I've come to believe that this crypto index is a very good indicator of which direction crypto is moving. We observe crypto as a complete market and make of best predictions.

Recently crypto has been more explosive than usual, which can also be observed by the spikes. i do not believe this is sustainable for the time being, and i would not be surprised to see a bear market taking place for a few weeks.

On the chart we see a clear double top across our crypto index. It's already reflected in on the chart. The question is now wether this will be a large scale correction or bounce towards new highs. I'm leaning towards the first scenario, but always be prepared for the other outcome.


Transaction en cours:
Keep an eye on .236
Transaction en cours:
Either we doom to .236 or we see a W bottom with more upside.
Transaction en cours:
Lower high, likely break .236 on next turn down.
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