This one was an insane firecracker during the Nov/Dec run up in crypto. It ran up about 1000%, it was insanely hard to ride with it up 30% multiple days in a row.
Whenever a chart corrects back to a "past high", that is suggestive of a Wave 4 correction that reaches to the limit of the prior Wave 1 peak. One possibility is that a Wave 5 rally is to yet to come. And in crypto, wave 5 rallies tend to extend.
Inflation printed high today, and with Cryptos rallying at the moment, they could be revealing themselves as the safe haven asset.
There could be profits to be made here, but extreme caution is required.
Whenever a chart corrects back to a "past high", that is suggestive of a Wave 4 correction that reaches to the limit of the prior Wave 1 peak. One possibility is that a Wave 5 rally is to yet to come. And in crypto, wave 5 rallies tend to extend.
Inflation printed high today, and with Cryptos rallying at the moment, they could be revealing themselves as the safe haven asset.
There could be profits to be made here, but extreme caution is required.