Crypto market is crashing! People are panicking, is it good decision to sell now or Bitcoin will continue Bull run?
Hello, Skyrexians!
This weekend was extremely fearful on the crypto market, even more, today is a true "black Monday" and not only crypto, but also traditional markets are crashing right now. The most commonly known crypto trading strategies gave false signals before the crash. Most of top crypto trading platforms and top crypto traders faces with the huge losses, algorithmic trading bots and other algorithmic crypto trading software led their users to losses and liquidation. Different automated trading bots, grid bot and other cryptocurrency trading also performed awful for most of a people. Only ai crypto trading bot allowed people not to lose.
The really dark time came to the market, how to overcome all this FUD and be successful in crypto trading. We know that the most important is understanding on which market phase we are now. In today's article we will look at the different charts and time frames on $BTC price chart and try to understand what is coming next.
Monthly time frame shows it's almost done
If you see our previous Bitcoin analysis you will find that $49k was absolutely reachable. But the speed of this move really concerns us and we need to take a look at the global picture first of all. The sideways which started in March 2024 led to the first red column on Awesome Oscillator, and this is our first reminder that the bull market is not forever. This is the first sign of weakness. Momentum is gone, therefore we cannot wait for the bull run continuation to the insane numbers like $200k. Bull market is almost over! The bearish divergence and Elliott waves counting tells us that wave 5 of super cycle is done and we will enter the bear market which has never been before.

Is it time to panic? We assume not! Last wave 5 shall also consists of 5 waves and we cannot see now the clear confirmation that this bull run is finished. It's weakening but will likely continue. Where it will be finished. The approximate projection for wave 5 shows us that BTC will likely reach $80k+, but not significantly higher. After that we will see the bear market with target at $35k.
Which wave of bull market now?
We discussed that current bull run is wave 5 of super cycle, how much price needs to go up more to finish it? Looking at 1W time frame and Awesome Oscillator we can see that wave 3 has been finished, now we are in wave 4. It will be finished when AO crosses zero line. It means that wave 4 is not finished. The great fact that price has exactly reached the target are for this wave at Fibonacci 0.5.

We don't expect the immediate pump from here, but dump is almost finished. We expect disappointing range between $49k and $58k. After that the pump to wave 5 target area between $85k and $110k is anticipated. This bull run is gonna be over with the bearish divergence with AO and we suppose it will happen in 2025.
Deep dive into correction
On the price chart below you can see 2 days time frame. Here we can find the structure of wave 3 and 4 of this bull run. Wave 3 was tricky because it's wave 5 was shortened. It can confuse even best crypto traders. After that we saw the waves A and B inside wave 4.

Now price is printing wave C. It can be rapid like we saw today, but looks like it's not done yet. It's likely that we will not see price significantly lower, but if we are wrong, the max dump target is 0.61 Fibonacci. Now it's $43500.
When wave C will be finished
As we can see on the chart below, wave 3 inside wave C still in progress. Conservative target has been reached. The max target is $45k which perfectly fits with analysis above. Anyway to say that correction is over we have to see 5 wave first.

Conclusion
Despite all the FUD and panic we are sure that Bitcoin will be bottomed soon. Moreover this correction is needed to make people scared and sell their altcoins. The good news that after such negative the probability of massive altseason increased. How it works? Most of people will not buy now at the sell-off. They will wait for bounce to sell, thinking that it's all over. This is great liquidity for large players. They will absorb all theses tokens and can send the price to ATH. 
Best regards,
Skyrex Team
#BTCMarketPanic #BTC☀ #bitcoin☀️

In this article you will know what we expect from the fundamentally strong project PolkaDot and it's token DOT price in the upcoming months.
Hello, Skyrexians!
Despite the Bitcoin price fast recovery after correction, altcoins remain dead and we understand that it's really annoying for most of market participants. Most of traders now in huge loss after -60% dump for entire crypto market since March 2024. But crypto trading is very risky to experience it without proficiency in different crypto trading strategies. This time even top crypto bot trading strategies and the best crypto traders failed. Nobody has been waiting for such a big crash. Analyzing ideas of top crypto traders on TradingView we can see that most of them are still bullish. For sure it does not mean that market will definitely do down, but if when it start bouncing they remain bullish mood it's gonna be dangerous signal and different trading tools such as automated trading bots, grid trading bot and other algorithmic trading bots can face with a huge loss again. In our opinion only ai crypto trading bot can overcome this problem because of using non linear approach.
In today's article we are going to share with you our analysis on $DOT to help you setup your crypto trading bot algorithm or trade manually. Hope it will help to avoid mistakes and decrease potential losses. Let's get started!
DOT macro overview
History of this crypto asset has enough bars to make a complex analysis. This fundamentally strong L0 project has been listed in 2020 just before the massive bull run. The previous bull run wave the largest degree wave 1. After that we saw the first sell off. Some traders may tell that it's wave 4, but we counted it as wave A inside the larger wave 2. Wave B set up the bull trap and printed the irregular correction and after that the wave C has started.

