Daily cloture outside of a 1 year triangle on DOGE.
Tough days. This is one of the most bearish price action I've seen in the last 2 years there is litterally no retracement only dump even in low uts. And what is even more concerning is that open interest is still very high and fundings are almost no negative after a 50% correction, you can easily guess oi is mostly high because of longs considering of the timings...
A retest of the weekly support is very likely, at this point the breakdown is confirmed. And if we can't hold the weekly support we'll probably get a retest of the major uptrend. You can expect big volatility on crypto currencies the next weeks because of the major correlation to SPX. To find the BTC bottom find the major american indices bottom.
Hi, my last bearish ta is definitely invalidated we passed the last downtrend that I was watching consciously and breakup the 618 fibo formed from 41k to 29k. I think we should naturaly go back to the top of the range at 40-41k but I have no idea what will happen next, we can either have a big reject like the last time or have a clear breakup. Have a good day.
Everything is explained on the chart.