Hey traders!
Cryptocurrencies like Bitcoin, Ethereum and pretty much everyone else have begun weekend parabolic drops yesterday, we fully expected this after the CPI reading which means that rates will be rising faster and stronger in the near future and this is probably going to have a negative, very negative, effect on cryptocurrencies.
The video explains why we believe crypto will be dropping and goes over a live trade too!
Hope it helps!
Cryptocurrencies like Bitcoin, Ethereum and pretty much everyone else have begun weekend parabolic drops yesterday, we fully expected this after the CPI reading which means that rates will be rising faster and stronger in the near future and this is probably going to have a negative, very negative, effect on cryptocurrencies.
The video explains why we believe crypto will be dropping and goes over a live trade too!
Hope it helps!
註釋
We remain very bearish right now on Bitcoin with price action holding below the VWAP and price action contracting towards the daily lows I would say we could breakout below today or tomorrow and do that with force! *Be careful the markets should get very volatile
註釋
remember this rule for trends... "An object (trend) in motion will remain in motion until acted upon by outside force"
Outside for in this case will be,
A) fundamental
B) technical pattern, support, level
and we are far far far from any of these points for the time being
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