It is logical after a breakdown of 3000$ in 1 month to have a 1000$ relief rally.
Now the patterns are stacking & fueling for another breakdown as fundamentals for bears getting stronger.
1. GMO Internet Group - Lost 200+ Million USD dollars in
BTC & Cryptocurrency investments. Today they announced their exit of this type of business. An 14 years old Internet Company? A gargantuan like this? Well yes.
2. Bakkt will post-pone the launch date for another month or two.
3. Bitmain fires 70% of it is employees.
Now the patterns are stacking & fueling for another breakdown as fundamentals for bears getting stronger.
1. GMO Internet Group - Lost 200+ Million USD dollars in
BTC & Cryptocurrency investments. Today they announced their exit of this type of business. An 14 years old Internet Company? A gargantuan like this? Well yes.2. Bakkt will post-pone the launch date for another month or two.
3. Bitmain fires 70% of it is employees.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.