In my previous Idea it looked like we were going to get a copy and paste of the previous move up (thumbs up). But, today the move up failed. Now, we've lost the volume based momentum, and the 13 EMA is acting as resistance. We need to regain the 13 EMA fast; but, it's been failing for 3 days now, and I fear the bears are in control. Onchain inflows peaked today too. Just no good news Technically speaking. We're at the end of the month and profit taking may just be too much for the bulls to handle. Another daily close below the 13 EMA and watch out, it could get bloody in early March.
Stop Losses are a must.
Stop Losses are a must.