All cryptocurrencies have suffered a lot in this crash. However, I think it's just an unreasonable speculative move. The positive news are countless, next week the first ETP will be launched in Switzerland, in December the SEC will speak on the ETF of Bitcoin and on January 24th Bakkt will be launched. A high volume of volumes is about to enter this market soon.
The market cap during 2018 formed a falling wedge that broke in the last few days on the downside. My vision is still LONG for the next few months.
This is my personal opinion and this is not a financial advice!
Good trading!
The market cap during 2018 formed a falling wedge that broke in the last few days on the downside. My vision is still LONG for the next few months.
This is my personal opinion and this is not a financial advice!
Good trading!
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During the past corrective phases, the market cap has found its minimum after a 70% drop, exactly where we are now.
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The price rebounded on the weekly Moving average 150 and the Fibonacci 0.786 level.
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4300 is the first real big support.
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Morning star on 4hr
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Falling wedge
交易结束：到达止损