We observed a huge volumes output on 16-17 of Jan, which often forecasts a reversal. But after that, there was only a slight rebound. And the level of 13,000, which for several more weeks was a support, now became a resistance and the price pushed it downwards, being a very bearish signal.
The short-term goal of the fall here is seemed to be the December-January lows and 200 moving average in the range of 8,000-9,000. But if we won’t see support there, the fall may run on to the range of 5,500-6,000.
The price lies at the lower border of the channel, and until the channel is broken, we should not expect acceleration of the fall. We will most likely see a slowdown in the fall and rebound attempts in the near future. But it won’t meanwhile suggest a trend reversal, but rather only a correction to a little more than 40% drop. That’s why one should not try to catch the "falling knife", preferably waiting once the price consolidates, having found a new levels of support, and ideally, until it makes breakout out of the channel. Then it will be the right time to consider entering long positions.
ZeroState ICO (ZSC)
Posted in Live ICO on Apr 16, 2018ZeroState is the world’s first emotional intelligence platform. It helps advertisers around the world increase the loyalty of their customers by analyzing their emotional involvement. Till 31 August 2018
Marginless ICO (MRS)
Posted in Live ICO on Apr 16, 2018Marginless is a betting exchange and a social betting network, where all users can share their betting insights, create their own markets, place bets against their friends or oppositors without being overcharged or simply tricked. Till 31 May 2018
NuVoo Cloud Mining Review
Posted in Reviews on Apr 15, 2018My regular readers and social media followers are aware of my general skepticism concerning cloud mining. There are simple too many opportunities for a scam. Hence, my own propensity for small scale software pool mining.
Hashflare Cloud Mining review
Posted in Reviews on Apr 15, 2018In the crypto sphere there are no "mints" printing our money. To create cryptos we must "mine".
What is Cryptocurrency Trading & How to Trade Cryptocurrencies?
Posted in Crypto Trading on Apr 15, 2018Before we discuss trading, let's clarify the true nature of exactly what a crypto really is.