Cryptocurrencies

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 as a whole is still be continuously led beneath the surface by the likes of LTC, ETH, EOS, etc. I expect this grinding up action to continue until some of these targets are met. 6000+ magnet.

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