Bearish structures confirmed last week on Equities and havent been able to quite recover yet. Thought maybe we'd get a bigger rally back at least but Friday we got slammed with lotta sells. Market looking quite scary for bulls. Expecting initial reaction of more deadcat bounces here then a bottom. Need to see those dbl bottom structures again as we now have Weekly dbl tops confirmed here. Feeling the bearish tones.
BTC still within its RLZ. Nice tag of the 88.6 level there and support stepped up. Now trying form a base along that 78.6 level as well. This is where we need to see the bulls step up. Potential bull div still building and we were oversold on momentum. Deadcat bounce or not we should at least expect to see some fight here. Ideally need to wait for those dbl bottoms again.. ETH finally in its RLZ range tagging the 61.8 level. Same thing on momentum with potential bull divs getting closer to confirming and hitting oversold conditions. All were missing is a dbl bottom here as well to confirm. Looking better today then it was on Friday haha. Still early and waiting on structure here.
ALTs got nuked again and sadly all our recent positions (ENA, Pendle, LINK, AAVE, HYPE) all got washed and stopped. Only Manta survived the reckoning haha. Still waiting for those dbl bottoms in the index's. Atm we got a V bottom coming in, deadcat bounce most likely from all the sell pressure this weekend. Tough market as most are just slowly grinding lower. Seems like we need to really clean up those big tails left behind. Waiting for new setups now and for those bullish structures in price to show. We are at extreme fear so eventually something should pop. Just a matter of when and how strong 🙈🙏. Show me them dbl bottoms!
Post #3968
678




