Crypto 30 index: huge resistance line

12 Şub 2022

Expected rebound to 19,000 but there was an important bearish move on the long-term resistance level. If the price doesn't go beyond 19,000 there will be a huge correction on cryptos again. This index tracks the top 30 cryptos based on market cap. It's getting more and more popular as a breath indicator of the crypto market. We don't own cryptos right now expecting a new bearish move, that is waiting for a good buy-and-hold opportunity, so far incoming inflation and intervention by the Fed pose a tremendous risk on cryptos as well as stocks. March could be another volatile month for cryptos.