Youtuber Crypto Capital Venture Says Crypto Is About To Fall By CoinEdition

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YouTuber Crypto Capital Venture says crypto is about to hit rock bottom YouTuber Dan Gambardello aka Crypto Capital Venture warns that crypto is about to hit rock bottom. Gambardello says the stock market will guide the bottom of the crypto. .

CryptoYouTuber Dan Gambardello aka Crypto Capital Venture has warned that crypto is about to hit bottom. In one of the youtuber’s recent YouTube videos, he stated that the cryptomarket is less than 30-60 days from the bottom.

Gambardello backed up his claim with data explaining why he thinks the crypto is on the verge of bottoming out. He said the risk-reward and tolerance are different for everyone. Gambardello admitted that the current bear market makes it difficult for him to make big decisions.

In his video, Gambardello also showed the S&P 500 chart. The crypto youtuber said that this chart strongly dictates and reflects what users will experience in the market. Highlighting the history of the chart, he mentioned that from August to October, it took 48 days to bottom below the 20-day moving average resistance.

Gambardello mentioned that if the 20-day moving average acts as resistance again, there is a very high chance that the market could hit a 50-day low. He said that could probably happen in early February.

Comparing data from previous recessions, Gambardello said it has been documented that the year before the actual recession was the worst for the markets. The crypto youtuber also pointed out the likelihood of the market bottoming out before the economy starts to break out of this whole downtrend. Based on the previous trend, he mentioned that the next drop could happen in the next 30 to 60 days.

Gambardello said speculation is just a scenario he explores for himself as an investor. He also mentioned that as an investor, he is only willing to invest money in crypto if he is prepared to lose it in the worst case scenario.

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