Correction still underway
Expecting a breakout of the short term uptrend in the next few days.
However these corrections usually last a bit and a few more red days are entirely possible.
The MACD is entirely bearish.
I think this is healthy especially after the recent euphoria and total refusal to correct. I expect that we are collecting energy to then move beyond the current ATH and moving further up.
Hi Knircky, i watched a video of yours on youtube and came here to explore more regarding the discussion on cryptocurrencies.
May i ask what is your opinion of the Binance coin?
i am new here please guide me through :)
thanks ^^
Welcome to steem! I am glad u found your way over here.
I am not enough familiar to have a good opinion on binance coin.
that is as far as i can see, binance exchange site has one of the highest trading volumes of 3.8mil, beating even bithumb exchange site , check the link
https://coinmarketcap.com/exchanges/volume/24-hour/all/
if anyone is interested in signing up for binance account please use my referral code!
my referral ID is 15531011
or u can use the url below
https://www.binance.com/?ref=15531011
Binance is a new and upcoming cryptocurrency exchange. It has insanely low trading fees and if u use their coin (binance coin) to pay for trading fees, each transactions cost is as low as 0.05%
that is like dirt cheap!
so in addition to the current binance traders, as more people are attracted to the low fees, more people trade on binance, more people use their coin, it's price goes up!
Maybe see it up till the new year? Perhaps people are taking gains and going to claim them before new rules etc hit in 2018- I suspect early 2018 though to just explode in profits
Yes, the new tax laws are toxic but this year we can still exchange crypto toncrypto tax free
Yes, this correction is VERY healthy and in my opinion may last even serveral weeks. We will clearly see in the chart when to bottom is built.
Be patient and HODL as always.
I think small rally, but still probably end up being a longer term down trend unless we can break the ATH.....that's kinda the only way to keep going higher....long way to go for that and I don't see enough hype to make that kinda volume.
Yes that will be interestingng to see. I think there may be quite some downward pressure in jan.
I think the last week of the year is always interesting
Thanks for update! Merry Christmas!
Enjoy the holidays and thx for your support
The next days will be very interesting :-) Merry christmas dear @knircky :-)
Yeah i think we are gonna see a much more correction but there is new money coming soon because of christmas presents i belive.
Thanks for sharing
Hope you are right
What is the reason. why this is happening any reason ?
The market cannot only go up
I don't expect to get into a big upward movement before the next year. Maybe it is just time for all of us to slow down and enjoy what happened so far.
I got here very late but already learned a lot, still keep listening.
Merry Christmas from Japan, catch you soon 🎌⛩
Good luck in the new year. 2018 will be an interesting and important year for the markets
Very interesting. Thank you for the analysis! It is always great to hear a calm point of view 😊