Monday's tend to be bloody for the crypto markets...
We have the really bad news of Trump testing positive for COVID-19, which can lead to the markets bleeding.
This can turn into a blessing if everything turns out fine for Trump (he is in the high-risk category), as he will be able to say that he got over it easily, that the disease is mild so it is even easier on the young... but the markets will suffer regardless short-term.
(If Trump dies of COVID-19 though God knows what will happen... The whole world media might go bananas...)
Let's hope he gets well. :)
Are we about to see a very bad Monday?
That is exactly what is likely to take place.
We are seeing distribution take place in the past few days... With the MA200 backline moving up, prices are likely to go down to meet it half-way...
The MACD is also below zero and about to print a bearish cross...
Bitcoin will drop...
What's your take?
Namaste.
We have the really bad news of Trump testing positive for COVID-19, which can lead to the markets bleeding.
This can turn into a blessing if everything turns out fine for Trump (he is in the high-risk category), as he will be able to say that he got over it easily, that the disease is mild so it is even easier on the young... but the markets will suffer regardless short-term.
(If Trump dies of COVID-19 though God knows what will happen... The whole world media might go bananas...)
Let's hope he gets well. :)
Are we about to see a very bad Monday?
That is exactly what is likely to take place.
We are seeing distribution take place in the past few days... With the MA200 backline moving up, prices are likely to go down to meet it half-way...
The MACD is also below zero and about to print a bearish cross...
Bitcoin will drop...
What's your take?
Namaste.
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