Lots of people have been talking about buying the dip in bitcoin miners, but bitcoin miners look like they have a long way down to go from here.
You can see w/ Heikin Ashi candles that the trend has changed and we've rejected off of the trend line.
From here, I think it's likely that WULF retraces all the way back to retest it's support at $.80 before a real move higher begins.
Invalidation of this would be if WULF can find support in the $3 range and rally back up above the top trend line.
Let's see what happens from here.
You can see w/ Heikin Ashi candles that the trend has changed and we've rejected off of the trend line.
From here, I think it's likely that WULF retraces all the way back to retest it's support at $.80 before a real move higher begins.
Invalidation of this would be if WULF can find support in the $3 range and rally back up above the top trend line.
Let's see what happens from here.
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