We've all experienced the crypto sell-off earlier today. A sell-off with a magnitude we haven't seen in quite a while now: high to low of almost -18.5%!
Sell offs like these are natural in overextended markets like crypto is at the moment. A positive note is that Bitcoin has reversed from the support level that I drew in my previous Bitcoin analysis:
For now, we're going to trade this reversal.
On the chart I’ve marked two potential areas of resistance, R1 based at the ATH and R2 based at $60k. Do your own due diligence.
Happy trading!
Sell offs like these are natural in overextended markets like crypto is at the moment. A positive note is that Bitcoin has reversed from the support level that I drew in my previous Bitcoin analysis:
For now, we're going to trade this reversal.
On the chart I’ve marked two potential areas of resistance, R1 based at the ATH and R2 based at $60k. Do your own due diligence.
Happy trading!
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📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: www.fierytrading.com
