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Strong Confluence of Short Signals in Sol
Solana
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Strong Confluence of Short Signals in Sol
Oleh holeyprofit
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31 Okt 2023
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31 Okt 2023
I think crypto is in general in the top of a bear market rally starting off the FTX bust.
I keep seeing posts talking about how "Bear are saying xxx just like they were at the Nov low".
The Nov low was quite obvious. Bad news. Butterfly spike low.
As a bear, let me assure you it's not only people who missed the low that think crypto is a short now.
It's traded right up into the classic retracement levels a downtrend would suggest.
Big decision area now. If we can get higher, then there's a strong case for buying the retest.
Buying crypto where it currently is, I'd give gamblers odds. Might be lucky, isn't a wise move.
I have bears about 70/30 favourite here for 1:4 or more RR. No brainer fade.
Harmonic Patterns
Trend Analysis
holeyprofit
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