With the crypto sentiment dial hitting “extreme fear” once again, uncertainty reigns for BTC, ETH and others as we wobble towards the end of the week.
At least Evmos (EVMOS) is still on a tear. More on that one, further below.
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But if you’re a crypto investor and listening a bit too hard to the noise on Twitter and other areas of social media at the moment, you might not necessarily be as extremely fearful as the market’s leading sentiment tracker thinks you are …
… though you might nevertheless be sitting uncomfortably on the fence about which way things are about to turn …
The case for the bears
Firstly then, given the forehead-dabbing sentiment above, here are two of the bearish themes we’re hearing all about – as usual with Bitcoin used as a broad, sweeping, crypto-market benchmark:
PRICE action with low volume, one of the bearish traders’ favourite “told you so” metrics. This one seems pretty consistent right now. Right, Roman Trading?
BITCOIN’S Triple MVRV ribbon. This...
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