TL; DR
Full story
Every day we consume what mental health professionals call:
“An obscene and borderline dangerous amount of information.”
All so we can take what we’ve learned, turn it into an easy-to-consume information syrup, and deliver it to you.
(That’s our excuse anyway – honestly, we’d probably do it anyway).
Here’s what we’ve learned in the last 24 hours:
-
The market has become a little too expanded, meaning prices were due for a pullback but instead moved sideways
-
That sideways price action finally breaks and prices start to fall
-
But this is a healthy thing: as we said, the crypto market was due for a correction
-
The theory is that we are now experiencing a downturn (wave A), which will be followed by a recovery (wave B), before finding a new short-term low (wave C).
