TA tonight
Some TA for tonight. Bitcoin and the rest of the market has been going sideways for a couple of months now and volatility has really dropped off over the last week or so. Once again it looks like we are getting to a make or brake point on the chart, i feel with the continued positive news in the media, major international companies buying up crypto related assets and hype building i think its a good chance it will brake to the upside. Volume has dropped this might have to do with the whole Ethereum SEC FUD.
As you can see im not a massive charts fan i do use them as a general guide and to see if the market has gone crazy , i like to relate it back to the news and media as thats what most people form there opinions from unfortunately.
I have some money on the side to buy any dips i am pretty bullish on projects such as EOS, Ethereum, Neo and of cause Bitcoin. I think the worst is over and we are headed for better times, it will most likely be a bumpy ride back up and might take a few years so get your hodl on and keep one eye open for any interesting projects.
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This is not professional financial advice please do your own research before making any investments.
Great article and analysis! I agree that the worst is certainly over and steadily we will see bullish movement to where we saw prices reach last year. I f we can break to $10,000 level in the next few weeks we could be seeing those prices within the next few months i believe!
thanks :). i like your thinking haha. Btc really wanted to brake that 10k ceiling it was so close the other day.
It only 1c off hitting the 10k mark.. Hopefully we can have a strong retest and push through this time!
maybe by the time i wake up 10k
We can only hope!