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Issue 20 – Markets Are Dropping, I’ll Be Buying (Here’s Where)

June 18, 2021


I thought I’d take a break from the daily lessons and finish the week with some personal insight.

For the last few weeks, I’ve discussed the potential for a second leg lower from cryptos.

Even Bitcoin’s rally to $41,000 wasn’t enough to reverse the trend.

Today, I want to highlight some support levels I’m watching, including where I’ve set buy orders in case we see another round of weakness.

Let’s get it!

How Much Lower Can Cryptos Go?

Many believe cryptos won’t go much lower because they’re already down considerably.

May’s correction undoubtedly tested some lower boundaries, but I’d argue that many cryptos aren’t all that low, at least not relative to the beginning of 2021.

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Justin Bennett

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About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast.

My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig.

The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight.

Cryptocademy.com is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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