The Band Continues to Stretch $6300 magnet. $BTC $ETH

The crypto band continues to stretch and many other crypto’s are striking first. Bitcoin is currently trading around $4200, however as the band stretches one can see the gravitation towards the massive breakdown area at $6300. This is pivotal because I can see the market forces taking prices there before analyzing the overall fundamentals and market conditions again deciding where to go forward. The breakdown area is a pivotal point where buyers threw in the towel and sellers pressed. This works in reverse as well. Now the sellers are on the run and the bulls need to show up.

Crypto

About the author: HeyImSnuffles Snuffles

Just Climbing the Wall of Worry and Picking the Right Time to Get out of the Way. I am a Nuclear Engineer who quit and has studied global and crypto markets for almost a decade.