Bitcoin Breakdown Should Acceralte It's March Towards $0
-After weeks of contraction in price, Bitcoin finally exploded and took down a key support.
-Breaking down from the descending triangle with bearish MACD cross shows weakness.
-The Zero Interest Rate Policy (ZIRP) of Federal Reserve that gave rise to many bubbles over the last decade is coming to an end.
-With the "risk off" sentiments growing in the markets, all asset classes will take a hit and speculative bubble like cryptocurrency will start crashing further.
-I believe all cryptocurrencies are worth $0 in the long run.
Follow me on Twitter (@TraderBased) for regular updates.
Not an investment advice, do your own due diligence.
-Breaking down from the descending triangle with bearish MACD cross shows weakness.
-The Zero Interest Rate Policy (ZIRP) of Federal Reserve that gave rise to many bubbles over the last decade is coming to an end.
-With the "risk off" sentiments growing in the markets, all asset classes will take a hit and speculative bubble like cryptocurrency will start crashing further.
-I believe all cryptocurrencies are worth $0 in the long run.
Follow me on Twitter (@TraderBased) for regular updates.
Not an investment advice, do your own due diligence.