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The crypto markets are holding firm this morning. Mentioning this because it has been 1:1 with risk and led most of the selling. With Facebook earnings coming up, we might start to diverge a bit but nevertheless -- the trades point to following Crypto.
I'm seeing BTC hold the daily TDST levels with the REI in an oversold region. If the MACD can fake out some people here, this would be extraordinary.
Very similar deal on ETH. Because of the risk-on nature of this trade working, I am skeptical on shorting today. The long ideas from yesterday's DeMARK playbook will be good try for day trades. Nevertheless, we still have A LOT of work to do and I will be tempted to short on upticks today on some names, as we are in a bear cycle here in the short to medium term.