RE: RE: My Thoughts About the Current Crypto Market
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RE: My Thoughts About the Current Crypto Market

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4y

Interesting times, still can't be 100% certain if we're in a full on bear market or just a correction phase in a sideways one. ETH has gone up against Bitcoin though, which isn't an indicative of a bear market as of yet where alts bleed drastically against Bitcoin. But if the uptrend support of altcoin dominance (100-Bitcoin Dominance on tradingview) breaks, then I believe we're in a lot more pain to come.

Also, RSI on weekly chart is already down to 33 at the same level as during the corona dip. Historically it has barely gone below 30 which makes you think that there's not too much more down to go. Macro environment has shifted though, so who knows.

Luckily I have been bit more wiser this time by having accumulated some stables if the floor breaks.

@celestal: Interesting times, | Ecency