Crypto set for further decline
Until the next bitcoin fork, theres no real fundamental reason to stay on the buy side of this market, and technically its still at euphoric highs,
Quarterly:
- As you can see were still extremely high in the price range and theres plenty of space between where we currently are and the mean.
Monthly:
- From this timeframe you can see the market is beginning to see a change in bias, the last high was nothing spectacular and now we have broken back well within the range for the last 3 months.
Weekly:
- From this perspective you can tell price is starting to close outside of the parallel channel.
Daily:
- Buyers failed to test the top of the range and the broken trend line from the previous breakout low.
Quarterly:
- As you can see were still extremely high in the price range and theres plenty of space between where we currently are and the mean.
Monthly:
- From this timeframe you can see the market is beginning to see a change in bias, the last high was nothing spectacular and now we have broken back well within the range for the last 3 months.
Weekly:
- From this perspective you can tell price is starting to close outside of the parallel channel.
Daily:
- Buyers failed to test the top of the range and the broken trend line from the previous breakout low.
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