Here is my logaritmic chart that explains current situation.
Addition to that :
Oil prices are getting down.
Transportation rates are getting down. Meanwhile SP500 making higher highs. Usually they both go together, because companies sell stuff - companies take stuff which means transportation should be same direction as market price. But it's not at the moment. It can be early sign of SP crush.
Those markets will effect Crpyto in general if something goes wrong.
Plus we're at very key resistance level. Which is MA200 + Main uptrend line.
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Just make sure you still have some profits. Remember you can always buy back almost same price when this critical resistance breaks and turn into support. So be patient.
Addition to that :
Oil prices are getting down.
Transportation rates are getting down. Meanwhile SP500 making higher highs. Usually they both go together, because companies sell stuff - companies take stuff which means transportation should be same direction as market price. But it's not at the moment. It can be early sign of SP crush.
Those markets will effect Crpyto in general if something goes wrong.
Plus we're at very key resistance level. Which is MA200 + Main uptrend line.
-----
Just make sure you still have some profits. Remember you can always buy back almost same price when this critical resistance breaks and turn into support. So be patient.
Barbarians Trading