Another test of some serious support after the swift trip from the top to the bottom of the current range / flag. The prior pullbacks have lasted 2 to 4 days, with an uptick in trading volume, and this is day 4.
Is it a shakeout? People like Tom Lee believe so, but now bitcoin is diving so it's becoming more of a risk off - or panic. I will take a look and see if there is a correlation between other recent sharp pullbacks in bitcoin and see what the S&P 500 was doing.
Will this afternoon bring a Turnaround Tuesday, or is the investment community on hold unit COB Wednesday when Nvidia reports and could make or break the market>
Is it a shakeout? People like Tom Lee believe so, but now bitcoin is diving so it's becoming more of a risk off - or panic. I will take a look and see if there is a correlation between other recent sharp pullbacks in bitcoin and see what the S&P 500 was doing.
Will this afternoon bring a Turnaround Tuesday, or is the investment community on hold unit COB Wednesday when Nvidia reports and could make or break the market>
