We knew this dump was coming. We knew THESE dumps were coming. Time is not important, Price level is.
The trend is clearly down for now. The waves are beautiful and simple to read. Of course there is a case where this is just a wave 2 correction, but that's not my main bias right now. Volume and other oscillators on higher timeframes are clearly pointing to downwards momentum. The MTF indicator by CryptoHeat is indicating a fakeout upwards on the 2-Week timeframe and that speaks loads to what will happen in the coming weeks/months.
As always, trade safe, and don't forget your stop loss, even when trading with the trend.
The trend is clearly down for now. The waves are beautiful and simple to read. Of course there is a case where this is just a wave 2 correction, but that's not my main bias right now. Volume and other oscillators on higher timeframes are clearly pointing to downwards momentum. The MTF indicator by CryptoHeat is indicating a fakeout upwards on the 2-Week timeframe and that speaks loads to what will happen in the coming weeks/months.
As always, trade safe, and don't forget your stop loss, even when trading with the trend.
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Follow me on Twitter: twitter.com/FlokiCrypto
Video learning on Youtube: www.youtube.com/c/flokicrypto
