It's clear by now that the entire crypto market is in a massive retracement.
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It started with a bit of profit taking but it seems that the FUD is now gripping the market. Comments from enthusiasts like Charlie Lee probably didn't help either.
Those who have been in this market for a while are not nervous though. We've seen this type of action many times before. In fact, the traders out there have been expecting it.
You don't get quadruple-digit gains without a few double-digit pullbacks. For the true believers, this is the time to consider buying the dip.
Please note: All data, figures & graphs are valid as of December 22nd. All trading carries risk. Only risk capital you're prepared to lose.
Now that tax cuts are out of the way. Congress was able to move on to the next most urgent order of business, keeping the government open.
Last night they passed a quick fix that will allow Congress to pay their bills over the holidays. This three-week patch is a clear case of "kicking the can down the road." Still, it's much better than the alternative.