The day the Bears held back the charging Bulls

in Team Malaysia • 3 years ago

Screenshot 20210908 at 2.02.16 PM.png

So this happened last night. Another one of crypto fancy flash crashes which just plummet all coins some to close to 40% dip.

BTC went from 52k to 42k and then did a deadcat bounce and is lingering around 46k at this point of time.

I guess this is the sort of crashes we were expecting only with crypto and from my own opinions it happens every 35 days - 60 days. Especially after a strong bull push.

Is the bull season over ??

BTCUSDT_20210908_141923.png

By the look of things .. the Daily chart of BTC is still showing bullish and we have several support lines which is holding pretty strong. If we can stay strong around the 46k range, we may see a nice little recovery towards the weekend.

Anyway .. these are just my own opinions and not any financial advise.

Cheers all and have a great day ahead !!!

#teammmalaysia #trading #crypto #wherein
3 years ago in Team Malaysia by
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