4.18.19 Longs are showing signs of weakness. BTFD
It's been a while since I've done an update. About a month ago it was it was super quiet and not a lot of action. Then bam right in the beginning of April huge volume. We've been stead trading in the range of 5000 to 5250 for almost 2 weeks now but we are showing some signs of weakness (lower volume and unable to break 5300).
There are a few things coming up next month which should rally the market, Crypto's largest convention in NYC Consensus on May 13th. This convention usually brings renewed interest in crypto and likely is going to start the next rally. So what about now till then?
Here's what is going to happen, within the next two weeks:
1. 75% chance we retrace down to the 4500s
2. 10% we pump past 5400
3. 15% Nothing happens, we continue to float around the current trading range (Best case).
Long term - are you readying about crypto all the time on the news? There's a reason for that....
A few things to put on your radar:
Staking coins like Tezos is the new buy. Coins that can earn interest just by hodling the coins.
Theta : TLDR a project that does p2p streaming video. When you are watching a video you can also distribute it to other people nearby and earn crypto. The mainnet has launched and is working but not fully complete till Q3. They have a working service called sliver.tv. Working network + working project, IMHO undervalued. sliver.tv/invite/qhujnp5m
Wax.io : TLDR wants to become a decentralized Ebay, good potential, but lacks detailed information on lots of moving parts. Mainnet launch is end of Q2. IMHO keep an eye on.
Binance coin: Lots of potential here, currently kings of the space, they've started building their own blockchain, they have access to all the ideas of the coins that they are listing. Possible that they will start taking the best ideas/coins and using it for themselves. IMHO Long term BNB will be top 5.
There's a bunch more, but this wraps it up for now. Good luck
Not investment advice. Crypto is super high risk.
There are a few things coming up next month which should rally the market, Crypto's largest convention in NYC Consensus on May 13th. This convention usually brings renewed interest in crypto and likely is going to start the next rally. So what about now till then?
Here's what is going to happen, within the next two weeks:
1. 75% chance we retrace down to the 4500s
2. 10% we pump past 5400
3. 15% Nothing happens, we continue to float around the current trading range (Best case).
Long term - are you readying about crypto all the time on the news? There's a reason for that....
A few things to put on your radar:
Staking coins like Tezos is the new buy. Coins that can earn interest just by hodling the coins.
Theta : TLDR a project that does p2p streaming video. When you are watching a video you can also distribute it to other people nearby and earn crypto. The mainnet has launched and is working but not fully complete till Q3. They have a working service called sliver.tv. Working network + working project, IMHO undervalued. sliver.tv/invite/qhujnp5m
Wax.io : TLDR wants to become a decentralized Ebay, good potential, but lacks detailed information on lots of moving parts. Mainnet launch is end of Q2. IMHO keep an eye on.
Binance coin: Lots of potential here, currently kings of the space, they've started building their own blockchain, they have access to all the ideas of the coins that they are listing. Possible that they will start taking the best ideas/coins and using it for themselves. IMHO Long term BNB will be top 5.
There's a bunch more, but this wraps it up for now. Good luck
Not investment advice. Crypto is super high risk.
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