CoinMarketCap Broken / LiteCoin Uptrend / BTC Stuck / ETH In Descending Channel (MR 13 July 2017)
On today's episode of The Cryptoverse CoinMarketCap's data feeds seem to be broken so I skip the market roundup segment for today and focus on the chart readings. Ethereum is in a decisive downtrend, Bitcoin is stuck under it's 50 day moving average and LiteCoin continues it's uptrend and makes a flag.
Visit The Crypto Hardware Wallet Superstore
http://bit.ly/2oP9Kyv
Sign up for Robofrom the world best password manager app
https://www.roboform.com/?affid=c5489
Draw charts like me by using Coinigy
https://www.coinigy.com/?r=16171fe8
Join my affiliate program, earn Bitcoin and LiteCoin
https://www.cryptoversity.com/affiliate-dashboard/
Please Support The Cryptoverse And Boost Cryptocurrency Adoption By Becoming A Patron:
https://www.cryptoversity.com/enroll/
Or Pay As You Go With Cryptocurrency Tips:
https://www.cryptoversity.com/podcast/coinpayments
Sources:
http://coinmarketcap.com/
https://www.coinigy.com/?r=16171fe8
Take my online courses on Cryptoversity the online school for learning about Bitcoin, crypto-currencies and blockchains at:
https://www.cryptoversity.com
Your Bitcoin gut feeling is likely correct and I fully agree with it. That being said people will likely still be in a state of fear as we approach the August 1st date (fear of the unknown) so the price ups/downs during this lead-up may still get quite intense.
I also have a prediction which may take place which may intensify the fear around that date. You know how recently BTC accidentally hardforked on the TESTNET? Well I have a feeling that those news stories on that TESTNET event are going to resurface on August 1st when lots of people start to Google "Bitcoin Hardfork" which will then serve those users the several week old TESTNET hardfork articles, and many users wont realize the article is out of date and is talking about the TESTNET (not the live chain). Basically many users may read these old articles and panic thinking they are referring to an error or official hardfork on the live BTC blockchain when it is in fact not. Just a hunch, but I could easily see this taking place and causing unjustified fear on Aug 1st, but I guess only time will tell.
Well done post
This comment has received a 0.15 % upvote from @booster thanks to: @hamzaoui.
ETH in downtrend, Nooooo!!
Nice video. I'm a little bearish on ETH's prospects for the moment, I think LTC is the place to invest right now.
I'm always posting the analysis from my crypto investments and whatnot, so I love discussing crypto. If you ever wanna chat hit me up over @jhcooper7
http://coincap.io/ also appears to be broken somehow ...
Whats up @marketingmonk I just followed you. Hope you will stay with me & follow me.
Good to see LTC moving back up and recovoering. I still think it might be on track for 60 dollars by next august
Nice post...
Please upvote and follow me @tsteem
Thank you!
segwit2x active 1st august therefore crypto market broken