- Biber Analytics Newsletter Crypto
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- Consolidation Ahead?
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Breadth
The following chart shows a clear difference between the period from March until late October and afterward. The first period was bearish, and most cryptos declined. Have a look at the orange line (panel 2). Every time the crypto market tried to go up, we had a spike in the orange line, which immediately fell back down again. The red line has shown precisely the opposite behavior for the last month. That is the difference between bearish behavior and bullish behavior. In addition, the green line surpassed each horizontal resistance.
