Eth bear market vs Sol bear market
Comparing the 2, we can see multiple similarities with some differences. Difference being Sol had an extra wave up as suggested by the bearish RSI divergence and above the RSI MA.
We can POTENTIALLY deduce that the extra bounce was due to the fact that few saw bitcoin topping out where it did fooling of us an incoming leg up.
We've seen eth go through a similar pattern.
The possibility of another leg down is present and we should have proper risk management even with bounce at key levels.
Crypto rarely follows the rules of supports, resistances, and tends to overshoot above and below where we Believe it will go. Alts especially
No one knows where it will go from here for certain
Comparing the 2, we can see multiple similarities with some differences. Difference being Sol had an extra wave up as suggested by the bearish RSI divergence and above the RSI MA.
We can POTENTIALLY deduce that the extra bounce was due to the fact that few saw bitcoin topping out where it did fooling of us an incoming leg up.
We've seen eth go through a similar pattern.
The possibility of another leg down is present and we should have proper risk management even with bounce at key levels.
Crypto rarely follows the rules of supports, resistances, and tends to overshoot above and below where we Believe it will go. Alts especially
No one knows where it will go from here for certain
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