Hello all,
Here is the chart of yesterday :
Here is the current chart :
I was saying you since days now that we will have a Break Out soon. I was hoping for a UP Break Out but it looks like the market want again test the lows... So yeah, except if we are able to go back quickly in the consolidation canal, the down trend should continue again at short term to at least go test the resistance line around 3300$.
I wish you massive profits,
Cryptopassion.io
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Yes, I would now wait with investments in cryptocurrency. You can see how, for example, bitcoin behaves, while it is kept in one pair, as it was in the summer and autumn, but if the currency is trampled in one place, then we can safely assume that it will soon be possible to rally, that's just in what direction, that's not clear.
Therefore, even short-term trading is not worth it, you can get just in motion and stay with nothing. Therefore, you need to wait in what direction, the formation of bitcoin will be completed. Apparently, they want to drive within certain limits to avoid chaos, with huge movements.
I'm agree with you it is a very difficult period for crypto. however, for the trading, till now it is still respecting most of the time the technical analysis.