Kind of a follow up on my first ever idea, GRT confirmed some bearish momentum leading up to a breakout on a wedge formation.
However, we've just seen a massive sell off and a decent rebound on pretty much everything. I wouldn't call this a crash by any sense of the word. If we look back to previous years "flash crash" we can root out a cause.
A quick google later, and we have an article from Coindesk, unfortunately a few days old now. (And I can't post the link due to low reputation. Urgh.) Anyways, check it out.
www coindesk com / chinese-new-year-dump-not-this-year.
They do however go into some good details regarding previous years dumps.
Stay positive folks, this isn't the end of the world!
However, we've just seen a massive sell off and a decent rebound on pretty much everything. I wouldn't call this a crash by any sense of the word. If we look back to previous years "flash crash" we can root out a cause.
A quick google later, and we have an article from Coindesk, unfortunately a few days old now. (And I can't post the link due to low reputation. Urgh.) Anyways, check it out.
www coindesk com / chinese-new-year-dump-not-this-year.
They do however go into some good details regarding previous years dumps.
Stay positive folks, this isn't the end of the world!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.