Hi guys,
Was the collapse of FTX the final nail in the coffin for BTC participants?
In my previous BTC idea I mentioned will we see one more leg lower so we did get one, was this it?
Since the collapse of FTX BTC moved sideways for around 2 months with stable low swings boring market participants.
Recently we got a swing of around 30% to the upside reclaiming the daily 200 MA along with braking above the 75.00 level on the RSI indicating a posable trend change.
If the MA's holds as a strong support we could see the brake of the post FTX Collapse level.
Could this be the beginning of a much bigger reversal only time will tell.
As always Invest small and with a plan in mind.
"capital loss is more panful than capital gained"
Stay safe,
Crypto Leonard
Was the collapse of FTX the final nail in the coffin for BTC participants?
In my previous BTC idea I mentioned will we see one more leg lower so we did get one, was this it?
Since the collapse of FTX BTC moved sideways for around 2 months with stable low swings boring market participants.
Recently we got a swing of around 30% to the upside reclaiming the daily 200 MA along with braking above the 75.00 level on the RSI indicating a posable trend change.
If the MA's holds as a strong support we could see the brake of the post FTX Collapse level.
Could this be the beginning of a much bigger reversal only time will tell.
As always Invest small and with a plan in mind.
"capital loss is more panful than capital gained"
Stay safe,
Crypto Leonard
