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Message Subject Crypto bottoms when we have our next "world event" similar to covid pandemic
Poster Handle nemo_solus
Post Content
Howdy Cheese!

Things are looking nice and green today, hopefully your trades are going well too!

https://imgur.com/a/kI2KSQ4


Looks like BTC has made a decision to test the upper resistance zone. Closed the day testing the MA100 (blue) and is working towards the MA200 (green) next on the daily chart.


https://imgur.com/a/wS566PA


Cash has really picked up moving into the market since yesterday, now at approximately 62% of the way to the expected target of the lower support line.

Still in the same long trades, trailing stops as before.

Still considering this an exit pump until proven otherwise.

I'm not sure how long the run up will last and of the mind that although there may have been some semi-OK news on the FTX front today, the full damage to the market is still there and just waiting to be recognized.
 
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GLP