Market cap continues to test new support. Large market players slowly sell off their holdings.
With small to large investors slowly selling off their crypto assets... support may fail soon.
Crypto Fiend's are thinking this is just the normal dip... Normal changes when you lose a Trillion in market cap... Big boys aka Whale pulling out indefinitely.
Little boys... aka guppies are going to pullout when the unemployment stops.
The death of hodlers is upon us...
We went back down to our previous low due to a fed member saying they wont increase rates until 2022. Fed minutes are this Wednesday. Expect the market to play on these levels.
Entering on rejection off the main TL. Upwards momentum continuation. Be note that the Take Profit listed isn’t my take profit, it is my trailing stop target. At this point I will start trailing.
Technicals point to a short continuation of downwards momentum to the lower TL on market open. Look for a closed bullish daily candle above both trend lines shown to enter a long position(I will release a chart when this takes place).
