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Why I’m Not Worried About This Week’s Crypto Crash

From moneymorning.com

Wednesday's cryptocurrency crash was a bloodbath; there's no other way to put it or sugarcoat it. But it's worth pointing out it wasn't a bloodbath for everyone – I'll show you why in a second. How bloody? Well, at one point yesterday afternoon, for a very short while, Bitcoin was trading more than $8,200 below a key Fibonacci retracement level I identified just the other day. I'm talking prices we haven't seen for more than a year. Now, a lot of folks might be worried, and that's understandable. But I'm here to tell you: Don't worry. Because what's actually happening is a bigger, juicier opportunity than even I ... (full story)

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  • Category: Fundamental Analysis