If you’re an avid crypto fan, or were just watching the headlines on the big trading websites, you probably heard that Bitcoin crashed pretty hard this weekend.
On Saturday, the biggest day of the selloff, price ran all the way down and touched the 42,000.00 level before rallying back up towards 49,000, which is about where it still is.
Admittedly, I’m pulling these numbers Monday afternoon and the crypto markets never sleep, so that could fluctuate a bit depending on the time you read this on Tuesday!
But the general idea is the same: big BTC crash. What happened? And what’s next?
Well, I have some ideas that I’ll share in a minute, but if you want to come chat with me about it first-hand, the BEST place to do that will be at my live webinar this afternoon!
LIVE Class — Reading the Markets and Finding Trades
Join me LIVE for my weekly appreciation class this afternoon at 5:00 PM ET.
We’ll talk about the BTC crash, we’ll talk about the crazy volatility of the last week or two…
Then we’ll dive into the hand-picked stocks YOU want me to talk about!
It’s an awesome, half-hour LIVE trading session, and it’s all FREE.
There has been a lot of panic, a lot of sellers moving out of BTC, and an absence of whales stepping up to buy.
Since the move down, BTC has been fairly flat. There is some risk that we get a lower low to finish this correction up.
My Spidey sense still says we are going higher.
At the moment, though, we’ve basically got Bitcoin in a box:
BTC is stuck in this box.
If we break out of the top, that could see us back up to the 57,000.00 area very quickly.
If we break down… that probably means a lower low.
It’ll take some time to see where we go from here.
Of course, you’re in the future. I’m not. Maybe you’ve already seen the price action I’m talking about.
Can’t wait to join you in the future in a few hours.
Hope they have hoverboards!,
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