What the actual hell is going on in crypto today?
The market more or less defied all odds to close at $9600, all the way from $9200 earlier today.
I am so confused as to what to do. Most technical analysts out there gave results that coincided with mine: Bitcoin would consolidate for at least the end of today, before rallying to 9500.
Apparently we were all wrong at the same time, as Bitcoin is currently $9620 on Binance as at the time of writing this post.
Bitcoin cash isn't left out either, breaking its own resistance and making a new high for the year.
BAT on the other hand, seems to have found peace at a new resistance point, because it has plummeted from it's 0.25 mark to make a new home at 0.247, completely missing the 0.26 mark.
It seemed like BAT would never stop its parabolic move up, appreciating over 12% in the past few days.
Other cryptocurrencies though are effortlessly passing over 100% on the daily.
WRX is up over 200%, which is just obscene, and ETHBEAR is up 25%.
Seriously, I don't know what to make of all this. It goes on to show that classical technical analysis doesn't really work well when Crypto wants to be crypto.
This is a classic example.
It's safe to say that I have been able to profit only from the BCH move. I liquidated my BTC positions at 9400, a move I seriously regret right now.
Anyways, let's see what tomorrow brings.
Thanks for reading.