WTF Crypto? Don’t be Scared People
Nouvive has had to calm individuals down across all of our social media platforms as a result of people being scared that the market is crashing on them.
Heres a Beautiful Update:
Crypto Quick Update
Bitcoin’s Dominance is currently 54%, the last time we saw this was in November 2017. Those viewing this article may remember what occured during this period.
If you don’t, just remember that November was a Month before we saw Bitcoin take over $15k as well as $19K. This could be seen as a bullish indiciator.
Unfortunately, Nouvive’s Sentiment tracker over all platforms have found no such matchings with most investors/traders seeing Cryptocurrency tracking.
LET ME ASK YOU A QUESTION: If such was the case, would ICE, the operator of the NYSE or New York Stock Exchange getting involved in a financial instrument that was going to be valued at $0.
The market cap is currently at just over $196,000,000. The last time we saw this was again, in November 2017.
BTC/USD Quick Update
Bitcoin has to close above the 21MA line, which is at just over $6200, if such is the case, this will see Bitcoin print a higher high on the 6H. Representing a full 24Hours since the price has slighly recovered by less than 1.5%.
This would represent being saved from the perils of what occurs south of $6800. Moreover, during the Asian close, we did see $5860 rejected, illustrating excellent signs of recovering.
It is of Nouvive’s opinion that we will see the price recover to slighly above $6200, if the momentum continues, as a result of Nouvive’s Specialist data, we could see BTC hit just under $6400, before closing under $6300.
As can be seen by the graph above, the RSI Stochastic is crossing over, this would be just enough to see the first level fo $6175 hit before momentum carrying it to just under $6400.
ETH/USD Quick Update
Ethereum crashed close to 10% yesterday falling from just above $300 to $254 before a bounce to the current level of $263.
If Nouvive is correct on their statement of Bitcoin, this could manage to drag Ethereum up to the levels stated below, especially based on the RSI Stochastic crossover on the 4H TF and the volume gaps,
that can be seen at $276.
KEEP YOUR HEAD UP HIGH. MAYBE BITCOIN & ETHEREUM SHOWING THE SAME SIGNALS AS BEFORE WE HIT ALL TIME HIGHS.
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