After (successfully) calling the start of the present crypto bull market, while everyone was calling me nuts, I'll now share my next thoughts. Alt season (yes, all those pesky little coins) should now begin their ascent north. The next few weeks should be very exciting for the micro caps!!! Do your own research - I am not (and don't want to be) a financial adviser.
I also think the next bull market will be the "alt coins' dawn". However, I don't think we are in a bull market yet. Bitcoin spiked, so did Ethereum and some smaller coins. But still...
I don’t think we’re out of the woods yet. BTC still has a lot of resistance up ahead. We’re right at 20 week EMA and 20 week SMA is still overhead resistance. Been rejected from these resistance levels for several weeks now. Need to clear and hold $46k before any bull run resumes. Until BTC breaks above, alt season hasn’t started yet. It will happen, and sure some alt coins will go nuts in the mean time. A general cryptowide bull run still needs BTC to break above. My opinion only and DYOR etc
Thanks for the heads up, my knowledge about all of this is still insufficient to put big moneys into this, but I'll do have to find my way around sooner or later. And I also predict that future generations won't have this kind of reserved approach to it like I do, for many of them digital is as good as physical, if not better, lol.
To name just a few... Zilliqa up almost 300% in the past week. Ethereum Classic & VeChain also performing well. IOTA looks ready for a run.
Alt season for our portfolio's really took off in the months nearing the end of 2020. And as of Dec 2020 if thats the only appreciation my portfolio gained until now i would still be exceptionally happy. You al greedy fckrs Lol
Still hanging in there just above 46k. Next resistance above is the 200 day SMA, around 48k currently. Rejected off the 200 day SMA when it topped out in the high 47ks, now retesting 45-46 and has held so far. Next push above hopefully will break 48k, after that clear sailing for a bit until 50k, then 60k and 69k previous ATH
Can someone give me their take on terra Luna? I bought some at 135 and some more at 110, and want to know what kind of upside potential it still has
Can't help you there mate, I haven't looked at it. Do a search on YouTube with InvestAnswers, he's covered it.
I recommend the following two channels/vloggers - seem to stand out from the rest - although, they focus mostly on Bitcoin, you might find something useful: Andrei Jikh Trader University Right now CRYPTO IS IN A BUBBLE and the overall market sentiment is very negative. While the stock market crash can happen at anytime, I think the crypto market can also go down Angel Falls and who knows where all cryptos will end up. Take a short look at several trendy cryptos and you'll see how many kept falling back again and again and could not reach their previous heights. One particularly important thing is to check the NEGATIVE REVIEWS, not the positive ones, whenever: - you want to buy an assets or a product - whenever you want to get hired for a job The positives will always be there from people who have vested interest or, who are just emotionally delusional permabulls. It's the negatives that uncover some of the most shocking things that might make you stay away. If those negatives are scarce or don't even show up, then you might want to buy in. Negatives for some of the coins - that I noticed: Hex: - the owner looks like a pornstar and in one video he actually showed off a luxury apartment where he intended to "bring chicks" - the way the guy dresses, the way he speaks reminds me of the singer from "The Offspring" from the late 1990's NO TRUST Litecoin: - was the second most notorious crypto 10 years ago, many quoted each other claiming "Litcoin will be the silver of the crypto market" just like "Bitcoin will be the digital gold", but it's barely ever mentioned nowadays - allegedly, even the founder/creator of Litecoin has left the coin - rendering it useless, in my opinion (but people still buy in and sell it off, therefore the waves on the charts) Ripple/XRP: - great ambitions, but allegedly the vast majority of the coins are owned by a small group of people with vested interests (founders etc.), meaning that at any time they can leave the project or, make a massive sell-off, pulling the carpet out from underneath... price can collapse Many cryptos skyrocket after launch, because they are literally get-rich-quick schemes promoted to higher levels. The owners then cash in after the first spikes, after having promoted the coins at various conferences and other public events... most coins are like this nowadays. Most coins have this annoying pattern and you can see it by looking at the charts. I think the vast majority of coins are not really used in transactions, they are merely traded like Doge or Shiba Inu. From this point of view, most of them are CRAP in a beautiful packaging. Bitcoin, Monero, Ethereum are being used in many transactions, though... I am trying to guess the next Ethereum/Bitcoin-type coin...
XRP looking very exciting to me. Talk of possible settlement with SEC in next couple of months. Not investment advice.
I used to hold Nano, then Fransesco The Bomber's exchange was hacked. That was the end of my relationship with it.
What is so cheap and fast about it? What makes it better than 99.99% of cryptos out there? Dogecoin and ShibaInu can do the job pretty well.
Do you see a bullish pattern? Perhaps the Ruskies want to use it for payment with other countries? (not necessarily the state, but perhaps the people or the companies, banks?)
