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
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
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Part 2:
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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:
