The crypto market is in an uncomfortable situation at the moment, we're on the verge of experiencing a price we haven't since February. The bulls are being overpowered as SSL keeps increasing.
There's a big market dump awaiting the altcoin market if BTCD keeps increasing and Bitcoin keeps decreasing, recovery anytime soon is slim cause we have investors selling their alts converting them to Bitcoins then transferring their bitcoins to cold wallets.
Review the chart; we have our 240 support and our bullish and bearish direction arrows show us possible outcomes.
This is not a financial advice or a trading article.
There's a big market dump awaiting the altcoin market if BTCD keeps increasing and Bitcoin keeps decreasing, recovery anytime soon is slim cause we have investors selling their alts converting them to Bitcoins then transferring their bitcoins to cold wallets.
Review the chart; we have our 240 support and our bullish and bearish direction arrows show us possible outcomes.
This is not a financial advice or a trading article.
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.
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.