CRYPTOMARKET - Dead Bounce or Recovery?
Steemit-ers.. I wanted to get your thoughts on the current crypto market. Do you think what we see right now is a recovery or a dead bounce heading to lower lows? Maybe $5k?
Please comment in the section below. Would be great to get all your thoughts! Thanks in advance!
By the way, any idea why did the image not load in the body of the blog?
Ah.. there it is..
I do not know - I am sorry for that but hopefully you will figure that out asap.
I honestly think we're going to hit a resistance point and get rejected. I think the recent SEC talk has given crypto a temporary boost which will run out soon and we'll go back down once more before we start to finally recover.
Makes sense. I wonder if money that flows out of the overheated equity markets will start flowing into cryptomarkets to make that possible.
Dear arunmathew,
First of all, I am not a qualified financial advisor but I am quite experienced with stocks and cryptos. My #gtwca series is here for helping people with trading cryptos and it was nearly always right. I am only analyzing the market and sharing my opinion bout it.
However, I think that we could see a last drop to about 5500$ but maybe it is already over and the current 'atl' (of this correction) has occurred. We soon will know but if there will be a new lower low then it would happen within the next few days.
At the latest of March everything will be fine my friend. That is just a healthy and necessary correction.
Yours truly, Gandalf The White!
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