Crypto News

Ryptocurrencies: Cryptos wither while other assets rise

Despite yet another strong nightly session for almost every asset on the planet, here’s the weird man in the world of Cryptocurrencies. Just take a look at:

Ryptocurrencies: Cryptos wither while other assets rise, Crypto Trading News

BTC-Price chart

Of course, all year round it has taken people on a crazy ride; first it went to about $ 65,000 just to more than lose half its value, and then began another surge, peaking at nearly $ 70,000 before falling to pieces again. I strongly suspect that falling is far from over.

Ryptocurrencies: Cryptos wither while other assets rise, Crypto Trading News

BTC price chart

But here’s the thing about crypto, and that’s why I basically pulled the plug on my own in late October, even though I made good money doing it for the trading year: it seemed every time a setup would do it Completely, it would immediately start to fall apart.

Indeed, on mine yummy trade Show yesterday, I explicitly said that in spite of everything to be a great looking chart both of which I put here Tilt as well as at my delicious fair the week before, I thought it would arrive very soon. Well, “very soon” has arrived, and just like all of the other beautiful looking crypto charts, it’s turning away from what should be a super-breakout and starting to wither.

Ryptocurrencies: Cryptos wither while other assets rise, Crypto Trading News

Polygon (MATIC) Price chart

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Fusion media or anyone involved in Fusion Media assumes no liability for any loss or damage arising out of reliance on the information contained on this website including data, rates, charts and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment.

Source: Crypto News Deutsch

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