Victor Cobra's Crypto Market Update 5.2.2021

2 พ.ค. 2021

In this analysis, I talk about the overall trend for the crypto market, including an in-depth analysis on Bitcoin dominance. I also mention a few cryptocurrencies here that I continue to follow and hold - VET, ETH, XLM, and NANO. I will make a second (shorter) video discussing a few of my other coins - NEO, LTC, and SLT.

Hope you enjoy & thanks for watching. This video is not financial advice. This is just how I see the market, and my posts here serve as my own journal and personal record for my financial ventures.

-Victor Cobra

3 พ.ค. 2021

บันทึก

Part 2:

4 พ.ค. 2021

บันทึก

This is the sort of bull trap I was talking about in my analysis. The volume just wasn't there for follow-through this week. Some coins are doing well- ETH, LTC, and DOGE. If Bitcoin drops towards the high 30k level, that can end quickly. Watching for support near the 100 day MA, and for a bounce back into this bullish consolidation structure. Still no real direction, but here are two possible scenarios: