Vic on Nostr: Still waiting with undeployed capital. Heading through the 200 DMA that hard without ...

Still waiting with undeployed capital.
Heading through the 200 DMA that hard without a bounce tells me we're going lower.
MM is .94808





#🌝

quoting nevent1q…jt2s

We didn't bounce, and instead plunged through as the plunge protection team is on holiday. Punched through the 200 Day Moving Average, to tentatively enter a traditional bear market indicator on the daily at nearly 21% down from the local top set when Bitcoin turned back to bullish in May. Assuming this continues below the 200 DMA (and there's no real catalyst to prevent it), I think this continues, and we'll get a death cross in the coming months.

#🌝



nevent1q…ap75