It’s also showing some relative strength against the indices.
https://www.tradingview.com/chart/4VjJeu3S/
While it’s still too early to call it, I think this dump could be the wyckoff spring pattern where everyone gets shaken out.
You would want to see confirmation over the next weeks.
I’ve been bearish on crypto since like 35k and loved getting all your downvotes for it. Hell I still have this in one of my BTC charts. Man, the amount of “TA is just horoscopes for men” BS I got… But the entire time, hitting the 50% retracement was my goal. We’re there, so now I would buy and hold for the next years.
There’s a lot of fear in crypto right now. take advantage! GL!
submitted by /u/realsapist to r/CryptoCurrency
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