We didn?t have virtually any big moves in the crypto market for months, then November gave bulls a bunch of BIG MOVES they didn?t want
BIG MOVE SET UP
We didn?t have virtually any big moves in the crypto market for months, then November gave bulls a bunch of BIG MOVES they didn?t want. Now it?s been calm for a week or two but as the charts below show, there?s a good chance we?re about to see some volatility.
ETH IS THE CHART TO WATCH
Sure FCT is up 100% since we shared the trade and we could write all about that but you can just read yesterday?s post again and see what?s going on there for now?FCT is definitely worth watching.
BUT ETH is still a huge altcoin that almost everyone is watching and IT IS AT THE EDGE OF THE CLIFF. BTC and XBT say it might not fall over the edge but maybe things really are different this time and we?re seeing coins move independently of BTC and other coins. FCT and WAVES (chart below) say MAYBE but they are not top 5 altcoins ? ETH is?
THE US STOCK MARKET ? IS IT A FACTOR FOR CRYPTO?
We?ll also note the US stock market got hammered yesterday and futures are WAY down as we post this ? does that matter to crypto? It hasn?t recently but when things get really volatile (hey, it MIGHT reverse to green by tomorrow too!?not high prob but possible) , you want to watch where ALL the money goes?.
THERE ARE POTENTIAL SAFE TRADES THAT WE SHARE ON THE CHARTS BUT BEST TO WAIT UNTIL CLOSER TO CLOSE TOMORROW ? however, things are so dangerous right now if you can?t honor TIGHT stops it?s probably best to sit and watch the action from the sidelines and wait for a more clear bullish set up.
