A relief rally should’ve been expected especially after JPow’s statement (but the rumor, sell the news). I don’t believe it is enough to reverse the trend.
We did indeed however break out of a head & shoulders pattern. 0.5 fib level sitting @ 44.619 & we have heavy resistance around that. We’ll see how this goes but if you’ve been playing this game for awhile it is never this easy. I’m not touching Alts until close to October.
Crypto Total MC looks like it is showing a head & shoulders formation on lower time frames. Good luck to all.
Hopefully that H&S pattern hits and things dump some more. I'm still somewhat bearish and proceeding with caution. Keeping an eye on prices and support/resistance levels before entry. Worst case scenario-cut my stack in half and try to grind and dca back up. Best case scenario-double my stack.