Crypto Market Analysis 23rd June

[gagansaini]

💥🔅23rd June...
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🔴 TMC @ 255 sharply down recording a loss of approx $35 bln . For this slump there are several triggers and drivers like excessive pump and dump through price manipulations, FUDS, security breaches and REGULATORY crackdowns.
I have written several times that consequences of manipulations of EXCHANGE traded products are never good. Crypto mkts needs to learn from well regulated stock mkts.
Anyway wait for some more stability.
🔴 Btc is around 6000 and even went below it's feb2018 low.After dec2017 it's a new low for BTC.ITS NOV2017 low is around 5325. What a bad situation . Even after six months BTC is making new lows. 👉 Never bite more than one can chew.
👉 Now 6700/6800 appears to be a strong resistance barrier and for some early sign of recovery BTC should sustain above 6300/6400 band. Only solace is that with its RSI at 30 BTC is now entering it's oversold zone.
👉 Just wait as I have been writing. Only after some stabilisation trading recommendations will be given.
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Thanks