Crypto market dumped so hard that we have Gold on top gainer | CRYPTO MECHANIC en Binance Square

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CRYPTO MECHANIC

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Crypto market dumped so hard that we have Gold on top gainers list. 

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Aviso legal: Se incluyen opiniones de terceros. Esto no representa una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.

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Besides that monthly chart, This is the daily zone on $BTC Can Bitcoin bounce from here? Yes Am i buying? No My only execution plan is the one i shared in the post below. If i get that i'll take it otherwise will just keep what i have.

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There is news circulating that DOJ cleared to sell 69,370 or $6B worth of $BTC from the silk road darknet marketplace. $6 billion is nothing for a $1.8 trillion asset but yes the news enough to make people panic. Lol

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$BTC Update When the month started i shared my thoughts on the chart and said i want to see price takes out the monthly low first and then go up. (Basically wanted to see a bear trap) But market had other plans. That wick you see on the chart is market taking the bulls liquidity. Monthly candle have 22 more days in it so a lot can happen on Bitcoin in 22 days. The chart still looks fine as there is no major break. Now that we are close to the same $90k zone again it would still be great if price takes out those lows. For trading perspective i think a better trade setup will be price dropping under $90.6k and reclaim it. This is where i will execute my trade as well.

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Do you think the bull market is over ?

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10-12 red 4hr candles on almost every Altcoin. This is insane, A proper wipe out

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