Feeling of Going Down / Walls of Worry

Bottoms are accompanied by a lot of panics and worry throughout the entire network's participants. In this article, I like to share the worry signals that is seen in $LTC

After hitting a Local Top in November the asset is witnessing a downtrend. Since the Local Top there is a shift in the level of magnitude of profit taking by its investors. This is a strong feeling of concern and expectations of price to decline further. A Feeling to go Down.

Same pattern seen in realization of losses. This is a strong feeling of concern and expectations of price to decline further again. A Feeling to go Down.

LTHs finally giving up ? This is a strong feeling of concern and expectations of price to decline further again. A Feeling to go Down.

The retailers accumulated since the first local bottom with great confidence. Very recently they have offloaded even though the price is holding its strong support of $100. This is a strong feeling of concern and expectations of price to decline further again. A Feeling to go Down.

The crowd is bearish.

What are the Whales Doing ?

The Whales are accumulating.

The renewed activity in large valued transactions was already intimated by santiment's twitter handle.

Link : https://twitter.com/santimentfeed/status/1515048593907888129

Long Story Short : Wall of worry + Whale accumulation seen. Historically these are the signs of a bottom formation. Hence its not greedy to expect a recovery at the very least in the near future.