BTC and Cryptos Breaking Lower - Don't Fight It !

in #btc7 years ago

Crypto Volume Analysis

We might see a deeper drop as I warned of yesterday, when looking at the market cap, as it has dropped below the support that was around 650 Bln. The fall is sharper than I expected and the Cap is now 572 Bln. There are some lows around 540-50 Bln that may support but ultimately, if this snowballs, we are looking at 430 Bln and the spike low from Dec 22.

BTC/USD Jan 16 2018

https://www.tradingview.com/chart/BTCUSD/Kx8KuwH6-1-Crypto-H4-BTC-USD-Bearish-Breakout-Jan-16-2018/