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Good Morning and Happy Hump Day E.T Fam! If you all have been paying attention to the market, I’m sure that you all have seen the recent dip in the price of Bitcoin. Now, everyone is left wondering if this is just a brief shakeout or should we be worried about more negative price movement? Should we be bullish or bearish? Krown is here to give us an answer that is backed by data.
The effect that leverage has on the crypto market is also explained in this video. Remember, it’s never wise to trade with leverage unless you absolutely know what you’re doing. Even then, you need to be very careful. My best advice is to stay away from it altogether. If you’re worried or wondering what to expect next, it would behoove you to tune in.
Shakeouts due to over leveraged trades are to be expected. The great thing about shakeouts is that once they are over, we typically shake them off and move forward. However, don’t take my word for it. Let’s see what the King Of The Charts has to say about it. After your daily dose of TA, be sure to like, comment, and subscribe. Take care E.T Fam!
DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR
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