In our opinion this wave C inside 2 has been finished in October 2023 with the massive reversal bar at the bottom. This is the strongest signal of trend end. Now the new impulsive wave 3 has been started. We want you to pay attention to the fact that DOT is the uptrend asset, price has not hit the previous bull run start and it's the great sign that in this cycle it has a great chances to set new ATH.
Talking about potential targets we can use our favorite Fibonacci extension. The most conservative target is $51 (almost at the ATH), the likely one is $79 and unbelievable is $119. We expect the reaching at least the first target in $2024-$2025.
Is wave C inside 2 finished?
Earlier we considered the bear market as the irregular correction and the move from ATH to the bottom was the wave C. Wave C usually consists of 5 waves. This time we can clearly count these waves. Awesome Oscillator divergence helps us to count waves. Wave 5 has been finished with the bullish divergent bar with the MFI squat. In conjunction this is strong reversal sign.

All these statements tell us that new bull market has been started, let's try to understand which stage of it is now.
Is pump upcoming soon?
Base scenarios for DOT is price increase in the upcoming months. As you can see on the chart the wave 1 has been finished and current retracement is the wave 2 inside new bull run.

Price has already formed the bullish reversal bar with the squat MFI at the potential bottom. In case of success we believe in the fast reaching $18 target as the local wave 3. But two facts concerns us: price fell below 0.618 and stayed there for a long time and bullish reversal bar still has not been confirmed with the price breakout. This is why we have no right not to consider the alternative scenario.
Alternative scenario - if we are completely wrong
We shall take into account scenario if bear market is just a wave A which also usually consists of 5 waves. In this case growth from October 2023 to March 2024 is just a wave B, but how it's possible? price has not reached even 0.5 on log chart. On the regular chart it has reached only 0.23.

It does not look like wave B in zigzag correction. It means that this scenario is unlikely. Moreover if this scenario is valid bull run (wave 1) was much shorter in terms of time than wave 2.
Is DOT ready to grow?
To answer this question we need to count waves inside wave 2 of this bull run. Let's take a look at the price chart below.

We counted waves as the irregular ABC correction. Wave has been already finished with the Awesome Oscillator divergence and bullish reversal bar. Therefore we expect price increase in the upcoming weeks.
Conclusion
In this article we considered all possible scenarios. We realized that negative bearish scenario is very unlikely. Setting new lower low was possible only if large wave B has the triangle shape. In this case it can retrace not that much, but it's definitely not a triangle. We may saw triangle on ATOM, but for DOT it's much more likely that wave 3 of bull run is about to begin. Anyway control your risk, don't put that money which you cannot afford to lose.
Best regards,
Skyrex team
#polkadotupdate #bitcoin☀️

Hello, Skyrexians! 

Today we have another one "perspective" crypto to overview. This is $STRK token. Since Binance listing price dropped significantly and continue dropping now. Entire crypto market dump boosted the STRK sell-off. Today we will analyze in details this asset and try to understand will this coin pump or die. It's vital for successful cryptocurrency trading to consider all possible scenarios. 

Looking at the most of ideas on this asset we can conclude that most of the crypto trading strategies gave the advice to buy this coin when price was above $1.5. Obviously, it's not profitable crypto trading strategies. Even automate crypto trading of most cryptocurrency trading platforms fails to predict the price of this asset because after dumping at 50% it continues dumping, which is not likely according to the most crypto trading algorithm. That's why most of automated trading bots and grid bot faced with losses for this asset. 

The exception is the ai crypto trading bot which takes into account the Elliott wave, the key feature of successful crypto trading. Today we consider STRK price action using advanced technique. Let's go! 

