Looks like BTC and XMR maybe at bottom. Notice the VDU 2 days ago. Volume drops off. And, today BTC doji on volume. The bottom may be in or sideways a bit. We will see on the rally up into the moving averages 10/20/50 DMA’s.
AS finally made a move today. Maybe Olympics related. Notice the U&R last Thursday then rally this past Friday thru the 10/20DMA. It gapped today on volume.
What’s interesting is how Monero topped and potentially is testing the 200DMA. Silver just recently topped but let’s see how it reacts the next few days. Will it react similar to Monero? This week we will see how it holds up against the 50DMA or the 200DMA.
Rules in the uncertain world are so important. When you want to guess and take profits, sometimes its best to continue to use the rules established. I sold the final position at $80 using the 10DMA. As seen here, the strength continues. The 10 day is still the guide until its not. You can’t predict the future but you can follow through rules to create order out of chaos. We are not Nostradamus.
This is now real time psychological warfare. The mind in the markets. We see a break in Monero. Let’s see how it holds the 10DMA or not. It did close below the 10DMA for the 1st time. Now let’s see if it close below that low and holds the 20DMA. Its still early on this move. Let’s where the next base builds or not.
