There’s probably nothing worse than trading crypto on the weekend. That’s because retail scrubs try and call bottom on literally every little move to the downside. We are in a downtrend. Get with it or get keep getting wrecked. Stocks are going to go down. China is not doing well it’s not rocket science. It’s so obvious I don’t need to draw anything on this chart...
Seems to be a clear rejection at the resistance level.
With the FED hiking interest rates soon and the taper tantrum that is coming, now would be the perfect time to continue downwards momentum. 1. Potential war 2. Pandemic continuation 3. Inflation rapidly increasing It looks to me like 67-69k WAS in fact the top, but the market has been indecisive. The world is going up into flames and that will end up being the...
In times like these we must look at the bigger picture. The significant decrease in volume over time. BTC craves volume, especially at this high price. Institutional money isn’t being seen as of late. Closing some positions could be beneficial to your future holdings.
If this hourly candle closes above the cloud, we could see a nice run from FTM in the short term. possibly long term as well if the pump is thick enough!