June Gloom - Perfect Retrace to 1 Day EMA
Upon news that the Winklevoss twins’ wealth has risen to $1 Billion, the crypto market has suffered a 20% loss worldwide.
We were due for a healthy correction to this strong market, with Wall Street traders dying to short the crypto market.
Retail - or the poor/middle class people- got in at around the level the big money sold at.
Don’t fear. So far, we have a perfect retracement to the 1 Day EMA. Coinbase uses can see it perfectly on their exchange platforms.
Large volume for buy orders, many people are buying up this opportunity.
Very oversold on the CRSI which can be more accurate for shorter timeframes than the regular RSI.
I’m still HOLDling dear.
We were due for a healthy correction to this strong market, with Wall Street traders dying to short the crypto market.
Retail - or the poor/middle class people- got in at around the level the big money sold at.
Don’t fear. So far, we have a perfect retracement to the 1 Day EMA. Coinbase uses can see it perfectly on their exchange platforms.
Large volume for buy orders, many people are buying up this opportunity.
Very oversold on the CRSI which can be more accurate for shorter timeframes than the regular RSI.
I’m still HOLDling dear.
Note
Back to 11,444! Holding strong support, back to upward bull trend.
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