ClearValue Team Insights
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Bitcoin: Be Greedy When Others are Fearful
Yesterday evening and overnight BTC has dropped below the support line of the bull pennant. There have been wicks below the bull pennant so dips down to $58-59k are still fine as long as they get bought up. This dip is a bit more concerning with a steeper drop down to $57k and the price […]Read More
ETH Dips Below the Green Support Zone Again
Yesterday Hong Kong launched BTC and ETH ETFs that completely flopped. There was just a few million in volume, which was much lower than expected. I think this poor ETF launch is one of three reasons why crypto is dropping today. The other two reasons are CZ’s sentencing hearing today, as well as traders bracing […]Read More
BTC Retesting the Bull Pennant Support Level
During the last upswing BTC failed to reach the upper end of the bull pennant. There has been a downswing and BTC is now approaching the bull pennant support line. The price needs to hold above $60k, and there could be some wicks below for the best price entry. I will continue to buy ALTS […]Read More