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Cryptocurrency: Crypto Market Is Days Away From Its Next Big Crash (October 2019)
Bitcoin has done practically nothing but traded sideways if we were to look at the daily chart because it closed below the 38.2% fib extension level once again. However, the same could not be said of Ethereum (ETH) which made quite a few moves of its own and ended up rallying much higher making big moves to the upside shaking out bears who entered shorts just when the price declined below a key support. The price has now broken past that support turned resistance and has run into the 200 EMA on the 4H time frame as well. So, what does all of this tell us about what is happening? Well, if we were to look at BTC/USD, we don’t see this move because it is not in line with what is happening on larger financial markets.
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