Will Consensus 2018 rip off bears' faces?
Hi cryptofans!
If you havent been paying attention to the cryptoworld, now is the time. Namely, Monday brings us the largest cryptocurrency conference, Consensus 2018, where a massive number of cryptocurrency enthusiasts and companies meet, share ideas and look for partnerships and business opportunities.
Organized by Coindesk, Consensus 2018 takes place on May 14-16 in New York and according to the organizer, they plan on breaking the attendance record.
Consensus 2018 will feature 250+ speakers and 4,000+ attendees from the leading industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups who are building the foundations of the blockchain and digital currency economy.
Tom Lee: Lambos soon. Via cnbc.com
Tom Lee, an analyst from Fundstrat Global Advisors, expect Bitcoin to begin it's next massive rally around the time of the conference and even expects it to be the largest rally so far. As the conference takes place 4th time, every previous Consensus has seen the price of Bitcoin surging. Lee says:
“Bottom line: We expect BTC and cryptocurrencies to behave similarly to prior years and rally during Consensus”
As Bitcoin sits on a critical support at the time of writing this post - a 50% retrace of it's recent upleg - it looks like it's the perfect time for it to pick itself up and get a slight boost. Lets see what Consensus 2017 did for Bitcoin price.
Via tradingview.com
Consensus 2017 is indicated by a an arrow and a light blue square - as you can see, it's the time, when Bitcoin got a decent boost, after a slight fakeout downwards. It slowly started gathering pace and truth be told - it never looked back - the march for 20K had started.
Homework for you: research previous Consensus Conference rallies, using tradingview.com
So the expectations are high. Shall we be disappointed or will the bulls be enforced? We'll see in a couple of days.
Read more about Consensus 2018:
coindesk.com/events/consensus-2018
Other materials used:
Are you a total noob to cryptocurrencies and trading overall? No problem, we all have to start somewhere. Here is some trading lingo to help you get started
Via fedotov.co
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If anyone could tun that infographic into a poster I'd buy it from you!
You can ask one from these guys and turn it into a poster yourself https://cryptojh.com/
Bitcoin pulling back to support as Consensus gets underway is what’s pricked my interest.
Technicals lead Fundamentals and this one is set up once the perfect spot to rip as good news flows from NYC through the week.
🐄 - Mooo!
Should at lease bring us out of this slump we are currently in!
Lets hope Steem can retrace and head towards the $5 mark in the next few weeks...
To the question in your title, my Magic 8-Ball says:
Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.
bull season about to start, get your positions!