The market has been dead for months. we have not been able to get even 1 pop that held for more then a few days beyond a couple coinbase pops.
The risk off in the stock market is spreading to the crypto markets now.
We needed this breakdown under 6k on BTC things were just grinding no volatility. this breakdown today should help a lot. 6k was support but also a pyschological level for a lot of traders.
As of now. BTC is a short on pops toward 6k its a bit late here but im watching it. Personally im short ETH as it just has a better liquidity and range for me.
This has been a tough bear market.... I know all the supposed BTC gurus say this happens all the time. but its still tough especially when there is no range to trade. Frankly we needed this flush lets get to where we need to go if its 3,000 or 4000 or 5000 but the quicker we capitulate the faster we can have some fun again. Or maybe we never do?
The risk off in the stock market is spreading to the crypto markets now.
We needed this breakdown under 6k on BTC things were just grinding no volatility. this breakdown today should help a lot. 6k was support but also a pyschological level for a lot of traders.
As of now. BTC is a short on pops toward 6k its a bit late here but im watching it. Personally im short ETH as it just has a better liquidity and range for me.
This has been a tough bear market.... I know all the supposed BTC gurus say this happens all the time. but its still tough especially when there is no range to trade. Frankly we needed this flush lets get to where we need to go if its 3,000 or 4000 or 5000 but the quicker we capitulate the faster we can have some fun again. Or maybe we never do?