In crypto trading, mid-bear market rallies can occur when altcoins become oversold, with key technical indicators like the 200-day moving average and moving average crossovers (death cross) serving as critical signals for potential trend reversals; traders should watch for price rejection at support levels and money flow indicator shifts to identify optimal entry points for short-term rallies while maintaining patience for confirmed trend reversals.
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Crypto.com CRO COIN IS PUMPING!!! ($1.00 INCOMING?)Added:
Crowcoin is pumping, guys. We're actually seeing some substantial moves to the upside and I want to talk about it. So, without further ado, welcome back to Crypto Report. I'm Black Sea. Hit that like button. Subscribe to the channel right now. Anything I say in this video is not financial advice. I'm not a financial advisor. This is for entertainment purposes only. Let's hop into it. All right, guys. So, yeah, we are actually seeing a a good bounce here on Crowcoin.
Bouncing off of.0689.
And as of right now, we have closed above my first area of interest here around uh.07369 around that. We've broken above it. And I think that really we are testing a very crucial area here at.07609.
And if we can actually uh you know, we reject We're rejecting off of it right now, but if we can reject off of it and actually resume off, like come down here and then break back above it, I'd say, "Hey guys, we're probably going to come and test.0830." And I think when you see that play out, that's really a point in time where we should be asking ourselves, "Are we seeing a reversal, a mid bear market reversal, uh a little mid bear market rally, if you will?" I don't really think that well, it's too soon to be even talking about flying like macro reversals yet, but it's not too soon to be talking about mid bear market rallies that are you know, maybe bringing us up to 10 cents, 12 cents is even on the table if we can close above.0830.
And seeing a little bit of a mid bear market rally, I think is we're somewhat due for it for some of these altcoins. A lot of these altcoins are very, very, very oversold. And when you look at this, like we are just kind of chopping.
We've been grinding out little to no volume and now we're getting a little bit of a bounce here. So, it is appropriate to start asking ourselves, "Hey, maybe there is a potential move here to uh squeeze out some of these shorts, right? To liquidate some shorts and uh see some longs print a bit." Now, when I look at Market Cipher as well on Crowcoin, I see that the money flow is in red and it's starting to get very close to flipping green. I think you'll be I would not be surprised to see us flip green here sooner uh rather than later.
Especially, we will see it flip green if on the daily time frame, let me show you guys. I want to zoom out here. If on the daily time frame we do close above that area here around, like I said, where we're tapping right now about.076, right? If we can close above that, you're going to see market cypher flip green, the money flows is going to flip green, and most likely you will see a little bit of continuation to the upside. Now, I still am shorting CRO. My CRO coin short is still about 800% in the profit. I'm not planning closing it.
I do think that there's a world here where CRO coin does rally above.0830.
Maybe it goes to 10 cents, right? I think that's possible here, but even if that does play out, I most likely will be adding to these shorts cuz I do believe that this bear market is about halfway done. We're not quite finished yet, and that means if we're not quite finished yet, we're probably going to be making another lower low at some point.
And um I'm going to try to capitalize on that, right? Now, could I get invalidated?
Sure. My invalidation points would probably be like Man, CRO coin, guys, I'll be completely frank with you. We would need to close probably above like.212 for me to even start to say, "Hey, this is going to be potential for a further a further rally to new all-time highs around a dollar, but I'm really like we are far away from that. I don't even want to start talking about that until we can take over the first the first levels first, right? Before we start getting crazy, start talking about new all-time highs on CRO. We need to make baby steps, right? Close above.0830. Now, if you guys do want to trade with me, you want to access my private trading community, check out in the pinned comment section or description box below. Sign up to Blofin, you will get a $5,000 sign bonus as well as access to my private Discord server. And in my private Discord server, I do trade signals, trade setups, a little bit more of like a one-on-one trading community where we can talk about how I'm navigating this market. I can answer your questions. I've been trading crypto for over a decade, guys, and investing it longer than that. And that's it. It's fun to build a little bit of community with you guys and just talk about how everyone's doing in this market. Now, I have some links down below that are affiliate links, so you do help support this channel, but you get lucrative sign bonuses, you get discount codes, access to trade with me. It's a good value.
Check it out. Now guys, I want to show you Bitcoin because right now we are trading at $81,364.
We came and tapped the 200-day moving average once again and we're rejecting off of it.
Man, if we can close above the 200-day moving average, I do expect to see some bigger forms of continuation of the upside. Now, rejecting off of this area though is somewhat of a make or break moment because if we do reject off of it and say close below this white line here around uh let's let's call it 79,800.
If we close below that, most likely uh we're probably going to see a further spillover and come down and tap 73,800 somewhere around there.
And uh that will be an indicator if we're ready to see another leg down or building some price structure in a potentially higher low for a continuation of the upside. So, we're in a very critical point here and I think it's very important we're paying very close attention to what's happening with Bitcoin and looking at the weekly time frame as well.
We're still above the like we're out we are somewhat like W'ing out here, but man guys, this would be a perfect perfect time for a mid bear market rally and I think that's what's playing out right now. Uh we have the uh 21-day moving average still in a death cross, right? We're not curving up yet to cross above the uh 55.
And once you see that, that's when I'd say, "Hey guys, like that is a a clear indicator that we're seeing a reversal."
And we're not quite there yet on the weekly time frame. So guys, be patient.
Croquembouche is getting a bit of a rally. Love to see that. Some alts are rallying, but be very cautious. Be patient. I think that there's good opportunities to be leverage trading here if you're scalping, doing some scalp longs, some scalp shorts. But uh be very cautious cuz I think some big swings are coming here.
So, pay very close attention. But that's all I got guys. Hit that like button.
Subscribe to the channel right now. Sign up to the Discord server down below.
I'll see you in the next one. Bye-bye.
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