$COIN
Added 2023-11-03 17:32:56 +0000 UTCBulls should be encouraged about a few things here.
Support was found on the 200 Day MA and it bounced from here.
Wave 5 looks in now, and
Crypto stocks are going to start attracting buyers back into the market soon as they appear to be performing very well and a lot of positive sentiment is drifting back into this market too.
I can only see one Wave bounce so far so a pull back next will be needed, when I see this bounce completing, we will add in the support levels.
Getting above the blue line at $87.70 means this is back into the bull case.
Comments
Any thoughts why mining / related stocks are having a very muted rally compared to Bitcoin itself? They surged when Bitcoin reached 30-31k but their relative strength is much reduced even as bitcoin tops 35k? A bad omen or crazy catch-up rally incoming?
Chris P
2023-11-05 09:22:48 +0000 UTC
