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crypto update: another spike fails as rally lacks momentum. stocks slightly off lows in thin holiday trading. you may like. you must be logged in to post a comment login. leave a reply. you must be logged in to post a comment.
home based online business crypto bulls are having another rough period, as despite the recent rally in bitcoin, the segment remains very week from a short-term technical perspective, and most of the major altcoins are close to testing their multi-month lows. while btc is still holding up relatively well amid the selling pressure, the largest coin is also close to violating its previous swing low, and by that, exiting the short-term uptrend. with no significant positive outliers among the smaller coins, the bearish trend looks strong and a test of the key support levels are very likely, with another leg lower in the weakest coins also looming. for now, traders and investors should remain defensive, as there are no signs of a trend change, even considering bitcoin’s relative. bitcoin continues to be on a neutral short-term trend signal, with the other majors all being on sell signals according to our trend model. traders shouldn’t enter new positions here, despite the stability of the coin, because of the clear segment-wide bearish pressures. break-down or another reversal? the coming days will be important for xrp, and for now, the short-term sell signal is still valid, so traders shouldn’t enter new positions.
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