Crypto Meltdown In Progress!

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The Ethereum head and shoulders on the daily got invalidated so the target is no longer on the table, but I still don’t see that ETH can break upwards yet because of the Bitcoin chart. Bitcoin is walking on tissue paper and a breakdown is imminent in my opinion. Our lowest BTC close this cycle is just under $19k and we’ve traded that low today. If we play with this bottom we’ll fall fast and abruptly to our actual cycle low. I really believe whatever bottom this causes will ultimately be it and we’ll move sideways and upwards for years to come.

#lunc #bitcoin #ethereum #crypto #trading #investing #cryptotrading #cryptocurrency #btc #eth

*Please see warning at the bottom of the description!

0:00 Intro
0:46 Actual Video :)

This code gives you 10% off Kucoin trade fees:
https://www.kucoin.com/r/af/QBSSS9LX
For a quick KuCoin Tutorial watch this video:
https://www.cryptoinfluencers.com/videos/42ee5383-5c92-434c-a4c1-3cb5af85d157

This is the Calvin Moving Averages indicator if you want to add it to your own TradingView:
https://www.tradingview.com/script/nF9KMmaY-Calvin-Moving-Averages/

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***WARNING*** All bitcoin, ethereum, crypto, and other content reflects the personal opinion of Calvin Weight and anything stated or implied does not speak for any company in any official status. I am not a licensed or accredited financial advisor and no opinion should be taken as financial or trading advice. It is safe to assume that I am invested in or have a financial interest in everything that I talk about here so my opinions are skewed. Trading especially with leverage is risky - do not invest money you aren’t prepared to lose.