STRK dump structure 

Let's use the 1D time frame to analyze this downtrend. Fortunately, it has the clear Elliott waves structure. Awesome oscillator helps us to find the most impulsive wave 3, this is the min value. After this the price formed the flat or triangle wave 4. If crypto has already significantly drop it tends to form the flat corrections without big retracement to the upside. This is because most of early bulls have been locked in their position and they shall be disappointed before reversal. 

Now we can see three strong signs of trend reversal. Awesome oscillator crossed zero line after wave 3 bottom reaching, it has printed bullish divergence and the momentum now is upward. In most of cases these are enough to make a decision about the entering trade, but we will make the deep dive further in different indicators.
Early reversal detection with MFI

Which indicator has high confluence setup for the potential reversal when everyone still calling in the direction of a trend? Our answer is MFI! Look the the sequence of the squat (red) bars at the bottom.

It means that this is a real war between bulls and bears. Decreasing MFI shows us that selling volume cannot move the price efficiently. Moreover we have seen two confirmed bullish reversal bars on this price move. We can assume that the first bar was the subwave 3 finish, too early to enter. The second one is the wave's 5 end in our opinion. Also, all these actions was below the Alligator which is a strong confirmation of our thoughts.
Is wave 5 really finished?

To understand if the wave 5 is finished we have to see at the subwaves inside. Wave 5 is the impulsive one and has to have 5 waves inside.

Looking at the chart we can see that on 7h time frame there is a divergence between waves 3 and 5. AO crossed zero line at the wave 4. As usual, wave 4 is flat and does not allow traders to escape the losing long trades. Current price action looks not so impulsive, but if price is able to show us the huge green candle, it can be counted as the wave 1 of the bull run.
Conclusion

Most of you ask me about the potential price targets if my idea with the incoming bull run is right. This asset has not enough history to set up the long term target. Logically I can tell that if price will reach $1.5 it will likely also hit the $4-5 zone. The logic is simple: most of early bulls entered the position above $1.5. Now it seems like they don't believe in this project anymore. If market maker allows them to have a break even, they will likely close trades. This is a great liquidity for large player. Whales will buy all this volume and having almost all emission in their hands can sent STRK very high. Anyway we will see how the price is gonna move and make an update if something is changed. 

Best regards, 
Skyrex Team
#StarkNetPricePredictionChatGPT #STRK✈️ #BinanceTrendingTokens #starkscam

Hello, Skyrexians! 

Last month was bloody for the crypto market. Bitcoin dumped from $70k to $63k, altcoins have completely dead and broke the belief for the altseason. We suppose that now nobody wants to hear anything about altseason and crypto. Most of traders has -50-60% portfolio loss and even cryptocurrency trading platforms which are using the automated trading bot faced with the huge losses. Will this dump continue or now is the reversal point and the forbidden word "altseason" can be said again in the nearest future? Let's try to understand! 

Bitcoin weekly time frame analysis

First of all let's take a look at the 1W time frame using our cryptocurrency trading strategy. This timeframe is good to describe current bull run with the Elliott waves. The first we shall do is to find the highest high on the Awesome oscillator. This top corresponds to the recent top at $73k. Therefore, there is a high probability that now price is printing the wave 4. 

We have the minimal requirement to finish this wave is the cross of the zero line by Awesome oscillator. We need to see much more candles for this crossover. It means that wave 4 will be finished at least in September. The good news that target price has been already reached or almost reached, that's why we don't expect the significant drop from here. 0.38-0.5 Fibonacci retracement from wave 3 is enough to finish this correction. It means that max drop is possible to $49k. When the reversal bar will be printed there correction is gonna be over. 

After that the major wave 5 is expected which can reach 85-107k depends on if it's gonna be extended or not. We will have more precise target when this wave be in progress. Then the bull run is gonna be finished and the next bear market can potentially be huge, but now it's too early to talk about it.
Is wave 3 really finished?

The price chart below answers this question. Like usual Bitcoin has prepared a trap for us. We expected $77k before this drop as the wave 5 inside 3, but it seems that wave 5 was shortened. Awesome Oscillator showed the early divergence which should be under consideration.

What does it mean? It means that dump from $72k to $53k is just a wave A inside wave 4.
When correction will be over?

