$FTM Bearish Idea [EW]

Jan 7, 2022

FTM has had a pretty insane run this past few months, but looking at the grander scale of things, this could just as easily be a B with some more downside available.

BTC projection seems to counter this approach, but this is simply a sentiment check to keep in mind if BTC decides to show signs of weakness with a drop further than 38K. Not taking any trades here, since FTM as extremely strong fundamentals which has driven the recent growth, but i'll just stick to what i see on the chart here.

Will update the count if anything pop's up later on.