Consensus Pump Incoming or False Hope?
Traditionally the week during Coindesk's Consensus event has been a bullish sign for the crypto markets, but is this year where the trend changes. Let's take a few minutes to look at how things have historically panned out during the week of Consensus and two weeks following, and what I'm thinking about moving forward here.
Tom Lee of FundStrat on growing conference attendance:
https://twitter.com/fundstrat/status/993928352141664259
Tweet from CarpeNoctom on historical crypto market results during and following Consensus:
https://twitter.com/CarpeNoctom/status/995525651863146496
Tweet from Rocco on conferences:
https://twitter.com/Obstropolos/status/995545215564959745
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I'll be interested to see if its bitcoin breaking the descending pattern, or if alt coins with more ICO potential pump...or if the patterns hold and we continue to go down through this next week.
Consensus going to 10x the cryptos whom actually have "intrinsic" value. OCN...EOs...ONT
Announcements of launches and partnerships will probably be the catalyst for increased prices. I’m sure that some projects would like this opportunity to use a high profile event like this to get news into the spotlight.
What do you mean historically? Only last year it actually resulted in a pump and at that time the market was already in an uptrend.
Don't wanna be the bear here, but I don't see any hard evidence on why it might moon.
But I guess your video certainly helps that if anything ;)
Doesn't look like it, but one can always hope :)
Coins mentioned in post:
Hey Bobby you’re in NY? That’s awesome u ever do meet ups?