This massive dump as a result of Extreme greed and a "domino" effect of liquidations once they started piling in.
And guess what? IT WAS IMMEDIATELY BOUGHT BACK UP!
Some exchanges embarrassed themselves and showed they clearly DO NOT have the traffic capabilities to handle massive user surges...
Don't believe me? Look at KRAKEN ETH/USD on the 1 second... ABSOLUTE INSANITY
Anyways this is just the beginning of more downside in our opinion. We are WAY overdue for a 21 week EMA test.
This test is the gold standard for bull cycle continuation. we pass this test and sky is the limit!
The trend is Currently down on the Trend Master. Lower time Frames showing potential trend change but when in doubt - Check the highs.
-Crypto Viking
And guess what? IT WAS IMMEDIATELY BOUGHT BACK UP!
Some exchanges embarrassed themselves and showed they clearly DO NOT have the traffic capabilities to handle massive user surges...
Don't believe me? Look at KRAKEN ETH/USD on the 1 second... ABSOLUTE INSANITY
Anyways this is just the beginning of more downside in our opinion. We are WAY overdue for a 21 week EMA test.
This test is the gold standard for bull cycle continuation. we pass this test and sky is the limit!
The trend is Currently down on the Trend Master. Lower time Frames showing potential trend change but when in doubt - Check the highs.
-Crypto Viking
✔️ - Trendmaster and MDX Algo Access - www.MDXAlgo.com
✔️ - NordVPN for those who are IP Restricted - bit.ly/NordVPNTM
✔️ - NordVPN for those who are IP Restricted - bit.ly/NordVPNTM