Crypto junkie buyers are washed out from getting in too early. Fear is starting to set in. Bullish Inverted HS pattern is complete and it's a quiet weekend. Dollar Index has massive volume spike and cryptos are beginning to show some correlation with it's movement.
Also, this support level this Inv HS pattern has formed at is the 3rd test on the weekly/monthly chart. Triple bottoms/tests are part of the magic number 3 in the markets. There's a lot more to it, but these basic criteria are still enough to give it a go.
Trade well and wishing you the best.
Also, this support level this Inv HS pattern has formed at is the 3rd test on the weekly/monthly chart. Triple bottoms/tests are part of the magic number 3 in the markets. There's a lot more to it, but these basic criteria are still enough to give it a go.
Trade well and wishing you the best.