Is the FALL in CRYPTO TOTAL MARKET CAP OVER??
Back to the Daily Chart...
Price fell back down early this morning to pierce the New Pivot Support Line in Orange only to find buyers to push price back above after setting a new near-term low at 1.475T.
Price also tried to get back over the lower red dashed lower channel line only to find sellers to push it back below.
The main body of the candles for the last three days look to be in a range, so looking for which way it may ultimately go.
The FED meets tomorrow and will have their announcement on Wednesday at 2:00PM.
I would be surprised to see this trading range continue until then.
The chart is telling me that there may be more downside to come.
It is possible that after the FED announcement on Wed, there may be a dump (how far I don't know) as the Big Boys rearrange their positions (all depends on what the FED says) and then comes the pump.
I did fill 6 positions today, but still have a good deal left in case there is a blow off bottom.
Not necessarily expecting it, but darn sure going to be ready if it does.
These small ups and downs haven't really shown me anything...so the best of the show is still to come.
Thanks for all the LIKES and all the best!
Price fell back down early this morning to pierce the New Pivot Support Line in Orange only to find buyers to push price back above after setting a new near-term low at 1.475T.
Price also tried to get back over the lower red dashed lower channel line only to find sellers to push it back below.
The main body of the candles for the last three days look to be in a range, so looking for which way it may ultimately go.
The FED meets tomorrow and will have their announcement on Wednesday at 2:00PM.
I would be surprised to see this trading range continue until then.
The chart is telling me that there may be more downside to come.
It is possible that after the FED announcement on Wed, there may be a dump (how far I don't know) as the Big Boys rearrange their positions (all depends on what the FED says) and then comes the pump.
I did fill 6 positions today, but still have a good deal left in case there is a blow off bottom.
Not necessarily expecting it, but darn sure going to be ready if it does.
These small ups and downs haven't really shown me anything...so the best of the show is still to come.
Thanks for all the LIKES and all the best!
