Breaking down trends in the cryptocurrency market


Breaking down trends in the cryptocurrency market

Cumberland’s Chris Zuehlke joins ‘Squawk on the Street’ to explain how cryptocurrencies performed in light of the Evergrande news, how cryptocurrencies could counteract hyperinflation and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO:

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  1. If there is one thing I have learned in recent months it is to remain calm, especially when it comes to investments in cryptocurrencies. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up. I advise y’all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.The market is very unstable and you can’t tell if it’s going bearish or bullish. without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow. I was able to make 6 BTC from 2.1 BTC in only August from implementing trades with tips and info from Mr Andrew Larsen.

  2. Zoom out to the multi-year charts of crypto. Obvious trend is south. BTC, e.g., tried to beat the $60K level several times, no banana. The pool of uninformed retail traders willing to invest highly-speculative $$ in crypto has dried up. Best guess is BTC sees the $20K level in 1-2 months. Best case scenario is BTC remains in the $40-45K range for awhile, allowing retail traders time to get out.

  3. <I respect your work colleague because you are pointing people in the right direction, this is FOMO September for the upcoming dip in october. It’s rigged, but that can be a good thing if you understand it. We should all know that when these reports are bullish some will go to the sidelines, if the news turns bearish you will start buying. "Keep it simple simple" this bear / correction was the best thing that happened to me. But all thanks to expert Mavis for his amazing skills in helping me make 20 BTC through trading charts. I think we are in the spring phase

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