The Head and Shoulders of A Crypto Market Crash

in #bitcoin • 5 years ago

Ethereum Dropped more than 15% in the last 24 hours. Painful... yes it is. On the technical analysis chart, the Head and shoulders formation occurs when a market trend is in the process of reversal either from a bullish or bearish trend.
Screen Shot 2019-01-10 at 12.14.54 PM.png
The crypto news that could have caused this is explained in this article. https://www.ccn.com/what-caused-ethereum-bitcoin-cash-to-plunge-15-in-less-than-4-hours/

Over all Ethereum is still up about 40% on the one month chart. Screen Shot 2019-01-10 at 12.23.24 PM.png

So... Don't go panicking over this one. Chances are we've already hit the bottom of the Shoulder. I missed my opportunity to sell on this drop. So my goal is to wait to sell after another 30% recovery.

#cryptocurrency #crypto #investments #altcoins
5 years ago in #bitcoin by
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     5 years ago 

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