Crypto Market Status: Indecisive 🤷♂️
Based on the 1D trade signals, the crypto market paints an indecisive picture today.
Out of 200 monitored coins, we have 5 with a bullish signal and 4 which flashed a bearish signal.
Moreover, most of the signals do not show a high backtest reliability. Most of the results range between 60% - 70% - which isn't convincing on the daily chart.
$BLZ is an exception. It demonstrates a 100% backtest win rate based on 5 historical signals.
However, the overall picture mirrors the chart status of many coins: many approach a pivotal point.
Therefore, I am sure, we will see a major move in one direction soon.
Until we reach that point, I would be hesitant with entering new trades.
