Since the 1st of Oct. 2021, according to our proprietary algorithm, the Total Crypto Market has entered in an uptrend ... We have several downtrend alerts but they need to be confirmed by a break of the algorithm below 5.0
Now, a down signal was generated ( last green diamond)... however, probabilities of a trend reversal are still not in line with this signal since our probability calculator is still showing odds of the uptrend continuation between 73% and 80% but the past few days the odds of an uptrend continuation are slowly weakening... So if in the coming days price is...
Uptrend probability: between 61% and 75% Uptrend probabilities are still high but have been dropping for the past few days indicating that the last down signal (green square) could be validated. We are waiting for the support line (red line) to be broken and the probability from our algorithm to drop below 50% to turn short.