Currently Bitcoin is in wave 4. This is the most difficult wave for traders, it will take time to be finished. As we can see now, the Wave A is over, bullish reversal bar has been already printed on the 1D time frame. Now it's time for bull trap in wave B. Its target is inside 0.5-0.61 Fibonacci retracement area. This is $64k price level. There we have to look for the bearish setup and be prepared for another one dump. This dump will likely set the lower low, as we pointed out earlier, it's max target $49k. When ABC cycle will be finished we are ready for the growth to the final bull run ATH in this cycle. Be patient!

Conclusion

Despite the overall bearish sentiment and the fear on the market we expect the increase in price soon. In general, dump is not over, but its most active part is finished. You can see now a lot of bears which prints for you double top pattern, telling us that game is over. Don't pay attention to emotions which you have. We tried to bring you enough arguments that this bull run is not over. Next time we will make an update on altcoins, subscribe us and never miss the valuable analysis. 

Best regards, 
Skyrex Team
$BTC #bitcoin☀️ #BTC☀ #BinanceTournament

Hello, Skyrexians! 

While Bitcoin is staying inside the price range, altcoins are collapsing every day. $ATOM is not an exception. It has tested the bottom at $6 once more. For sure, it's not pumping because top crypto traders continue talking about altseason. Most of people simply copy trade and therefore, the crowd is sitting is assets and waiting for the growth. Most of investing and crypto trading strategies and trading bot strategies giving the strong long signals, but even if you use the great cryptocurrency trading strategy, it's necessary to take into account the sentiment. It's very difficult to pump assets if everybody bought it and wait for the fortune. 

In today's article we will try to make it clear if ATOM found it's bottom, what is the current market phase and which possible scenarios can take place in the future. We will define the critical points when it's vital to make a decision. This overview will be useful for investors, traders and for who uses automated trading bots, automated trading software for cryptocurrency or grid trading bot. The potential scenarios can help you to make a decision how to set up your strategy to reduce risk and increase potential profit. Let's get started! 

Cosmos global overview

ATOM is pretty old cryptocurrency which has been listed on the major exchanges in 2019. Therefore it has already showed us it's behavior is the bull run 2020-2021 and during the following bear market in 2022-2023. The key feature which we have to define for every crypto asset if it's up trending or so-called "scam" coin. ATOM set the higher low for the current bear market in comparison to previous one. It means the we can expect new ATH in the next bull cycle. Critical point which invalidate this statement located below $2. 

Until price is above we will consider previous bull run as wave 1, current bear market as wave 2. It means that next bull run can reach the very high prices in wave 3. The minimal target is $49 which is 1 Fibonacci extension level. The most likely target is 1.61 Fibonacci at $77, and the positive one is above $120, but I personally don't believe in this. 

Is bear market finished for ATOM?

Now it's time to look inside the wave 2, is it finished or not. For this purpose we will use the 1W chart and combination of indicators: Alligator and Awesome oscillator.
Previously we thought that dump from March to June 2024 is just the wave 2 of the new bull run, but price has retested the low and very unlikely to see the huge pump in the upcoming 2-3 months. Now we can recalculate the Elliott Waves. Global bear market (wave 2) consists of waves ABC. Wave C always has 5 waves inside and now it looks like the end in wave 5 in C. Awesome Oscillator is showing huge bullish divergence, moreover Alligator created angulation with the price. If current weekly candle will be closed as bullish hammer, it's gonna be huge reversal sign.

ATOM will pump, but is it going to be bull run beginning?

If we take a look at the anticipated wave 5 inside we can clearly see the 5 waves. Awesome oscillator has bullish divergence which in conjunction with bullish reversal bar and two squat bars at the bottom give us the clear sign of reversal, at least, local. Even it's not the end of the bear market, 0.5 Fibonacci retracement is reachable target.

If it's not gonna be bull run start, the wave 5 will continue to the new lows. Pump to $10.4 is gonna be just wave 2. The upcoming waves 3 and 5 can easily reach 3-4$. It's still gonna be not a scam token making higher lows.

Conclusion

Despite that ATOM is fundamentally strong asset in the crypto world, it has not showed us any significant gains in this bull run. Moreover, there is a huge probability that bear market is not over for this coin. Anyway, current dump wave has been finished or almost finished and bounce is anticipated next. When price will reach $10 it's gonna be the decisive moment where we can understand, will it continue goes up or $4 target will be reached. 

Best regards, 
Skyrex Team
#BinanceTournament #CosmosATOM #BTC☀

In this short article you will know if Arbitrum token ARB is about to pump or it's complete scam and continue goes down.
Hello, Skyrexians! 

