Im short I cant ignore the signals on higher time frame thats indicating we havent bottomed yet. 5th wave in the making.
- Rsi broke to the downside on multiple medium-high timeframes
- Huge bearish divergence
- Elliott wave rule of alternation playing out here were our 4th wave is the more deeper and complicated correction wave.
- 3rd wave hit the 1.618 almost spot on.
non technical:
- Overall narrative still too much pressure on the crypto market, I just dont see us breaking all time highs anytime soon
- Rsi broke to the downside on multiple medium-high timeframes
- Huge bearish divergence
- Elliott wave rule of alternation playing out here were our 4th wave is the more deeper and complicated correction wave.
- 3rd wave hit the 1.618 almost spot on.
non technical:
- Overall narrative still too much pressure on the crypto market, I just dont see us breaking all time highs anytime soon