HOW LOW, CAN WE GO! HOW LOW, CAN WE GO! (TOTAL2 VERSION)
If I had to guess, the crypto market minus BTC still has ~10% of bleeding left to do before it hits previous support. Forgot to check but that's like a few billion at least.
Breakdown & bear retest of 200 on 3D supports this idea
Breakdown into oversold RSI on 3D indicates we may see a bounce soon - but it could also get stuck down there for a while while we continue down.
I think the admirable performance of ETH is the only thing keeping this afloat right now, and will be the only reason this *doesn't* play out, if it catches support sooner.
Anyone buying ETH around these levels will look like a genius a year or so from now...
happy trades, always ~
CD
Breakdown & bear retest of 200 on 3D supports this idea
Breakdown into oversold RSI on 3D indicates we may see a bounce soon - but it could also get stuck down there for a while while we continue down.
I think the admirable performance of ETH is the only thing keeping this afloat right now, and will be the only reason this *doesn't* play out, if it catches support sooner.
Anyone buying ETH around these levels will look like a genius a year or so from now...
happy trades, always ~
CD
We'll see if it lasts... with FOMC coming up I expect volatility soon