Victor Cobra's Crypto Market Update 5.2.2021 (Part 2)

Part two of my market update. I continue to discuss Ethereum, but I talk a bit more about NANO, LTC, NEO, and SLT.

Thanks for watching!

This is not financial advice - again, this is for my personal record and meant for speculative purposes only.

-Victor Cobra

Commento:

This is the sort of bull trap I was talking about in my analysis. The volume just wasn't there for follow-through this week. Some coins are doing well- ETH, LTC, and DOGE. If Bitcoin drops towards the high $30k level, that can end quickly. Watching for support near the 100 day MA, and for a bounce back into this bullish consolidation structure. Still no real direction, but here are two possible scenarios: