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.
This is a members-only issue. Join today to get access to the full post, charts, and watch the video.Join and pay monthly Join and pay yearly (save 20%)
Already a paying member? Sign in