Your faith in crypto will be tested in the following months !!
With the legacy markets turning down for another crash wave, the total cryptomarket will follow !!
There has been a VERY HIGH CORRELATION between stock market and crypto recently.
We will most likely go down below 100 B and eventually below 50 B.
Many people will get liquidated since they will be forced to sell at a time they would not.
I am building some cash - just in case.
If the market goes up - I am fine, since I still have a heavy position.
If it goes down heavily - I have the choice to buy on the cheap once I have paid all my bills !
Stay safe out there and hope that I am wrong.
With the legacy markets turning down for another crash wave, the total cryptomarket will follow !!
There has been a VERY HIGH CORRELATION between stock market and crypto recently.
We will most likely go down below 100 B and eventually below 50 B.
Many people will get liquidated since they will be forced to sell at a time they would not.
I am building some cash - just in case.
If the market goes up - I am fine, since I still have a heavy position.
If it goes down heavily - I have the choice to buy on the cheap once I have paid all my bills !
Stay safe out there and hope that I am wrong.
Note
Setup INVALIDATED for now ....Total MarketCap just crossed 200 B again !!
Could this be a giant fake out ??
Note
Or could it just be a back test ??Time will tell....
Trade closed: stop reached
I WAS WRONG ON THIS ONE !!It was a big nasty final shake out !!
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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.