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Issue 79 – What to Make of Friday’s Volatility

September 24, 2021


Happy Friday, Cryptocademy!

I suppose it’s happier for some than others, given the China news overnight.

Given everything that’s happened this week with the charts, I figured it was time for a massive update.

Today’s issue covers BTC, ETH, ADA, DOT, LINK, LTC, and VET.

I go into detail to show you exactly what I’m looking for from each market, so you’ll have an advantage over the rest of the market next week.

Let’s get it!

Bitcoin (BTCUSDT)

Bitcoin sold off overnight from the same 0.618 Fibonacci retracement as the selloff that originated on September 18th. It’s truly remarkable how well Fib levels work in crypto.

Today’s big test will be whether or not BTCUSDT closes above $42,880. That’s the 50% retracement of today’s range and also the September 7th low.

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Justin T 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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