The feeling I get from the cryptocurrency markets at the moment is that the markets are about to take off. I predicted this earlier - a "late April, early May" return to green. And it now looks like my vibes are right on the digital money.
We've started to see some sudden buy ups, pits, cliffs and sharp drops in the market cap. The markets aren't just ambling along, wondering what to do. There are sharp moves in the market, meaning that there are people with big money thinking about the market this past week. Jockeying and positioning themselves for the start of the growth cycle.
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I don't know about you, but it feels like that moment in the game of roulette, when the dealer spins the wheel and says "place your bets". The game is on, but the ball has yet to land. To me, this "leisurely period of buying cheap coins" is about to end and a new phase is just about to begin.
With the US tax year set to end on April 15th ( or 17th by some reports ), I would expect a return to green about a week later, once the negative sentiment of a sell off is over. Sometime around the 24th of April. The US tax year is a big event in crypto as the IRS cracked down on cryptocurrency this last year, so many investors who made a lot of money may be forced to sell positions to cover the tax burden.
Regardless of the US tax season, regardless of my instincts, the coin markets will shift at some time or another. With IBM making announcements that they wish to be "the king of blockchain development", rumours of George Soros investing in cryptocurrency and Rockefeller owned hedge funds doing the same, the signals of an inflating market rather than a declining market are in the air.
The moral of the story? Don't be lazy. It's time for the bears to wake up if you haven't already and buy into some solid projects before they 10x their way back to a normal evaluation. Let alone what they go to in this years bull run.
Thanks for watching,
Brendan Rohan - Indie developer of 'next gen' natural medicine from Melbourne, Australia
Www.Skyflowers.co ( see "botany" tab for the plant research )
Www.ClinicalFlowerTherapy.com
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If you support natural medicine and an independent research project that began in 1997, then steem me. The creds I get will help me provide a solid body of information that future generations can build upon.
DISCLAIMER: This article is written by an amateur investor and is offered purely for information purposes. This is not financial advice and you should always seek the advice of a finance professional.
after the past weeks and watching the traffic graphs on the crypto market and firmly know that the red color does not fit the Lamborghini
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What? No lambo for everyone?
Personally, I think that the Lamborghini company is going to be the only winner when the crypto market is over. #Lol
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I find it interesting people in the crypto world are talking about the April sell off to cover tax burdens. As if it’s this great awakening of knowledge.
This has been standard practice in the stock market for decades.
So you are not talking about anything new. Just use technical trading and normal stock market practices to trade BTC.
It’s not complicated and it’s not new.
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No, it's not new to people who have previously traded traditional markets. But as many people enter crypto have never traded anything before and are completely new, its a big revelation.
So I get why people are talking about it.
Many of my friends read my blog because they are starting out. Getting a feel for a market and an overall concept of the many factors when you're a noob is like trying to lasso a wale.
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Very valid point.
I didn't think people would be in trying to trade it without any previous trading exp.
To me that seems very scary. I would rather treat it as a movement. (gather crypto and exchange it for good /services)
Keep up the good work.
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I think that most people are diving into crypto without thinking. Crippling debt and the promise of moonshots in the 'age of austerity' have driven people like scurrying rats into a new asset class.
I may be one of them, but at least I ask questions. Like "where is the best cheese"?
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