Last couple of weeks something bad is happening on the crypto market. It's dumping hard, especially altcoins. Most of the top crypto traders has been waiting for altseason for quite a long period of time, but the result is the opposite. Major exchanges delisted some tokens, which immediately fall below it's critical levels, crypto trading strategies faces with huge losses, most of automated trading bots also hurt deposits, even grid trading bot got stop loss because of price falling below price range. In such a difficult times it's vital to chose the best assets to invest money. Finding such altcoins is important also for automated cryptocurrency trading because it needs enough liquidity. Today we will try to understand if $ARB such asset or not, providing multi time frame analysis using different indicators.

Arbitrium weekly analysis - what Elliott waves are telling us?

Almost all profitable crypto trading strategies are based on Elliott Waves, at least for confirmation trading decisions. On the 1W chart we can see that the first bullish impulse has been obviously finished at $2.43. In my opinion now most of traders shall think that game is over because current dump has almost hit the wave 1 bottom, but waves 2 can retrace up to 100% of the wave 1, especially for such low cap altcoins. ARB is still not bottomed yet, but this bottom is next to. 

if this anticipation is true this asset is about to start the impulsive wave 3, which has minimal target at $2.56, most likely at $3.58 and the optimistic one at $5.23. For sure it's not the final target for entire bull market if it will take place, just for wave 3. Extended wave 5 can easily double all these targets, but now it's too early to talk about it. 
Arbitrum daily analysis - reversal is here?
‍
On the chart below we can see ARB on the 1D time frame. We can see that larger degree wave 2 has ABC zigzag structure where the wave C now is about to be ended.

Awesome oscillator is telling us that bullish divergence between wave 3 and 5 inside the wave C is almost done. Only big drop can break it. For reversal confirmation we need bullish reversal bar and three consecutive green columns on AO histogram. It would be nice also to see the squat bar on MFI instead of green which we are seeing now. Green bar tells us that bears are still strong an dump is not finished, it's better to wait for the confirmations.
4h chart is telling us bearish phase is over?

Let's take a look also at 4h time frame. Remember our educational article on Elliott waves where we told about the waves inside waves. This chart looks inside the wave 5 in C. This wave also consists of 5 waves and we have some proofs that this trend is almost over.

First of all look how accurate price hit the wave 3 target at 1.61 Fibonacci. Wave 4 retraced to the target zone and now price has printed bullish divergence with AO. It's still unconfirmed, like bullish reversal bar which can be potentially formed soon, but MFI shows us two consecutive squat bars. It means that it's difficult to go lower and there is a huge battle between bulls and bears. We are ready for reversal now! ‍
‍Conclusion
‍For sure most of traders now are losing money because nobody believe in Bitcoin, but most of them have been sitting in altcoins. But now as I can see the huge disappointment came to market. People are telling that it's all over, huge bear market ahead. We suppose that in such a disappointing times the largest opportunities come to the market. Be patient, control your risk and be happy.
Best regards,
Ivan, Skyrex
#ARB🔥🔥🔥 #CryptoTradingPrediction #bitcoin☀️

Hello, Skyrexians! 

While Bitcoin is locked inside the price range between 60k and 70k, altcoins look dead. While we saw fantastic rally for Bitcoin, Ethereum, Binance coin and other largest altcoins, most of crypto assets are still testing the bottom. This price actions can disappoint even best crypto traders. People usually trading cryptocurrency for profit, but now even if you bought altcoins at the bottom you have a very small profit. 

In March 2024 most of crypto trading strategies predicted the further pump, but instead of this we can see -60% drop for most of crypto coins. Even most of trading bot strategies faced with huge losses during last 3 month. During the bullish phase the best decision is to use grid trading bot, but this time price went out from the grid bot trading range, therefore even automated trading bots faced with losses. 

In our opinion such shakeout was needed because of excessive optimism on the crypto market. People needs to be disappointed and sell their crypto before the true bull run. Now it’s happening, we will show you our thoughts about crypto market and will try to analyze what is coming next. 

#bitcoin☀️ analysis $BTC

As it usually happens Bitcoin started moving up first. It’s bull run started at the beginning of 2023. We will analyze 1W time frame. Awesome Oscillator and Alligator showing us that Bitcoin is still in global wave 3 because of it’s maximum value. Moreover AO still has not crossed zero line. It means that there are a lot of time before bull market will be finished. 

