ALTS DON'T LOOK PRETTY!
I AM NOT GOING TO PROVIDE FUNDAMENTAL ANALYSIS OF THE CRYPTO-CURRENCY MARKET!
HOWEVER, FUNDAMENTALLY, THE OVERALL CRYPTO MARKET IS SATURATED AND FOR THE CRYPTO-CURRENCY INDUSTRY TO TAKE OFF, A CULLING MUST OCCUR!
ALIGNING MYSELF WITH THE AUSTRIAN SCHOOL, I CANNOT HELP BUT BELIEVE IN BITCOIN'S EVENTUAL DISAPPEARANCE, ALTHOUGH I THINK THIS WILL OCCUR IN THE DISTANT FUTURE!
THERE ARE HOWEVER A GREAT NUMBER OF PROMISING BLOCKCHAIN IDEAS THAT WILL HAVE AN INCREDIBLE IMPACT ON HUMAN SOCIETY AND ARE WORTHY OF INVESTMENT!
TECHNICALLY HOWEVER, THE ALT-COIN PICTURE LOOKS UGLY!
THE 200-EMA IS PROVIDING SUPPORT AND A DOUBLE-BOTTOM IS IN THE CARDS, BUT WE ARE EQUALLY FORMING A DESCENDING TRIANGLE, ARE MONTHS AWAY FROM BREAKING THE LAST REMAINING TREND LINE, AND VOLATILITY HAS BEEN DROPPING OFF A CLIFF!
IF AN INVESTOR WAS LOOKING FOR LONG TERM RETURNS, I WOULD WAIT FOR "BLOOD IN THE STREETS" BEFORE ACCUMULATING FUNDAMENTALLY SOUND PROJECTS THAT SURVIVE A MARKET COLLAPSE!
HOWEVER, FUNDAMENTALLY, THE OVERALL CRYPTO MARKET IS SATURATED AND FOR THE CRYPTO-CURRENCY INDUSTRY TO TAKE OFF, A CULLING MUST OCCUR!
ALIGNING MYSELF WITH THE AUSTRIAN SCHOOL, I CANNOT HELP BUT BELIEVE IN BITCOIN'S EVENTUAL DISAPPEARANCE, ALTHOUGH I THINK THIS WILL OCCUR IN THE DISTANT FUTURE!
THERE ARE HOWEVER A GREAT NUMBER OF PROMISING BLOCKCHAIN IDEAS THAT WILL HAVE AN INCREDIBLE IMPACT ON HUMAN SOCIETY AND ARE WORTHY OF INVESTMENT!
TECHNICALLY HOWEVER, THE ALT-COIN PICTURE LOOKS UGLY!
THE 200-EMA IS PROVIDING SUPPORT AND A DOUBLE-BOTTOM IS IN THE CARDS, BUT WE ARE EQUALLY FORMING A DESCENDING TRIANGLE, ARE MONTHS AWAY FROM BREAKING THE LAST REMAINING TREND LINE, AND VOLATILITY HAS BEEN DROPPING OFF A CLIFF!
IF AN INVESTOR WAS LOOKING FOR LONG TERM RETURNS, I WOULD WAIT FOR "BLOOD IN THE STREETS" BEFORE ACCUMULATING FUNDAMENTALLY SOUND PROJECTS THAT SURVIVE A MARKET COLLAPSE!
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