This past week the crypto markets carried the headlines as crypto prices plunged signaling the potential end of the crypto bull run.
In last week’s Market Watch I noted that “Bitcoin and Ethereum were at a critical level for the bulls to defend otherwise risk a sharper pullback”.
Did I think we’d see a 50% pullback?
TBH no, but I did understand the possibility of such an event.
If you haven’t yet I would recommend watching my video where I examine the price action of history’s major market reversals and the one thing they all share in common:
Trading Reversals – An Examination Of Major Market Reversals and Market Crashes – https://youtu.be/a_Pi5_C1ChU
I think we may have a volatile week ahead of us as the inflationary vs. deflationary narrative continues to play out in real-time.
Here are some of the ideas in this week’s video: