Hey everyone, it's been a hot minute since I've posted anything.
Anyway, the last few days haven't been too great as we can see.
Right now, BTC is getting rejected at the 10 EMA. Additionally, the 10 and 30 have crossed over which is a bearish signal.
RSI is hovering above 40 and I expect it to drop a little more.
I would not touch alts at the moment and I've liquidated most of my positions. For the ones I'm still in, I have tight Stop Order's set.
General sentiment is neutral/bearish across the board. While there is positive news out there in regards to developments and regulation there hasn't been a major catalyst to get people interested again.
As I've mentioned previously, once regulations are in place, I believe that the market will turn a new page.
However, for now I'm going to be taking a break, sit in Tether and wait for a good confirmation before entering any new positions. I'd rather be 2 days late but have my money than jump in and get busted.
Anyway, the last few days haven't been too great as we can see.
Right now, BTC is getting rejected at the 10 EMA. Additionally, the 10 and 30 have crossed over which is a bearish signal.
RSI is hovering above 40 and I expect it to drop a little more.
I would not touch alts at the moment and I've liquidated most of my positions. For the ones I'm still in, I have tight Stop Order's set.
General sentiment is neutral/bearish across the board. While there is positive news out there in regards to developments and regulation there hasn't been a major catalyst to get people interested again.
As I've mentioned previously, once regulations are in place, I believe that the market will turn a new page.
However, for now I'm going to be taking a break, sit in Tether and wait for a good confirmation before entering any new positions. I'd rather be 2 days late but have my money than jump in and get busted.