We predict the wave 3 finish in the upcoming 1-2 months with the price target approximately at $80k. Let’s use this target to predict the further scenario. We have the super confident target for the wave 4. It’s inside the range between 0.38 and 0.5 Fibonacci retracement for the wave 3. It’s inside the range $54-61k. Moreover, lower degree wave 4 has been finished there. When price will reach this zone, for bullish reversal bar and AO crosses zero line, it can be the strong sign that global wave 4 is finished. 

Assuming that wave 4 will be finished in this zone we can predict the target for the wave 5. We have to take the distance from wave 1 bottom the wave 3 top and measure it from wave 4 bottom. This is the maximum target for the wave 5 and the entire bull run, at $115k. The minimal target is 0.61 from this distance, approximately at $92k. Anyway, this wave shall be printed in conjunction with the AO bearish divergence to kill this bull trend. 

Taking into account that wave 4 can be very long in terms of time this bull run will be finished in the middle of 2025. 

Bitcoin Dominance

Bitcoin is moving clear, but what with altcoins? The key chart for altcoins is the BTC Dominance chart. Every time we see huge drop on it, massive alt seasons happen.

You can say that this is not a real asset and it’s impossible to predict it’s value, but all these movements is the trader’s psychology. Therefore we can use classical TA tools here. BTC Dominance now is inside the target area 0.5-0.61 Fibonacci. There is a high chance that massive dump will start from here. This time it can break 40% and finally reach 24%. We believe that this time this decrease can be on the real Bitcoin’s dump. Large players have a huge gains on Bitcoin and they need to distribute liquidity to take profit, that’s why alt seasons usually happens. We predict the altseason start in the upcoming 2 months. 

Cardano $ADA analysis

Let’s move on to altcoins analysis and start with the old assets ADA. It has enough history to make a price prediction. Previous bear market bottom was at $0.02, this time it has reached $0.2. You can say it’s 10x from the bottom, how it will go up? 

We can conclude that ADA is the uptrend crypto asset because it’s making higher lows from cycle to cycle. Therefore the previous bull run could be just the wave 1. Global wave 2 finished with the bullish divergence with AO on the weekly time frame and after that we have seen this local rally. This rally is just the wave 1 of the new bull run and current dump is just a correction to it. For sure we need more disappointment, that’s why we expect more sideways in the current range. When everybody will be disappointed the huge wave 3 starts. It has two targets: $3.3 and $5.2 if this bull run will be extended. 

Cosmos $ATOM analysis

The main question of the day is why such fundamentally strong asset like ATOM is still at the bottom, while meme coins made 10x. For sure it was a huge mistake, but as we can see now people hate such assets like ATOM. They want to buy Solana or PEPE instead and it’s good sign for ATOM holders. We make our predictions based only on charts and this chart is also telling us about bull run is coming.

ATOM is also making higher lows from cycle to cycle. The main difference with ADA is that Cosmos has printed shortened wave 5. First bullish wave finished in March and now price is finishing wave 2. Wave 3 will start suddenly when nobody believe it that. We suppose in September will be huge gains on fundamental projects. Minimal target is $49, maximum one is $77 according to 1 and 1.61 Fibonacci extensions. 

Polkadot (DOT) analysis 

The last crypto asset for today is DOT. It has almost the same pattern like previous two assets. Wave 5 of bear market was not shortened here that’s why we have seen rally more than for ATOM. 

Previous bear market bottom has been reached much lower that in the current cycle. In our opinion the first wave of the new bull run has been already printed ad current disappointing wave 2 is trying to persuade people to sell their assets. 

After 1-2 month of consolidation and may be making lower lows locally we will see the huge push the the upside. The minimal target is $56, maximum equals $89. 

Conclusion

Most of altcoins are in the huge accumulation which lasts for almost two years. In the previous bear market was almost the same time before significant gains. For sure this time can be different and may be it’s time to die for altcoins, but Elliott Waves analysis reflects perfectly the crowd’s mood. If now we can see still a lot of optimism, if price will continue sideways they disappoint. 

Overall, we can see now two groups of traders. The first one is still bullish, the second one is waiting for new lows below the current consolidation to enter the market. We suppose that both major groups shall be fooled, market maker will not allow assets to dump that much, but at the same time he will not pump it before most of bulls sell their assets. 

Best regards, 
Skyrex Team