We haven't talked about the market in a while, lets check in with it!

in #cannabis6 years ago

It's been all summer and sessions lately! With lots of really good weed. We've forgotten a little bit about the market, but the market hasn't forgotten about us! We've seen a lot of excitement lately with bitcoin moving up rather quickly. We're seeing dominance rise, and just enough volume to indicate the possibility of some bullish momentum. I however think the price has moved up too much too quickly, and we still have a long way to go to make a higher high on the larger time frames (would be around 10k). I think we're going to probably get taken down again before we achieve that, but if it does happen, I will be ready to change my point of view.

Typically when a bear market comes to an end we don't just simply go parabolic which seems to be what's happening so far. The other bullish moves in this bear trend have also been quite aggressive, taking us up rather quickly. The positive we have to look at is that if we break down from here, the new high to beat to make a new high in the trend will become 8.5k, which gives us a lower point of confirmation for a new bull trend.

20180615_134147.jpg

Sort:  

i wish i could know about crypto earlier.
nice article Mate

I wish i could know
About crypto earlier.
Nice article Mate

                 - yoggie


I'm a bot. I detect haiku.

That bud looks sicko!

Coin Marketplace

STEEM 0.28
TRX 0.12
JST 0.033
BTC 69942.87
ETH 3793.57
USDT 1.00
SBD 3.73