Altcoins have been absolutely destroyed. Ethereum has shed 13% in the past 24 hours; Bitcoin Cash, -20%. The market capitalization of the cryptocurrency market has collapsed all the way to $240 billion.
With this massive flash crash, Bitcoin has shed an array of clear support levels — the descending triangle bottom of ~$9,500, the horizontal support of $9,400, and key moving averages. A daily and weekly close at these levels could thus be disastrous for bulls, at least in the medium-term.
It may not be curtains closed for this bull market, however. Martin Chebbi, a Twitter user, reminded Crypto Twitter users that a loss of a descending triangle “doesn’t necessarily mean the end of a bull run”. He notes that in 2017, Bitcoin similarly shed a triangle, to only rally above it in the months that followed.
Follow me for more update..
A massive flash crash
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hoping for an uptrend in the following days😂
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
bullish will follow soon..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I almost fall...almost
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i was :(
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
there's rainbow in every storm =))
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hehe upvote kita sir tanz.. Pa upvoted then sa mga post ko thanks.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
tnx bar2loyz ill follow you back
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit