Issue 69 – Bitcoin on Repeat

September 10, 2021


Happy Friday, Cryptocademy!

After two days of consolidation, sellers are trying to push cryptos out of their comfort zone with the help of the S&P 500.

Today’s issue will focus on a Bitcoin pattern that may foreshadow what’s to come. We’ll also discuss how US stocks could play a role in the price action later this month.

Plus, updates on BTC, ETH, DOT, ADA, AVAX, and VET.

Let’s get it!

A Glimpse Into Bitcoin’s Future?

Markets are starting to move, so I figured I’d dedicate the majority of today’s newsletter to the charts.

But before we get into the technicals, I want to reiterate something I mentioned on Twitter earlier today.

The recent selloff from Bitcoin has mirrored two previous occasions. Even the two days of consolidation are nearly identical.

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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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