A Regress Tomorrow? A Crytpocurrency Update for the Evening of 07.16.2018
The bulls march on. Quite a day in the crypto space. I guess officially/unofficially, the recent ramp up is due to gossip that BlackRock Inc., the world’s largest asset manager, was considering investment in the crypto space. Well, I would say to that, I will believe it when i see it. How many rumors have us poor HODLRs have had to wait out to find they don’t come true? I mean, my favorite was that Amazon was going to accept Litecoin in early 2018...hahaha false,a and here I sit with 21 of them.
Yet despite the rumors, the march upwards continues on. That said, please recall that this is simply :
Random thoughts for entertainment purposes on cryptocurrency short term prices. This post is purely for entertainment value alone, and is not intended to represent or constitute financial advice. Always provide your own due diligence and risk management in respect to investments.
Bitcoin is awaiting a new trade signal, and Ethereum is on the cusp of adding a $590 USD target. Ripple should hit $.485 / USD soon, and Bitcoin Cash, EOS, and Litecoin all hit targets generated this past weekend.
Bitcoin
Ether
Ripple
Bitcoin Cash
EOS
LItecoin the Laggard
Tomorrow’s Odds
Over the past 12 months, the coins above, aside from EOS, have been bearish on Tuesdays.
- Bitcoin down 52% of the time
- ETH down 56% of the time
- Ripple down 56% of the time
- Bitcoin Cash down 57% of the time
- EOS UP 54% of the time
- Litecoin down 57% of the time
My guess is that we see a breather tomorrow and coin prices regress a bit. We’ll see. Good luck and good fortune to everyone.
wow, never mind on a bear Tuesday.