Around a week ago I made a post where I discussed how one can easily define whether crypto is bullish or bearish. Check it out if you haven't read the post yet.
As you can see on the chart, Bitcoin is still bearish. As long as we're below the dotted line, I'm very cautious and you should be too.
However, there's some light at the end of the tunnel. After a strong drop, there are always some front-runners who signal that better times are coming. Exactly the same happened during the summer crash, here it was AXS and SAND that made a huge bullish move before the rest. In September we had COTI and a couple of others.
Now, we have LUNA, AVAX, HBAR and HOT which are front-running the market and potentially signalling a bullish reversal soon. See charts below.
As you can see on the chart, Bitcoin is still bearish. As long as we're below the dotted line, I'm very cautious and you should be too.
However, there's some light at the end of the tunnel. After a strong drop, there are always some front-runners who signal that better times are coming. Exactly the same happened during the summer crash, here it was AXS and SAND that made a huge bullish move before the rest. In September we had COTI and a couple of others.
Now, we have LUNA, AVAX, HBAR and HOT which are front-running the market and potentially signalling a bullish reversal soon. See charts below.
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AVAX chart is double, should be LUNA.