Things are turning down per yesterdays analysis.
Bearish EMA Cross on 1HR shows downtrend will continue.
Fake pump did not work to return buyers to volume.
Rounded top pattern and long upper wicks (Tailing tops) all indicate market exhaustion. Lack of buyers.
Fear and Greed index is at 89. December 2018 selloff was over 90. Rarely gets over 80, so we are VERY close to selloff.
We need to see continued downtrend on 4HR Gaussian Channel penetration for Daily to become Bearish.
Gaussian Channels are lined up like domino's to fall one after the next.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.
Bearish EMA Cross on 1HR shows downtrend will continue.
Fake pump did not work to return buyers to volume.
Rounded top pattern and long upper wicks (Tailing tops) all indicate market exhaustion. Lack of buyers.
Fear and Greed index is at 89. December 2018 selloff was over 90. Rarely gets over 80, so we are VERY close to selloff.
We need to see continued downtrend on 4HR Gaussian Channel penetration for Daily to become Bearish.
Gaussian Channels are lined up like domino's to fall one after the next.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.