bittensor: A Local Top?
2024-10-07

I am looking at the shorter timeframes on this pair, 1H and 4H, and it seems the formation of a local top is present.

On the daily timeframe, the main chart above, there is also some mixed action happening after a 275% bullish wave in a matter of 57 days.

The Cryptocurrency market is wild and unpredictable and tends to produce massive growth, but I wouldn't be surprised to see a retrace or correction after two months of growth with a period of straight up.

The correction can be mild but fast in order for the pair to resume its growth. These are early signals and require looking deep into this chart. It is mixed to say the least but after strong growth, we tend to see a retrace, even if it is a small one.

Namaste.

