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RE: SALT Lending (SALT) Analysis: Both SALT/USD and SALT/BTC have to complete correcting...then BLAST OFF! See the full analysis in this blog!
Nice! SALT is one of my riskier picks, but I've been very happy since I picked it up a few days ago. It's only 2% of my overall portfolio but I honestly hope the team is successful. I honestly think they could bring incredible value to the crypto space as a whole if people will be able to make loans and use their crypto portfolio as collateral. It'll go a long way to legitimizing cryptocurrencies.
Notice my technical and analysis mentions nothing about fundamentals or the core team or any news or events.
This is because technical analysis is purely dependent on sentiment. Price is a reflection of sentiment that is more immediate, earlier than the effect of sentiment on news events or fundamentals . This means that news events or fundamentals do not move price instead price moves news events and fundamentals.
Thanks for everything I have learned so much!
Really? I thought FOMO and FUD events were all about the price being affected by outside news. I'm sure I saw one of the coins ramp up in price because a media conference was being held and then the price dropped dramatically when that media conference said that developments were being delayed until February.
This is blowing my mind.
Go big, you will be happy.