Crypto index - bottom is in, recovery taking place.
This crypto index is based off the top 4 cryptocurrency coins which is the most reliable indicator of the market in my opinion.
The current movement in the crypto space looks extremely similar to the July crash and August recovery.
My idea suggest we'll see the same slow grind recovery as August, followed by a sudden boost around end September / start October.
Credit to Adoukas for inspiration.
The current movement in the crypto space looks extremely similar to the July crash and August recovery.
My idea suggest we'll see the same slow grind recovery as August, followed by a sudden boost around end September / start October.
Credit to Adoukas for inspiration.
Trade active:
I was expecting a slow grind following my green trendline as previous recovery, however crypto is looking quite explosive. Currently there's a lot of money on the sideline expecting sub 3k BTCUSD and correlated lower prices for their alts they are looking to invest in. If money on the sidelines start to question wether they'll see a lower prices all across, their renewed buying interest could fuel the leg up i was expecting at the end of this month.
Trade active:
I'm going to call it. Breakout inbound.
Breakout in 24 - 36 hours ish.