We all knew the market was long overdue for a correction and what you are seeing right now is pretty normal. In fact, it is a healthy retracement to ignite the bull run for the next leg up. My only concern though is that the trendline of the BTC as well as the horizontal support (at $57k) is broken which is not a good sign and might indicate that the Bullrun might...
A little back Story:
Many people think that Cake will pull off a BNB and well, they are not wrong- at least in my opinion. A few days back, I was looking for a long entry but saw a Bearish engulfing candle and decided not to- In fact, I went on for a low-lev short with the target of 0.618 fibs ($21.665 ).
What's next?
The 0.618 acted as the perfect support and...
