No ALT szn yet ••• Total ex BTC & ETH
𝕄𝕒𝕣𝕜𝕖𝕥 𝕊𝕥𝕣𝕦𝕔𝕥𝕦𝕣𝕖 𝔹𝕪 𝕁𝕠𝕠𝕡
—————
No ALT szn yet ••• Total ex BTC & ETH
3d total chart
• after every collapse, we get a consolidation phase (bear market) → white
• price broke out from the red rising wedge (bearish pattern) & even the target of the wedge hasn’t been reached yet
• green → resistance + broke out + retest
• Confirmation:
- daily Pivots (yellow) + the second pivot is lower & we r in the retest phase
- low volume (blue line)
- RSI showin clear consolidation
- aggregated spot CVD → in its lowest form = no one is buyin BTC itself, let alone others
Conclusion
• min one more leg down
• any pump is liquidity grabbin (liquidity driven market)
Stay blessed ••• Joop