Everyday there seems to be a new piece on the horizon that an institution is looking to join Cryptocurrency markets, such as recently: Morgan Stanley having their own CryptoAssets division. Yesterday there was Bill Clinton in September will speak at the Ripple Conference. To the naysayers saying Bitcoin and Crypto-assets will soon crash and burn, you have never truly looked into Cryptocurrencies, rather you are speculating from a place of ignorance and jealousy that you missed out on potential 1000% rises.
Nonetheless, Bitcoin has for the second time over the past several days, rejected a dump pass $7,400, with the most recent bounce carrying market to $7,700. This illustrates to the Nouvive team that all dumping for Bitcoin is over, we will now see BTC carry itself to $9,000.
You do have to look out for the close to $4Mn Bitcoin long that has not closed or settled following their liquidation.
Ethereum continues to trade within the small range between $407-425. According to Nouvive’s Chief Trader, Mikaeel Dada and analyst Adris, Ethereum will see the previous April lows of $325 before bouncing, like we saw during April and May to $800.
What about AltCoins?
Following the continued dumping of Bitcoin, the vast majority of the top 50 crypto assets have bottomed to levels unseen this year, to lows of November 2017, those including VeChain, NEO, ICX and even the baby, DRGN or DragonChain.
To Nouvive Premium Subscribers, we are posting buy levels for the vast majority of those.
To Nouvive Free members, stay safe during this rocky period and use stop losses to avoid seeing losses.
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Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.