The bear market on cryptocurrencies is over?
In recent days has been spread news that Google will not allow cryptocurrency advertising of which this news may have been a factor that also caused a collapse in the price of cryptocurrency, now, after that bad news the price in general have recovered but within a downtrend, in time frames of 1 hour, 4 hours and daily the seasonality are still in a totally bearish trend, that means that the price is in a pullback, this is necessary for the downtrend continue down again. in the following chart with a timeframe of 1H I show my technical explanations of why a new projection will be presented downward: https://steemit.com/bitcoin/@criptraders/the-bear-market-on-cryptocurrencies-is-over
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.