Several large reductions in the Crypto Market Cap have occurred in the last week. They have caused drops in coin prices across the board as well as possibly some market panic and sell offs which have led to even further declines in prices. Market analysis is based on the evaluation of organic movements in the markets not being manipulated by data reporting or possible "whale investors". There are several reasons given for these quick reductions in Billions of USD equivalence from the CMC in multiple publications. This again establishes the volatility of the Crypto space and reminds every one this is a speculative market. I am pointing out the areas of major price drops correlating to the drops in CMC:
#1 1/8 23:47 UTC ($829,667,000,000) to 1/9 14:47 UTC ($702,303,000,000) -14% Market Cap Drop = No Effect
#2 1/10 22:47 UTC ($731,310,000,000) to 1/11 04:47 UTC ($628,386,000,000) -13.5% Market Cap Drop = 13,400 Sat Drop
#3 1/11 16:47 UTC ($711,734,000,000) to 1/12 00:47 UTC ($649,125,000,000) -9% Market Cap Drop = 19,200 Sat Drop
#4 11/15 16:47 UTC (713,329,000,000) to 1/16 01:47 UTC ($641,990,000,000) -11% Market Cap Drop = 16,500 Sat Drop
As you can see this creates a lot of volatility in the prices of the coins and causes a quick decline in value. Keep this in mind when investing in the Crypto Space.
With that said STRAT is possibly bouncing back up, there was a bounce each time before I anticipate the same with the price returning to >= 157,153
#1 1/8 23:47 UTC ($829,667,000,000) to 1/9 14:47 UTC ($702,303,000,000) -14% Market Cap Drop = No Effect
#2 1/10 22:47 UTC ($731,310,000,000) to 1/11 04:47 UTC ($628,386,000,000) -13.5% Market Cap Drop = 13,400 Sat Drop
#3 1/11 16:47 UTC ($711,734,000,000) to 1/12 00:47 UTC ($649,125,000,000) -9% Market Cap Drop = 19,200 Sat Drop
#4 11/15 16:47 UTC (713,329,000,000) to 1/16 01:47 UTC ($641,990,000,000) -11% Market Cap Drop = 16,500 Sat Drop
As you can see this creates a lot of volatility in the prices of the coins and causes a quick decline in value. Keep this in mind when investing in the Crypto Space.
With that said STRAT is possibly bouncing back up, there was a bounce each time before I anticipate the same with the price returning to >= 157,153
Kommentar:
right now with this market wide correction I am holding all my trades. Altcoins have made some good rebounds since the sell off first of the week. I feel like BTC needs to give us better signals before we can figure out the alts exactly. I will be updating all my trades I am following this weekend. I should be able to give a much better analysis by then. For now hold with patience. Thanks
Kommentar:
Stratis is finally moving after multiple week downtrend/consolidation. See me Stratis trade below for targets if you are just now joining this trade. Caution---after making a substantial move in the last hours wait for a dip in the price to buy in if you are not already in the trade. I do not like to buy in on the way up as you never know when it may reverse course.
