On the monthly chart there’s a candle I can’t ignore. When ever I’ve seen a candle that takes out both the high and low of the previous candle at the top of a trend is usually an indication of a pending correction.
I’m not saying bear market but a candle like that deserves a little attention, the fact that a majority of alts look like they want to fall off a cliff is not a good sign.
It’s a confusing time in the market but I would prefer a correction sooner rather than later.
I’m not saying bear market but a candle like that deserves a little attention, the fact that a majority of alts look like they want to fall off a cliff is not a good sign.
It’s a confusing time in the market but I would prefer a correction sooner rather than later.