Mihai_Iacob

Crypto market- Bye-Bye happiness?

CRYPTOCAP:TOTAL   크립토 토탈 마켓 캡, $
All December was one of consolidation and, in my opinion, distribution, not accumulation, in the Crypto market.
Since the 4th of December's low around 2T, we have a rebound of around 20% but looks more like a dead cat's rally than an impulsive buying move.
Technically speaking, 2.4 zone is resistance and if we look at the daily posted chart we can see that rallies above that zone are sold and we have wicks on candles suggesting indecision and a bearish bias.
Of course, these days the market's liquidity is very thin, but a break under 2.3 would suggest an important lower top and call for further losses.
The first level of support is at 2T recent low, but I wouldn't be surprised if the market will fall to 1.75.
At this moment, I don't own any coins, and my speculative interests are in selling.



🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.