Has The Crypto Reversal Resumed?
It was interesting to see how cryptos were spiking after our oh-so-important, oh-so-vital Federal Government shut its doors. It didn’t last, though, and we’re already seeing an about-face.
If that line in the sand at $13,000 holds, a measured move (see tinted magenta range above) downward would put us at about $7,500 or so, which just happens to be where the next meaningful cluster of support is.
I’m much more interested, of course, to see what the ES and NQ reactions are when they open later today, given what’s going on in D.C.
Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...
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