Crypto Assets Price Correction : It was normal market behaviorsteemCreated with Sketch.

in #prameshtyagi7 years ago (edited)

Recent correction in crypto Assets was driven by Bitcoin Harfork/Softfork debate and associated rumors. Rumors or not the correction was due and a bit was accentuated by ETH rumors and it is good it happened. The exit signal in our analysis came on 19th June for ETH ( as published here https://steemit.com/cryptocurrency/@prameshtyagi/crypto-price-correction-it-was-normal-market-behavior-dont-panic ) and for BTC came on 9th July.

However, the correction is now over and buy signal on 18th July for BTC and ETH both. So expect continued upmove from here onward for some time.

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Modeled Price for BTC (2646) is lower than Actual Price for BTC (2807)
-> BTC is slightly overvalued mean some downside risk
-> Fresh Buy Signal came on 18th July
Modeled Price for ETH(272) is higher than actual price for ETH (230)
-> ETH is undervalued mean almost no/liitle downside risk
-> Buy Signal came again on 18th July after exit signal on 19th June

--> expect good upmove now in both BTC and ETH and entire Crypto asset space.

Overall buy BTC and buy in ETH. One can also buy other cryptoassets which have still not participated in this upmove and are promising with their business plans.

Coin Marketplace

STEEM 0.26
TRX 0.11
JST 0.033
BTC 64383.21
ETH 3098.60
USDT 1.00
SBD 3.89