Crypto TOTAL
Updated
Grayscale are distributing - coinglass.com/Grayscale
The SHORT will be invalidated if one of the situations occur:
- Crypto TOTAL breaks 2T with high volume
- BTC/USD breaks 52K
- Crypto News (Russia/Ukraine/Canada etc)
Strategy - We SHORT Blue Line in RED/SELL zone, we LONG Blue Line in GREEN/BUY zone. Currrently we are not there yet.
BTC/USDT currently is pushing price with poor volume = bearish until further notice.
The SHORT will be invalidated if one of the situations occur:
- Crypto TOTAL breaks 2T with high volume
- BTC/USD breaks 52K
- Crypto News (Russia/Ukraine/Canada etc)
Strategy - We SHORT Blue Line in RED/SELL zone, we LONG Blue Line in GREEN/BUY zone. Currrently we are not there yet.
BTC/USDT currently is pushing price with poor volume = bearish until further notice.
Note
UPDATE - on 4 Hour we are actually currently in the BUY zone, sitting on top of a Dynamic Support + VWAP, however, there are Bear Divergences on Volume AND RSI so I expect this Orange support to break to low 40's for nowThis is why it's important not to rely on the indicator 100% without using other TA. Bare in mind both time zones and feel free to change your mind on the market when alternative situations occur
Note
ALSO, it's important to note, if BTC does go to 52K and BTC.D rises, alts will dump while everyone FOMO's into BTC. BTC can be 52K but TOTAL may not be much higher. THEN we could see BIG DUMPNote
OOF
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