Today's Crypto Crash -- Dont Panic yet
Today's crash in crypto currencies scared a lot of newbies out. However there is nothing to worry at least as per the daily charts.
Here are my charts showing.
- BTCUSD
BTCUSD supported well at its 50 day moving average. Buy till it does not break this support. It is also supported well by the daily trendline from mid March.
- ETHUSD
ETHUSD is also showing a similar pattern. It has support at its 50 day moving average and the daily trendline from mid March.
- ZECUSD
ZECUSD similar analysis.
I am not worried about this crash yet. But if we break the 50 day support look lower till it hits the 50 day moving average.
Let me know what you guys think about it.
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BTD! - Buy The Dip!
Agreed. Just posted not to panic or sell. Buy and Hold!
The support has worked well.
Indeed. They worked well.
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