The double 13 signal the other day likely produced the 2 selling pressure days. However today we saw a strong move that, very importantly, made another price flip. The setup count is now reset to the upside. Yes the yesterday price flip would indicate a good short opportunity, but given the strong move today, producing a piercing line pattern, $BTC shorts might want to take a step back and wait for better confirmations.
For myself, I'm still holding my $DOGE bags, it is the weak performer so far in terms of holding up to strength. I still look at $BTC and $ETH to determine the major movement of cryptos.
We can see more confirmations for both sides once we break out of this consolidation
For myself, I'm still holding my $DOGE bags, it is the weak performer so far in terms of holding up to strength. I still look at $BTC and $ETH to determine the major movement of cryptos.
We can see more confirmations for both sides once we break out of this consolidation
