Over the last several posts, we’ve shown bullish patterns that should have moved higher by now, and more recently out “battle of the patterns” post clearly showed time was running out and the bears were gearing up for a move, highlighted by a short trade for DOGE that offered a clear edge for bears and has since started to move lower.
Today, nearly the entire crypto market is moving lower with higher volume so far — that’s what a real move looks like so time to make sure your trade strategies are dialed in to stay safe.
That said, close is still what matters to confirm a move lower, and if we’re starting a real bear move, we’d expect to see confirmation tomorrow with even lower prices (bearish follow through).
The only bullish signs to report at the moment is we’re not crashing to test 2018 lows (yet) and could recover $3500 BTC by close today or even tomorrow and this would be just another headfake in this long consolidation. We’ll also note that WAVES has not dropped today like other midcap alts so that may present a SAFE trade if we see a market recovery by close today or tomorrow (watch for update with chart if that occurs).
Multiple charts to review and most show the price levels where increasing volatility is high probability — definitely want to watch closely — there are multple SAFE trade entries buying or selling if you want to do more than watch as well.
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