Overnight the slide in Cryptocurrencies continued to catch more selling pressure. Amid increasing angst about incoming regulation and clampdowns on Bitcoin miners in China we should see this continuing. After reaching parabolic highs in December, this is healthy price correction to setup another big move higher. There is a tendency to want to rush into trades but this is a good time to take a break from the charts and focus on life stuff without worrying about missing out on big moves.
News:
Reasons For Cryptos Decline:
Regulatory Pressures Mounting:
https://cointelegraph.com/news/bitcoin-halts-week-long-slide-but-battles-with-regulatory-pressure
Possible end of the 5th wave is done and a long decline to follow.
