Its obvious Covid-19 is responsible for this drop. We have now come down to our next support of about $7,600. However, we just started to reach oversold conditions, Thus if we are going to see a bounce it should be in this area. People could be selling also to cover a loss in other markets. Keep calm and Buy the dip is my motto.
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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.