The momentum has not not really come forth after bitcoin finally broke out of that three month descending channel.
In fact, both volume and volatility in the crypto space on a whole is a bit muted the past week.
Don't get me wrong, it doesn't mean there is a problem. Consolidation is healthy and fine. It's just the current market action is very muted compared to the past six months or a year.
Really, I just wanted to point this out. People are rah rah rahing BTC 15k and 17K in no time flat, but that is not the market we are in the past couple weeks. It has been slow and steady - and that is a ride I am fine with.
Anyway, the below video I look at some up and downside targets on:
- BTC, LTC, ETH, EOS, XRP
That is what one must do to be prepared to act - now we wait!
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Best Regards,
Disclaimer: All info in this post is my opinion and for educational use.
Free e-book: ScaredyCatGuide to Knowing What the Heck Bitcoin Is
Best Regards,
Disclaimer: All info in this post is my opinion and for educational use.
As Bitcoin goes, do goes the price of the alts. Alts are tied to BTC and BTC is tied to news. Good news, BTC goes up. Bad news, all cryptos plunge.
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Three months into this year, 2018 isn't looking like it's going to pan out the way that I thought it would (with gains crazier than last year). At this point, I would guess that we will see gains around half that of last years, which is still pretty damn good.
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Crypto can pause for a long time. Ever market right now seems to be in a wait and see mode.
There is uncertainty in the bond market which flows over into the stock market and this flows over into crypto.
Patience is the watch word and dollar cost averaging investing.
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UPDATE - haha, minutes after I finished this video BTC sold off. THIS IS WHY we talk about both the upside and downside targets, unlike certain overly popular crypto analysts on here ;-P
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Wow nice post. Keep em coming. will folloy you for more in the future :)
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what would you say the lack of volume is due to?
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Not really sure. Chinese holidays are over, that was the last clear item.
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Coins mentioned in post:
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Te felicito buen post me gusto cuenta con mi voto, saludos
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Slow and steady good. Stability use to be a good thing to.
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