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CRYPTO MECHANIC
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I have been posting about
$WIF
weakness every week and somehow it's still not showing any strength despite a big
move
down.
The only hope i see for bulls is it holds those lows.
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CRYPTO MECHANIC
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$WIF Broke that bullish structure much earlier than most of the Altcoins as i made a post on it before. You can see it under this post.
This is the reason it dropped much more than the other Alts
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WIF
2.005
+6.08%
12.1k
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I personally don't think we will see another capitulation on Altcoins because Alts already capitulated last week. Maybe another retest of the last lows (Potentially higher low) on most Alts. if BTC continues to show weakness and decides to take out the liquidity under $90k but I don't think Alts will drop like it did last week. We'll see where it ends.
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$BTC Continues to show weakness as it got rejected from $99k - 100k zone Surprisingly Alts are holding better and it's because Alts capitulated already so least likely we see the same move on alts we saw last week. I'm looking at this zone for BTC to find good support as its a good zone in my opinion.
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Bitcoin doesn't look that bad, Broke out of the ATH sitting well above it still But when you look at the Altcoins, That's another story
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How many of you think the top on Bitcoin is in ? Or is it just a corrective wave?
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Just like most of the other coins $SEI Also sitting at an important zone imo.
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