TL;DR
Full Story
Each day, we consume what mental health professionals have referred to as:
“An obscene and borderline dangerous amount of information.”
All so we can take what we’ve learned, boil it down to an easy-to-consume informational-syrup, and deliver it to you.
(That’s our excuse at least — honestly, we’d probably be doing it either way).
Here’s what we’ve learned over the past 24hrs:
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The market has become a tad over extended, meaning prices have been due for a pull back, but have instead moved sideways
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That sideways price action is finally breaking, and prices have begun to move down
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But this is a healthy thing — as we said, the crypto market was due for a correction
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The theory is, we’re now experiencing a move down (Wave A), which will be followed by a bounce back (Wave B), before we find a new short term low (Wave C)
