CRYPTOMARKET - Dead Bounce or Recovery?

in cryptocurrency •  7 years ago  (edited)

Steemit-ers.. I wanted to get your thoughts on the current crypto market. Do you think what we see right now is a recovery or a dead bounce heading to lower lows? Maybe $5k?

Please comment in the section below. Would be great to get all your thoughts! Thanks in advance!

Cryptocoins.jpeg

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By the way, any idea why did the image not load in the body of the blog?

Ah.. there it is..

I do not know - I am sorry for that but hopefully you will figure that out asap.

I honestly think we're going to hit a resistance point and get rejected. I think the recent SEC talk has given crypto a temporary boost which will run out soon and we'll go back down once more before we start to finally recover.

Makes sense. I wonder if money that flows out of the overheated equity markets will start flowing into cryptomarkets to make that possible.

Dear arunmathew,
First of all, I am not a qualified financial advisor but I am quite experienced with stocks and cryptos. My #gtwca series is here for helping people with trading cryptos and it was nearly always right. I am only analyzing the market and sharing my opinion bout it.
However, I think that we could see a last drop to about 5500$ but maybe it is already over and the current 'atl' (of this correction) has occurred. We soon will know but if there will be a new lower low then it would happen within the next few days.
At the latest of March everything will be fine my friend. That is just a healthy and necessary correction.
Yours truly, Gandalf The White!

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