencies as well as confidence will be severely tested in the coming months.
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