ADXVMA Looking Bearish
Updated
ADXVMA suggesting that BTC will break from the triangle to the down side. If I short this it will be after it breaks downward significantly then attempts to tag 10k.
Like on eth no trade yet but something to watch.
I think breaking to the down side would actually be better in the long term for larger moves to the up side beyond 20k since more consolidation means more power to move north.
There is a large low volume pocket below 10k and filling that region in would make for a much stronger base to then push higher than the all time high.
This is a chart that says be patient and don't rush in.
Like on eth no trade yet but something to watch.
I think breaking to the down side would actually be better in the long term for larger moves to the up side beyond 20k since more consolidation means more power to move north.
There is a large low volume pocket below 10k and filling that region in would make for a much stronger base to then push higher than the all time high.
This is a chart that says be patient and don't rush in.
Note
ADXVMA printing green background after the red so it's still clearly choppy:I actually scalped long xrp yesterday since it's definitely not clear that the bear market is large an in charge. The main short I would be looking for is after the big AB dump and retrace on the chart anyway.
This is a two-way trade region. Don't hold for runners, use smaller targets and protect from losses aggressively.
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