IvanLabrie

$BTCUSD: Daily trend turning down...

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IvanLabrie Diupdate   
COINBASE:BTCUSD   Bitcoin
Very clear signal here, I tweeted about the trend reversing in Ethereum and Solana during the weekend, now that TradFi is active in crypto markets, Bitcoin is joining this trend with a down trend signal triggering today.

I would assume this to be a correction in a larger trend, but we need to give it the benefit of the doubt that it could be a longer lasting top before the next halving. Either a correction or a reversal of the uptrend we had since late 2022. I've hedged my crypto exposure 2 days ago personally.

If prices stay basically below last week's high across the board we can expect continued downside for a week or two in most coins here. Stay safe out there.

Best of luck,

Ivan Labrie.
Komentar:
Komentar:
Still bearish, no reason to cover or go long...
Komentar:
Down trend was clear from here already.

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