Yesterday’s candle had a $3000 spread, causing full euphoria in the crypto community. People are looking for ANY evidence that the bull market is resuming in full force.
A simple look at the chart made it crystal clear that this price action was a nothing burger. Price is still trading near the range lows, rejected at key resistance etc.
Once again, I know this is redundant and some of you don’t want to hear it and are not reading anymore… but this is sideways chop with no evidence that will change any time soon.
Be patient.
A simple look at the chart made it crystal clear that this price action was a nothing burger. Price is still trading near the range lows, rejected at key resistance etc.
Once again, I know this is redundant and some of you don’t want to hear it and are not reading anymore… but this is sideways chop with no evidence that will change any time soon.
Be patient.
scott.melker@texaswestcapital.com