To be clear, I’m very bullish on NFT technology but bearish on collectibles projects. Even though some are dope and doing cool things, the risk off macro environment will be brutal to the most volatile and newest asset classes. Anything up 1000x the past year can easily drop 90%.
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People that leave crypto at these super fearful times really miss out on the best opportunities these dips bring and don’t realize until it’s too late.
Looks like continuing fears of Russia invading Ukraine and Biden’s crypto regulations caused a push lower with the daily candlestick closing below right shoulder support. With this bearish confirmation, a move to support at 37K seems realistic.
Reverse head & shoulders pattern on the Bitcoin daily chart is looking like we could see some more upside in the whole crypto market soon. But if there’s a daily candlestick close under the right shoulder support or any bad news, we could potentially see bitcoin going lower.
Jungle Freaks Motor Clvb 🏎
Minting Early March 2022 🚨
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💰 $15,000 in ETH Prize Giveaways
Giving away 10 WL spots, RT & Join discord!
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