Long

Victor Cobra's Crypto Market Update 5.2.2021 (Part 2)

Updated

Part two of my market update. I continue to discuss Ethereum, but I talk a bit more about NANO, LTC, NEO, and SLT.

Thanks for watching!

This is not financial advice - again, this is for my personal record and meant for speculative purposes only.

-Victor Cobra

Comment

This is the sort of bull trap I was talking about in my analysis. The volume just wasn't there for follow-through this week. Some coins are doing well- ETH, LTC, and DOGE. If Bitcoin drops towards the high 30k level, that can end quickly. Watching for support near the 100 day MA, and for a bounce back into this bullish consolidation structure. Still no real direction, but here are two possible scenarios:

VictorCobra

Also on:

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.