That Friday Feeling: Crypto-Crash, Weiss Ratings and Wall Street
A reminder that the new Weiss Cryptocurrency Ratings report is due out today, Friday, at 4 pm New York time.
This may seem like clutching at straws in a tornado, but it may lead to some coins decoupling from the general carnage.
Also note that both stocks and bonds around the world are swimming in a sea of red, so the close of the US markets today may be more significant to what happens to cryptos during the weekend.
There are no futures expiring today.
I don't wish to redraw the same chart three times, just to say that the edge of the large triangular formation was reached today. After flirting with the downward trendline as both resistance and support, we have finally reached a resolution. You may now toss a coin in the well and see how deep it goes.
On a positive note, let us not forget that the price of STEEM on 1 December 2017 was exactly $1.
Let us also remember that you are on a blockchain where you can actually earn some money back and accumulate towards the next STEEM price rise. How many other cryptos offer you that?
Have a good weekend!
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image: pixabay/edited
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@rycharde manages the AAKOM project and the MAP forum.
yeah, stocks are a bit red, not terrible though
here is a chart that is both sobering... and optimistic:
That chart has now peaked at 7000.
yeah, i don't know much about nasdaq anymore, mostly watch P/E, and just the overall financialization with no productive investment... maybe the taxcut will perpetuate things for another year, who knows
Hello Richard, Long time no see,
and i thought we have a"project" ,
aren't you and your daughter going to do it?
just wondering...
Yes, of course, sorry, been working on some MAP projects.
Let me galvanise the little darling! I know I end up writing it, but it's good for her to learn.
this is correct
pls are you advising us to invest on cryptos now. are there any hope theywill rise back to the especially steem dollars
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