Yesterday I talked about how the rally cries throughout the crypto space had one underlying issue – bitcoin had not broken out. It was at resistance and if it didn’t push through then hopes of a continued move were nill.
A Quick Turnaround
Less than 24 hours later we got our answer with a big fat red candle as bitcoin got smacked down by resistance in that 4100-4200 area as seen in the chart.
Just about all the other coins followed and are even trading below their prior highs that they broke above, i.e, LTC and EOS to name a couple.
Next Steps
We definitely
Crypto Down – After My Last Post Are You Really Surprised?
February 24, 2019
Published by timm
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