CRYPTO Morning Dump -- OUCH

in #bitcoin7 years ago

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Yikes -- this isn't a great sign and hurts. A recent internet scan shows no signs of negative news (unless it's something not yet posted), and quite the contrary, shows a lot of bullish articles.

This dump comes after consolidation and sideways trading that was starting to look extremely bullish.

Crypto charts are looking the same across the board. A bullish looking follow through to a bullish reversal hammer candle is starting to look like it may be a false sign and continue a true-to-crypto fake-out.

Supports are broken and technical analysis now favors the bears.

Sit tight.

Happy trading!

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This dump played out...confirmation of signals.

I exited my position at a loss. Looks like this pullback will have some longer momentum. I fear the follow through isn't there and we will see a continued pullback.

Oh! Dear i'm worry about that.

Yea, not the best sign. I think the rally for this round is looking like it could potentially be over.

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