In the latest posts, Justin Bennett told his 107,100 Twitter followers that he expected cryptocurrency prices to continue falling, noting that the latest recovery could be a rising trap that draws investors to the misconception that an extended rally has begun.
Don’t be fooled. As it stands, this week’s march is nothing more than a retest/trap of a downward bull.
Anyone who says that small currencies will not retreat so far… They did it once.
A slight rebound from cryptocurrencies today, but don’t lose sight of what the S&P 500 did on Friday.
The upside of hazardous assets is limited as shown