Over the last 24 hours the overall cryptocurrency market cap has gone down from $115 Billion to $94 billion. Almost every cryptocurrency is down and people are starting to panic.
I would say this is not a time to panic but to be excited!
Some of you who feel you missed the crypto wave, this is your chance. Obviously it is not wise to invest in cryptocurrency when they are at an all time high which is why it is starting to be the perfect time to invest again.
For those who were successful during the first wave of crypto currency, here comes another one.
Here are some examples of chart analysis:
As one can see there is a fantastic couple level of support from the markets attempting to halt bitcoin. Great Fib retracement showing possible levels and reversals.
All showing similar levels of retracement. It looks very similar on all the other cryptocurrencies right now.
I am not saying it is a buy opportunity just yet but it is very important to keep an eye on the markets right now.
It could be the start of a downtrend that opens an opportunity of accumulation at a all time low
or
It could something like a 50% retracement and reversal
either way keep your eyes up
SURFS UP BECAUSE THE NEXT WAVE IS COMING
Cheers.
Thank you so much for posting this article. Very helpful!
Yes its too early to know what is going to happen. My advice you have funds ready to invest watch the market closely and buy in a dip if you can.