WellTrainedMonkey

Crypto Tailwind from Bank Blowups

Long
COINBASE:BTCUSD   Bitcoin
Crypto is probably enjoying a tailwind from the SVB blow-up. Technically speaking, you can see the price-volume clusters around the $17k level which coincides with the 78.6% retracement level. Price action is confirming a price trough with capitulation volume seen during the Nov price trough and now a higher low on low selling volume.

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