I wouldn't put to much weight on TA. I've seen it work and not work.
The function of TA is to give the trader an edge, an improvement over random chance. Even a 0.01% edge can be monetized well, if you know how and the characteristics of the market are appropriate. When combined with regime analysis TA is more effective. I think the optimal use of technical methods in crypto differs in important ways from their optimal use in most other markets, but I am confident that they will provide an edge if used optimally. Indeed I think that is an understatement.TA wise, were certainly experiencing a downtrend.
However, nice buy wall support signifies bullish strength.
This one could go either way, boys. I'm definitely not selling any though. There is some opportunity for a panic dump, though. I won't participate (except to add)
