A small breather we all needed that is fading away - CryptoMedics Market Update

The market started tanking after a bearish head and shoulders handle was created. You will see it when you look at no 2 in our chart. This is market reaction after two days of pure greenery all over the place. Not changing our mindset here (low ladders/bearish bias short and mid term, bullish long term) as nothing has changed in terms of BTC action...

We’re truly at a boiling point at these levels and the outcome should present itself sooner rather than later. However, we need some stability. It would fortify the positive sentiment and prepare the community for more green days. Yet, let’s not get ahead of ourselves - we are still in the downtrend since January. We still need more time to overcome it. Patience, my CryptoPatients ;)

Not many Alt Coins doing much of anything either - besides the Binance Coin which is +12% in Satoshi value! Watch Huobi token as well, that is a sign that exchange wars are coming to a theatre near you soon! (DEX WARS actually).

And how about that beloved ZIL? That coin has made us 400% since we called and it keeps getting better!

Attention: some of coins are approaching their buy zones!

P.S. We’ve also had a small conversation with our fellow blockchain developer. This is what he had to say: “Ethereum is the blockchain industries choice as they are focusing on it right now, and probably it will stay on top for a while since they have the by far best developer tools and resources. However, half of the customers want a private chain, and this is where HyperLedger is dominating.”

Then we asked about Vechain and upcoming mainnet (end of June). He said: “In my opinion, Vechain will take a significant marketshare from both of these segments. Bigger companies will go for Vechain due to its public chain development because of IoT, scaleability and stable costs. Vechain has also positioned itself as a great (and much better) alternative to private chains. No one can compete with IBM on private chains, so it makes sense to push something like Vechain to clients instead.”

Dear CryptoPatients, pay attention to #Vechain. We’ve covered this coin for six month, started way before others, and we are still convinced this coin is one of the best long term holds.

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